The states that tax their residents the least are: Alaska, Florida, Nevada, South Dakota, Texas and Wyoming.
If your looking for a place to move Alaska might even pay you a dividend of between $1000-$2000 per person per year if you qualify.
Don’t like the cold? Florida has no tax and lots of sunshine.
South Dakota and Wyoming offer open spaces along with no income tax.
Here is the tax scoop on the lowest tax states:
- Alaska has no state-level sales tax or individual income tax, but it does have a local sales tax in some areas.
- Florida has no individual income tax, but it does have a sales tax.
- Nevada has no individual income tax, but it does have a sales tax and property taxes.
- South Dakota has no individual income tax or corporate income tax, but it does have a sales tax and property taxes.
- Texas has no individual income tax, but it does have a sales tax and property taxes.
- Wyoming has no individual income tax, but it does have a sales tax and property taxes.
