Where you live can make a lot of difference in how far your retirement dollars stretch, and the story goes way beyond which states have no income tax. Originally appeared in Kiplinger:
By Kiplinger Personal Finance Magazine
Best: No. 1, Alaska
State income tax: None
State sales tax: None
Inheritance tax: No
Taxes? The Last Frontier State actually gives residents money for living there, distributed from its Permanent Fund, an oil wealth savings account administered by the state: Every man, woman and child who has lived in Alaska for at least one year received a 2009 dividend of $1,305. There's no income tax, no state sales tax, and only 25 municipalities even levy a property tax. Some municipalities impose local sales taxes of up to 7%, however.
I would like to add that Alaska has many services for the elderly, retired, veterans and low income individuals.
In addition, Alaska also offers:
Heating Cost assistance:
Subsistence Hunting, Fishing and Trapping permits;
Low cost licenses for anyone over 60;
Low unemployment compared to the Lower 48;
Consistent values for your home investment;
Clean air, fresh water and a friendly attitude.
Who’s No. 2?
Best: No. 2, Wyoming
Alaska Cities, Towns and Villages INFO Click Here -
Real Estate: Are you looking for dirt? That dirt could be bare land or it could include
a home or business. Dirt comes in many shapes and sizes. For example it could consist
of a small 5,000 square foot lot or it could be a large ranch with thousands of acres.
In fact it could consist of a private island with a thatch hut or one with a “Mega-
Click the photo for Gold Mining Claim