Top tax-friendly states for retirees

Want to retire to a place where state income and sales taxes, plus inheritance and estate taxes, aren't a burden? Consider these 10 states.

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59Comments
Nov 27, 2012 9:52PM
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Alaska has no sales tax , no income tax, and oil dividend that pays you, sounds great. Also gas at over $4 a gallon, electricity at 25 cents a kwh, heating oil $4 plus per gallon and natural gas at 5 times the national average. High rents, food, medical, etc. I was born there, educated there, worked and retired there. Moved to where I pay sales tax, income tax etc. still about 25% lower cost of living and it is not -30 with 2 hours of day light.
Nov 28, 2012 2:04AM
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The best "state" to retire in is one where you are healthy and you don't have any debt and you have ample savings.

 

The rest of this article is just hog wash. You are going to pay through the nose Fed taxes to more than make up 2 or 3 percent in state taxation.

 

Defeat the goverment spenders by saving your money and paying down your debt. You have control over that at least.

 

Nov 27, 2012 9:55PM
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What a joke.  My wife is a realtor.  We owned a home on Sullivan's Island, SC and put a for sale sign on it.  We received a letter from the Town of Sullivan's Island demanding that we buy a business license for marketing our own home.  SCV taxes you evey time you pee.
Nov 28, 2012 2:27PM
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How could you have missed TEXAS, no State Tax, no SNOW south of I 20, great economy, low cost of living, great eateries and the friendliest folks you could ever meet... 
Nov 28, 2012 7:37AM
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Wouldn't New Hampshire be near the top if not at the top of this list as they have no sales tax and no income tax?  New Hampshire is not on this list.  Why not?  Another point is that business study each other to find a good plan for themselves.  So what I would like to know is,  why aren't all the other state administrators flocking to New Hampshire to find out how they get along just fine without income and sales tax? 

Nov 27, 2012 10:33PM
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what difference does it make? isn't 1/2 the country on the Obama retirement plan already? everything on these comments is exactly

what's wrong with Obama's socialist agenda and democrats! more taxes higher fuel energy food prices regulations!

Nov 28, 2012 8:19AM
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Not sure how Louisiana made the top ten.  State income tax, very high sales tax, high property taxes and in places like New Orleans, the public schools are so bad everyone sends their kids to private school. Don't retire in La.
Nov 28, 2012 10:50AM
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I live in the south and you cannot beat GA, Fl, and SC for retirement or for quality of life.

Nov 27, 2012 8:39PM
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Texas used to be "tax Friendly", but now pRick Perry has raised property taxes sky high.
Nov 27, 2012 10:05PM
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One more thing, when we had to pay $ 200.00 (plus costs) to retrieve our  5 lb minpinscher from yhe pound after she escoaped from a fenced yard., we did so.  We have moved to North Charleston where the fine is $ 1,000.00 for a dog that escapes form the yard, so we cannot afford to let the dog go outrside..  This is roberry at worst, at best taxation.  

Nov 27, 2012 9:28PM
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Complete **** Montana is not right next to alaska!
Nov 29, 2012 8:17AM
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These cities are in the states that another article, in this same forum, recommended as not fit for retirees as they had high crime rates, too many people below the poverty rate and local health and safety issues. 

Can the editors please compare the submitted articles to others before publishing them? 

This is really haphazard reporting!
Nov 29, 2012 11:03AM
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Don't worry, Nevada has other taxes that make up for the loss of state income taxes. You ain't going to get something for free in Nevada.
Nov 28, 2012 6:34PM
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Where the hell is Texas.  unless there has been a major change, Texas had no state income tax when I lived there and/or reported my income tax from there 1976 to and including 1980.

 

p.s. it seems that sales and property as well as retirement duns in Texas at least warrants an honorable mention in the article if not a position in the top 5.

 

 

 

Nov 28, 2012 2:47PM
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The state taxes aren't what get you ... it's the Fed taxes?? 2013 taxes will go up for everyone in the country and health care is another cost that is a killer. The best state there is for taxes is the Caymans!! Move your residency and and money to the Caymans and tell Obama to stuff all of his taxes. Plus the weather is great. What you save in Fed taxes, you can buy a boat and totally relax cutting down on your need for health care!
Jan 22, 2013 12:08PM
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The best way to determine how much money any state will suck out of you is farily easy. Any state that votes blue, run by the Dumbocrats and has a large lack of public service workers union members is ones you should stay away from. NY, NJ, CT, Mass, Ill, Pa,Ca need I say more.
Nov 28, 2012 10:47AM
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Why isn't TN on the list. No Sate Income Tax . Sales tax is high, but costs are low.
Jan 22, 2013 9:28AM
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Florida has no income tax   property taxes are cheaper and thats why so many people who retire move here.
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property taxes in louisiana are not high with homestead exemption and state income tax

is very small and yes new orleans schools are horrible as are most public schools in louisiana,

however why anyone retiring give a damn about schools. the private schools are excellent i

might say. everyone knows whats wrong with our schools but stating it is politically

incorrect

Nov 28, 2012 10:38AM
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seems lowest cost would be where you don't need to heat or cool. the savings would overcome any tax difference. yea ohio sux on this factor, the only state where you use your furnace and a/c in a 24 hour period.
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