The 10 Most Tax-Friendly States in the U.S.

The economy is booming, with the unemployment rate at the lowest level in nearly 50 years. Wages have remained relatively stagnant, though, and for many workers, the only way to get a raise is by changing jobs, which sometimes means moving to another city or state.

But before you start packing, check out the cost of living in your prospective employer’s city. You’ll want to look at the cost of housing, of course, and don’t overlook the impact of state and local taxes on your bottom line. Our annual guide to state taxes shows that tax rates are literally all over the map – and the difference between living in a high-tax or a low-tax state can be thousands of dollars each year, depending on your tax situation.

Updated for 2018, here is our list of the 10 most tax-friendly states in the U.S. The top five states on our list have no state income tax at all. Take a look.

SEE ALSO: TAX MAP: State-by-State Guide to Taxes

SEE ALSO: SLIDE SHOW: 10 Least Tax-Friendly States

from Kiplinger’s Personal Finance http://bit.ly/2C9Zk5V
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