Tax-Free Dream Or Costly Nightmare? The Truth About Living In States With No Income Tax [Yahoo! Finance]
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Although you may initially keep more of your paycheck, the story doesn't end there. These states often make up for lost revenue by increasing other costs, which are climbing fast. Don't Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it Elon Musk has reportedly bought 6,000 acres of land just outside of this city. Here's how to invest in its growth before he floods it with new tech workers. Some states without an income tax have higher housing costs, utilities or other expenses. Property taxes may be substantial, especially in areas with high housing costs, and sales taxes can add up quickly on everyday purchases like groceries. While the lack of income tax might seem like a win, it's important to consider the overall financial picture before moving to a no-income-tax state. The states with no income taxes are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyom
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