No Income Tax States: How to Benefit from Geo-Arbitrage

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Living in a no income tax state is all about your finances. There are a couple of factors that can affect your decisions.

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It would help if you thought it was worth it, so you save money on your income. Do realize that these states impose other types of taxes as well to raise money.

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Why Move to One of the No Income Tax States?

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Does Living in a No Income Tax State Save You Money?

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Saving a good chunk from income tax will allow you to not worry as much about the sales and property taxes.

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Not a Big Spender

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Since income tax is a non-revenue builder for these states, they need to have higher property taxes.

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Public Services Are Not a Priority

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Visit WealthyNickel.com to learn how to save money and invest!

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No Income Tax States: How to Benefit from Geo-Arbitrage

No Income Tax States: How to Benefit from Geo-Arbitrage

Living in a no income tax state is all about your finances. There are a couple of factors that can affect your decisions.

It would help if you thought it was worth it, so you save money on your income. Do realize that these states impose other types of taxes as well to raise money.

Why Move to One of the No Income Tax States?

You do not need to pay income taxes on your income, which means you can keep more of your money and use the savings to invest the money.

Does Living in a No Income Tax State Save You Money?

The perception is that the less income tax you pay, the more you can save. That is true in that assumption.

Saving a good chunk from income tax will allow you to not worry as much about the sales and property taxes.

High Income

Not a Big Spender

Living in Washington State, you can reap the benefits of having no income tax and then drive to Oregon to pay no sales tax, and saving you a great deal in taxes.

Since income tax is a non-revenue builder for these states, they need to have higher property taxes.

You Own No Property

Public Services Are Not a Priority

With fewer taxes, infrastructure, education, and other public services will not be as funded, and it is just not as high a priority for these states.

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Visit WealthyNickel.com to learn how to save money and invest!

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