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Which US States have no Income Tax?

Thoughts of Americans are taxes this time of year...

         

gamiziuk

12:58 am on Feb 12, 2007 (gmt 0)

10+ Year Member



There was a discussion in the Adsense forum last year, "which countries are tax-havens?"

Well if you're an American (US Citizen) and you don't want to do something radical like abandoning your citizenship, there may be an option - Move to another US State that does not have Income Tax (collected on top of the Federal Income Tax). That might save you some money.

I moved to Florida ten years ago. No State Income Tax for Individuals here. There is some sort of Corporate Income Tax, but I am not familiar with the details. Counties and Cities are not allowed to take any taxes out of your paycheck - will take a Constitutional Amendment to change that. State Sales tax is 6% but can vary from one County to another (a county can collect extra sales tax). Property tax may be a bit high, depending on where you live.

New Jersey is the state I "escaped" from ten years ago - I know NJ has a hefty State Income Tax, plus State Unemployment Tax and State Disability Tax they take right out of your paycheck. Some Cities in NJ also take a "City Wage Tax" right out of your paycheck too. State Sales Tax was 7% last I heard. Property taxes high. New Jersey goes on the list of states you need to "escape" from.

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Apologies to non-US Citizens for starting this thread, no offense intended. But perhaps you will pick up some useful info if you decide to move to the US someday...

oneguy

3:54 am on Feb 12, 2007 (gmt 0)

10+ Year Member



I think...

Alaska, Nevada, South Dakota, Texas, Washington, Wyoming

New Hampshire and Tennessee have taxes on dividends and interest income. (but not a state income tax)

New Jersey - Between 1.4% - 8.97%

I found a nice comparison page. :)

LifeinAsia

4:52 pm on Feb 12, 2007 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



Several states (most notably California and New York) still hit you if you have income derived from those states. For example, if you have a rental property in New York or if you hit a big jackpot at an Indian casino in California and they issue you a 1099-G.

akmac

7:35 pm on Feb 12, 2007 (gmt 0)

10+ Year Member



Come to Alaska! Not only do we have no state income or state sales tax (we do have local sales tax of 6%-0varies from city to city) but the state pays us to live here. Last year was just over $1000 per resident. This year could be nearer $1500. Has been near $2000 in the past. Pretty nice for my family of four...

pageoneresults

7:42 pm on Feb 12, 2007 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Come to Alaska! Not only do we have no state income or state sales tax (we do have local sales tax of 6%-0varies from city to city) but the state pays us to live here.

What are the beaches like? ;)

And, is that a typo up there? 0varies

akmac

7:48 pm on Feb 12, 2007 (gmt 0)

10+ Year Member



There's actually quite a surfing community where I am-though they all wear wetsuits. We have more white beachs than any other US state. ;)

6 percent 0varies- men greatly outnumber women. As my wife is fond of saying "The odds are good... But the goods are odd."

The Contractor

7:49 pm on Feb 12, 2007 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



And, is that a typo up there? 0varies

I believe they tax women 6% ;)

MamaDawg

6:24 pm on Feb 13, 2007 (gmt 0)

10+ Year Member



Property taxes high. New Jersey goes on the list of states you need to "escape" from.

Ugh - that's for sure. "High" is an understatement. Try "exorbitant"!

Alaska's starting to look pretty good ...