What states have no taxes?

As of 2025, nine U.S. states have no broad-based personal income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

What is the most tax-friendly state?

• South Dakota. #1 in Low Tax Burden. #8 in Best States Overall. ...
• Florida. #2 in Low Tax Burden. #6 in Best States Overall. ...
• New Hampshire. #3 in Low Tax Burden. ...
• Tennessee. #4 in Low Tax Burden. ...
• Wyoming. #5 in Low Tax Burden. ...
• Missouri. #6 in Low Tax Burden. ...
• Texas. #7 in Low Tax Burden. ...
• Oklahoma. #8 in Low Tax Burden.

Is it better to live in a state with no income tax?

The absence of income tax can lead to reduced funding for essential public services, such as education and infrastructure, impacting the quality of life. Although no income tax may attract new residents, the overall cost of living in these states can still be relatively high, complicating financial advantages.

What states are completely tax free?

Eight U.S. states currently have no state income tax whatsoever: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. Up until 2025, New Hampshire only taxed interest and dividend income.

What is the best state to move to avoid taxes?

Last updated: May 2025. As of 2025, nine U.S. states levy no personal income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. For high-net-worth individuals, understanding the nuances of these tax structures is crucial for effective financial planning.

Trump's America: 5 RED STATES Eliminating Property Tax in 2026 - Time To Escape Blue States?

What's the worst state for taxes?

Here are the current states with the highest state taxes, including states with the highest top rates or flat rates:

• California (12.3%, with 1% tax on income in excess of $1 million)
• Hawaii (11%)
• New York (10.9%)
• New Jersey (10.75%)
• District of Columbia (10.75%)
• Oregon (9.9%)
• Minnesota (9.85%)

How much an hour is $70,000 a year after taxes?

Quick Answer: $33.65 Per Hour

A $70,000 annual salary equals $33.65 per hour in California before taxes. After federal and state deductions, your take-home pay ranges from $43,500 to $52,000 annually ($3,625-$4,333 monthly).

What is the cheapest state to live in with no income tax?

States with the lowest personal income tax rates

• Alaska.
• Florida.
• Nevada.
• South Dakota.
• Tennessee.
• Texas.
• Wyoming.
• New Hampshire.

How much is $70,000 a year after taxes in California?

If you make $70,000 a year living in the region of California, United States of America, you will be taxed $17,665. That means that your net pay will be $52,335 per year, or $4,361 per month. Your average tax rate is 25.2% and your marginal tax rate is 41.0%.

Is it possible to legally avoid income tax?

Tax avoidance lowers your tax bill by structuring your transactions so that you reap the largest tax benefits. Tax avoidance is completely legal—and extremely wise. Tax evasion, on the other hand, is an attempt to reduce your tax liability by deceit or concealment. Tax evasion is a crime.

What is the best state to live in financially?

There's no single "best" state, as it depends on your priorities (low taxes vs. high wages), but Washington, Texas, Florida, Utah, and New Hampshire consistently rank high due to no income tax, strong economies, or low cost of living, with states like Arkansas, Alabama, and Tennessee offering very affordable options if budget is key. Key factors are state income tax, housing costs, job market strength, and overall affordability. 

What state has no property tax?

Sadly for investors, the answer is no, there are no states without property tax. This is because property tax is a useful way for local governments to fund public services such as schools, fire and police departments, infrastructure and libraries. There is a caveat to this though.

What is the downside of no income tax?

Having no state income tax can translate to lower revenue for individual states. This may result in lower state spending on many basic services, such as education and infrastructure, which can reduce your quality of life.

Which state is the most affordable?

Mississippi and West Virginia consistently rank as the most affordable states, with Mississippi often taking the top spot due to extremely low housing, groceries, and taxes, while West Virginia also boasts a very low cost of living index, particularly for housing and utilities, though some housing shortages exist. Other very affordable states include Alabama, Arkansas, Oklahoma, and Kansas, all offering lower costs for essentials like housing, groceries, and transportation compared to the national average.
 

What states are tax havens?

Top Tax-Friendly States for Retirees

• Alaska. Alaskans are able to keep a great deal of their hard-earned money due to the state's lack of income and sales taxes. ...
• Florida. ...
• Nevada. ...
• South Dakota. ...
• Texas. ...
• Wyoming. ...
• Social Security Benefits. ...
• Pension Income.

Is it better to rent or buy in retirement?

Renting vs. buying in retirement involves a trade-off between flexibility/less responsibility (renting) and stability/equity (owning), with renting offering freedom to move and no maintenance worries but rising costs, while owning provides fixed housing costs (if paid off) and potential appreciation but requires upkeep and commitment, making the best choice highly personal, depending on your finances, health, and desired lifestyle. 

What is considered a good monthly income?

A good monthly income is subjective but generally allows for covering living costs, saving, and discretionary spending, often falling in the $6,000 - $8,300 range for individuals in the U.S., though this highly depends on location (high-cost cities need much more) and lifestyle. Key benchmarks include median U.S. income (around $5,200/month for full-time workers) and using budgeting rules like 50/30/20, where 50% goes to needs, 30% to wants, and 20% to savings/debt. 

How to get a $10,000 tax refund?

While a $10,000 tax refund might sound like a dream, it's achievable in certain situations. This typically happens when you've significantly overpaid taxes throughout the year or qualify for substantial tax credits. The key is understanding which credits and deductions you're eligible for.

What salary do I need to buy a house?

Massachusetts: $215,696 (annual median income required) California: $210,557. New York: $189,207.

What is the #1 state to live in the US?

1. Massachusetts. According to WalletHub's study, Massachusetts is the best state to live in, excelling in all key factors—and earning the top spot in the ranking. It has the lowest premature death rate in the US, and residents earn a cushy median household income of over $101,000.

What is a flat tax state?

A flat tax is a single percentage income tax rate applied to all taxpayers regardless of income. A flat tax rate eliminates all deductions and exemptions. Most flat tax systems do not tax income from capital gains, dividends, distributions, or other investments.

What is the best state to move to if you are poor?

• New Hampshire. #1 in Low Poverty Rate. #2 in Best States Overall. ...
• Utah. #2 in Low Poverty Rate. #1 in Best States Overall. ...
• Minnesota. #3 in Low Poverty Rate. ...
• Colorado. #4 in Low Poverty Rate. ...
• Maryland. #5 in Low Poverty Rate. ...
• Vermont. #6 in Low Poverty Rate. ...
• New Jersey. #7 in Low Poverty Rate. ...
• North Dakota. #8 in Low Poverty Rate.

What is $90,000 a year hourly?

$90,000 a year is approximately $43.27 per hour, based on a standard 40-hour workweek (2,080 hours per year). To get this, you divide your annual salary by the total working hours: $90,000 / 2,080 = $43.27. 

Is a 70K salary rich?

According to the Bureau of Labor Statistics's most recent data (May 2022), the average salary nationwide is $61,900, which means that $70,000 is a common salary — but above the national average.

What is $40 an hour annually?

$40 an hour is $83,200 annually, assuming a standard 40-hour work week (40 hours/week x 52 weeks/year). This breaks down to about $1,600 weekly, roughly $6,933 monthly, and $320 daily, before taxes and deductions.