These 9 states are where taxpayers get the biggest bang for their tax dollars

Most people don't enjoy paying taxes, but they are vital to financing important programs and projects from which US citizens benefit.

In a way, taxes are sort of like an investment. Taxpayers (investors) pay federal and state governments money with the expectation they'll get services such as paved roads and operating national parks (a return).

But a new report by WalletHub, the personal finance site, indicates that certain states receive a much higher return on their tax investment.

Using more than 23 metrics to look at five different categories, the report identified the states with the best taxpayer ROI for 2017.

According to the report, "Red States," or Republican states, get a much bigger bang for their buck when it comes to their tax dollars with an average ranking of 21.07, compared with "Blue States," or Democratic states, which have an average ranking of 32.15.

Here are some other key findings:

  • "Nebraska has the lowest proportion of major roads in poor condition, 5 percent, which is 8.8 times lower than in Connecticut, the state with the highest at 44 percent.
  • "Vermont has the lowest number of violent crimes per 1,000 residents, 1.18, which is 6.2 times lower than in Alaska, the state with the highest at 7.30.
  • "New Hampshire has the lowest infant mortality rate per 1,000 live births, 4.18, which is 2.2 times lower than in Mississippi, the state with the highest, 9.27."

Following are the top nine states with the highest return on investment for their tax dollars:

​​​​​​
9 PHOTOS
9 states where taxpayers get a high return on their tax investment
See Gallery
9 states where taxpayers get a high return on their tax investment

9. Texas

Total taxes paid per capita rank: 12

Overall government services rank: 28

Source: WalletHub

8. Missouri

Total taxes paid per capita rank: 5

Overall government services rank: 37

Source: WalletHub

7. Utah

Total taxes paid per capita rank: 18

Overall government services rank: 10

Source: WalletHub

6. Colorado

Total taxes paid per capita rank: 14

Overall government services rank: 11

Source: WalletHub

5. Alaska

Total taxes paid per capita rank: 1

Overall government services rank: 50

Source: WalletHub

4. Virginia

Total taxes paid per capita rank: 15

Overall government services rank: 8

Source: WalletHub

3. Florida

Total taxes paid per capita rank: 3

Overall government services rank: 34

Source: WalletHub

2. South Dakota

Total taxes paid per capita rank: 9

Overall government services rank: 16

Source: WalletHub

1. New Hampshire

Total Taxes Paid per Capita rank: 2

Overall Government Services rank: 5

Source: WalletHub

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

See Also:
Tesla is about to confront dueling best- and worst-case scenarios, and anything could happen
The Jaguar XE 35T is a great car — but it's up against some tough competition
Inside the exclusive New York gym where Hugh Jackman, Victoria's Secret models and Wall Streeters work out

SEE ALSO: These are the watches worn by the most powerful CEOs in the world

Filing an Income Tax Extension

If you aren't able to complete your federal tax return by the April deadline, find out how and when to file for an IRS extension with these tips from TurboTax.

Read More

Brought to you by TurboTax.com

What is a CPA (Certified Public Accountant)?

A CPA (Certified Public Accountant) is an accounting professional licensed and credentialed by a state or territory to offer accounting services, including tax preparation, to the public.

Read More

Brought to you by TurboTax.com

How to File an Amended Return with the IRS

If you've made an error on a tax return you already filed or simply come across new information, such as a tax deduction or credit you now realize you qualify for, file an amended tax return to make the correction. The Internal Revenue Service (IRS) knows the tax code is complex, and that people make mistakes. The process for filing an amendment is straightforward. Simply file Form 1040X, Amended Tax Return, along with the corrected or additional documents you did not originally file with your return.

Read More

Brought to you by TurboTax.com

2018 Tax Reform Impact: What You Should Know

Congress has passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2018 tax year.

Read More

Brought to you by TurboTax.com
Read Full Story
Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.