No Income Tax States
How to Benefit from Geo-Arbitrage
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Everyone wants to have lower taxes.
Being in the United States, you owe federal tax and state tax.
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A way to accomplish having a lower tax bill is to live in a state with no income taxes.
As of 2021, nine states are considered no income tax states.
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The great thing about these states having no income tax is that you can earn as much as you want,
without paying income tax to the state government.
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Here is a list of no-income-tax states:
States With No Income Tax
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Alaska
Florida
Nevada
New Hampshire
South Dakota
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After looking at these states, you may wonder how these states generate revenue.
These no income tax states use sales and property tax primarily for their revenue.
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As we look at the pros and cons you might realize the implications that need discussing.
Ideologically speaking, we have two sides to the taxation issue.
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