Delaware has second lowest personal tax burden in U.S.

Delaware is ranked 49th in the country for personal tax burden.

That’s according to a Delaware Business Now article, which covered analysis from WalletHub that compared the property, individual income, and sales and excise taxes of each of the 50 states. Delaware has “the ability to use personal nontax revenues to pay for state operations,” according to the article.

The state also has a low real estate property tax as well as the lowest vehicle property tax.

Low taxes have made Delaware a business friendly state; in 2016, it was named the 5th best state in the U.S. to start a business