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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VIDEO ON MSN MONEY

75Comments
Nov 17, 2012 5:47PM
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But who would want to live there?
One sort of gets what one pays for.
Richard

Nov 17, 2012 5:41PM
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Why isn't property tax mentioned???
Nov 17, 2012 5:35PM
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It seems like someone took a hatful of states and picked the first 10 for results of nothing.

Is it me or is the media making up stories to fill up space on the computer???

Nov 17, 2012 5:12PM
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How is it possible for a company to offer full pension to someone who had to retire early (after 22 years) because of cancer, then turn around and take half of that pension back all because that person applied for and received Social Security Disability Income?  That SSDI and the pension is all that person is receiving and it doesn't even cover his food and housing bill.  Is what that company doing legal?  I don't think so.  By the way, the company is Chrysler (before Fiat took over).
Nov 17, 2012 5:03PM
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The article is partially incorrect about Louisiana.  They do tax state pensions for persons receiving pensions from another state.  We live in Louisiana and my wife retired from Mississippi as a teacher.  Her "Mississippi Teacher's retirement" is taxed in Louisiana. If she had retired as a teacher from Louisiana, her retirement would not have been taxed.   Also, the article leads one to believe that there is no sales tax on Food and Drugs.  The State of Louisiana doesn't tax them, but local governments can tax them and many do.
Nov 17, 2012 4:54PM
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Texas was not listed, low cost of living, and no state income tax??

Nov 17, 2012 4:51PM
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Well Alaska is the least taxed state in the union according to this article but too damn cold and house prices are high so what is the difference. What are the residents going to do when Alaska gets returned to Russia for free just like the 7 islands Obama gave Russia last month? eh
Nov 17, 2012 4:36PM
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When normal, middle income, people retire they are usually "cash strapped" and looking for warmer places to retire.

Some of these states have a cost of living that requires a high income, such as Alaska while others are so frigid, like Wyoming (and Alaska) that makes it unattractive for the older retiree. 

Someone at MSN should filter these articles as they are all over the place and not well constructed for the real people who retire on limited funds.
Nov 17, 2012 4:15PM
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