Another consideration is that someone building wealth through investments faces one set of challenges if they live in Washington, where they have to work on capital gains and high estate taxes, when compared to New York residents, who have higher income taxes but don't have a special capital gains rate. If you happen to live in any of 10 10 states listed below, like New York and California, you're experiencing a tax burden of more than $8,000 per person.Understanding why a state collects so heavily matters ...