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What's the best state for tax purposes?

What's the best state for tax purposes?

Old Mar 23rd 2008, 5:09 pm
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Default What's the best state for tax purposes?

Which states have the lowest income tax, state tax, business tax, etc?

Florida springs to mind.
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Old Mar 23rd 2008, 5:12 pm
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Default Re: What's the best state for tax purposes?

It depends what you mean by "best", doesn't it? If you mean where you pay the least tax, that's one thing, but if you're talking about where you get the best deal in terms of taxes paid vs. public services back, that's a completely different thing.
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Old Mar 23rd 2008, 5:16 pm
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Default Re: What's the best state for tax purposes?

lowest tax irrespective of services
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Old Mar 23rd 2008, 6:07 pm
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Default Re: What's the best state for tax purposes?

NOT Maine that's for sure
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Old Mar 23rd 2008, 6:09 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by hulk_hogan View Post
Which states have the lowest income tax, state tax, business tax, etc?

Florida springs to mind.
Let it spring out again ....
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Old Mar 23rd 2008, 6:11 pm
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Default Re: What's the best state for tax purposes?

Alaska. No state sales tax, no income tax.
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Old Mar 23rd 2008, 6:12 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by hulk_hogan View Post
lowest tax irrespective of services
A quick Google search for "state taxes" will find you lots of information about this. including:

"The best and worst states for taxes" from MSN Money

"Taxes by State" from The Retirement Living Information Center

"State tax roundup" from bankrate.com

and there are lots more ...
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Old Mar 23rd 2008, 6:13 pm
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Default Re: What's the best state for tax purposes?

ok, so going back to what lapin said, if the tax is so low, what do you loose out on?
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Old Mar 23rd 2008, 6:15 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by RoadWarriorFromLP View Post
Alaska. No state sales tax, no income tax.
Yes but, unfortunately, you have to live in Alaska
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Old Mar 23rd 2008, 6:16 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by md95065 View Post
Yes but, unfortunately, you have to live in Alaska
Yes, it does. Makes paying taxes seem like a good thing, doesn't it?
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Old Mar 23rd 2008, 6:17 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by hulk_hogan View Post
ok, so going back to what lapin said, if the tax is so low, what do you loose out on?
That the fun bit finding out ...try Mississppi for a trip...
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Old Mar 23rd 2008, 6:18 pm
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Default Re: What's the best state for tax purposes?

Even if you live in the most heavily taxed state, Maine (which collects an average of 13.5% of residents' income),
I knew it!!!!
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Old Mar 23rd 2008, 6:21 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by Ray View Post
That the fun bit finding out ...try Mississppi for a trip...
i'll get shot
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Old Mar 23rd 2008, 6:32 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by hulk_hogan View Post
i'll get shot
probably ..but it will be an experiece ....
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Old Mar 23rd 2008, 6:35 pm
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Default Re: What's the best state for tax purposes?

Originally Posted by Ray View Post
probably ..but it will be an experiece ....

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