States With No Income Tax

As you know, paying taxes is a loop. Payment of federal taxes is the highest burden, but the state can quickly add up to income tax as well. However, there are few states without income taxes. Depending on their income, you can use the hundreds or thousands of dollars per year if the tax office at all times.

There are seven glorious country with no income tax. Without order, which are as follows:

* Alaska
* Florida
* Nevada
* South Dakota
* Texas
* Washington
* Wyoming

Two other techniques that collect income tax, but not for all practical purposes. You are Tennessee and New Hampshire. Both did not collect a tax on their income, but raising taxes, if you receive dividends. In tax law, dividends are technically as income, ie, Tennessee and New Hampshire are still technically country without income tax.

At first glance, a lack of income may seem a good thing. In general, it is true, but it needs attention. Many of these countries make the difference in tax collection in other respects. You can crank the volume of business or property taxes, for example. The approach varies from country to country, but generally do something. The exceptions are Alaska and Nevada. Alaska directs most of its money from the oil company. How can probably guess, Nevada, the difference between the casinos.

If you consider moving to another state, taxes are something you should consider. During a factor that probably not a priority in his decision.