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10 Best States to Live In for Taxes

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The Internet has given rise to a mobile workforce of telecommuters, independent contractors and entrepreneurs who can work where they want to live, instead of living where they have to work. But if you enjoy this kind of flexibility, proximity to ski slopes or beaches shouldn’t be your only criteria. You should also calculate how much state taxes will extract from your paycheck and pocketbook.

The differences from state to state can be dramatic—and confusing. Some states with low income taxes make up the difference with above-average property taxes (we’re looking at you, Texas), which is an important consideration if you’re a homeowner. And most states allow cities and counties to add their own sales taxes to statewide sales levies, boosting combined sales taxes in some cities to 10% or more.

Here is our list of the 10 states with the lowest state taxes. Before you start packing up your U-Haul, though, consider the trade-offs. Some states that have aggressively cut taxes have come under fire for cuts in social services, roads and education. You may be willing to pay above-average property taxes in exchange for excellent schools.

Take a look.

10 Best States to Live In for Taxes



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