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There are 7 states with no income taxes. Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income.

But before you move, take a look at other taxes that will impact your lifestyle, like sales and property taxes. Consider property taxes as they would be assessed in the type of home you'd want to live in.

For example, CA has very low property tax rates, but homes are so expensive, tax bills of $12K and more per year are normal. However, they also cap seniors who are home owners from increases.

Income taxes are but one consideration when considering total cost of living for any location.

2006-06-24 07:32:17 · answer #1 · answered by Lori A 6 · 1 0

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