I live in Florida and know we don’t pay state income tax. I have been trying to find a web site that lists the other states that also don’t have state tax. Can anyone help? Thanks
Search engines rule!!
Just go [here](http://www.ask.com/main/FinalAnswer.asp?qCategory=FIN_&Link=http%3A%2F%2Fwww.thirdage.com%2Fnews%2Farchive%2F981024-04.html&Title=ThirdAge-+News&Answers=1&ajparam_ fillers=&ajparam_qid=277&site_name=Jeeves&scope=web&ask=What+states+have+no+income+tax%3F&origin=0&metasearch=yes)
The article and related links should answer most of your questions.
We went right out there and refused to do accoustical versions of the electrical songs that we had refused to record in the first place.
Well, that obviously didn’t work well at all. Anyway, just copy the link and go to it.
Thanks MULLINATOR but your answer came out totally unreadable. Don’t know what happened.
Well, for starters, we don’t have state income tax in Alaska…
Thanks guys. I found the states. There are 10
Alaska
Florida
Nevada
New Hampshire
New Mexico
South Dakota
Tennessee
Texas
Washington
Wyoming
?
Unless things have changed, New Mexico does have a state income tax…I always had to fill out a second form when I lived there. I can’t imagine that they changed that within the last five years…I’ll do some checking, though.
New Mexico is a special case, since some qualified taxpayers may pay a percent of gross sales instead of an income tax. This applies, I suppose, to certain small-business owners, but I’m not sure. Most people do pay an income tax, unless the law has changed in the last 3 years.
New Hampshire and Tennessee levy income taxes (5 and 6 percent, respectively as of 3 years ago) on interest and dividend income, but not on earned income. About a year ago N.H. was debating whether to institute a capital gains tax as well, but I don’t know if they ever did.
Have a friend that lives in Nashville, originally from Atlanta, she says Tennessee AND Georgia do not have state income taxes. I’m guessing Georgia recently started one?
Vis
I read in the Wall Street Journal within the last few days that some Floridians have to pay a state “Intangibles tax,” which amounts to a tax on capital, like the tax they have in Sweden. It amounts to a property tax on the value of stocks and bonds, levied every year and not just the years when you have income or profit from them.
Work is the curse of the drinking classes. (Oscar Wilde)
Washington doesn’t have a state income tax but we do have a fairly high sales tax (on everything but groceries) and, until the 1st of this year, a very high excise tax on automobiles.
The voters revolted against the automobile excise tax and it’s been eliminated leaving a big hole in the budget and the legislature can’t figure out what to do about it. They are starting on their second special session with four different proposed budgets: one from the Dems, one from the GOP, a state Senate version and a house version. They’re all willing to compromise but not with each other.
One idea is to create a state income tax. This wouldn’t be a bad idea, IMHO, as long as they used it to replace the sales tax rather than augment it. Income taxes tend to be less regressive than sales taxes and state income taxes are deductible on your federal return whereas state sales tax is not.
The problem is that the legislators will never make such a bold move and instead will propose a very small state income tax to go along with the sales tax. The tax will be so small (much less than 1%) that no one could possibly object. However, the camel will have his nose in the tent. I lived in Illinois when the state income tax was less than 1%. Can one of you Chicago dopers tell me what it is now? And has your sales tax gone up or down in the last fifteen years? I thought so.
“I’ll tell him but I don’t think he’ll be very keen. He’s already got one, you see!”