What State takes the smallest tax bite from retirees?
106415
Depends on what type of taxes you're talking about.  Several states have no income tax, but have other types of taxes.\n\nHere's an article on CNN's site that talks about it, and has two links to useful lists.\n\nhttp://money.cnn.com/2005/04/08/real_estate/tax_friendly/index.htm
112786
in texas , we have no state tax. makes this great state sound even greater doesnt it? when i was in the navy, 4 of my friends that were in started giving me a dollar each mont for rent on my house in houston so they could be living in texas and not pay their own state tax.
922961
Yes, Finland is an example of where the "tax and spend" mentality kills new businesses.  However, we've got the "tax and spend" people here in the USA, and sometimes it can be vicious as well.  \n\nHere in the USA, a self-employed person has the following taxes:\n\n15.5% - Social Security "Contribution" (it's a tax)\n20% - approximate personal income tax on what they take home \n\nIn addition, some business have other taxes.  So, a good starting point is 40% which included the self-employed person's personal income tax.\n\nWhere we lose out here is that we must pay our own health insurance.  For my wife and me (just 2 people) we pay about $550 a month for a policy that still leaves me with around $200 a month in medical bills.  So, to make it equal with Finland, you're looking at $750 a month in medical bills.  \n\nOnce the business picks up, each employee costs the employer 7.5% of the employee's income in Social Security Taxes, plus the health insurance if that is offered.  The employer also has to pay taxes for that person's "workman's compensation" insurance in case they get hurt on the job.  And, the employer has to pay "unemployment  insurance" in case the employee must be fired.  \n\nMind you, our "Social Security" pays you barely enough to live on should you get disabled, and about $1000 a month when you retire -- not enough to live on by any means.  Social Security pays a slightly better amount to your children if you die before they are raised.
822740
You're mixing apples and oranges. And why shouldn't retired people be taxed. Aren't they still American citizens? Why should they be exempt? Some retirees are wealthy, you want to exempt them too? \nHonestly, I think some people in this world want to be taken care of by the government from cradle to grave!
261019
All states that tax wage income (all except Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming, New Hampshire and Tennessee) tax tips, because they are considered a wage.
1037514
what state?  minimum wage is different in every state.
904362
Texas has one...first link\n\nAnd I found national returns on the 2nd link...
157636
Every state pays some kind of tax - they get you in one way or another
9904
when you can get lower payments
260229
They keep that money. You can claim local taxes as a deduction on federal taxes though.
1154873
Do you live in a community property state? That makes a huge difference. I believe 401Ks are safe, but you ought to check in your state.
1148706
Texas has the advantage of being without a state income tax. I hear housing prices are starting to get high there,however. Louisiana is a tad humid for me. I'm sure If you want some type of construction or post disaster work you'll find it there. It's still quite a mess down that way. don't know about Georgia. Sorry.
542629
for which state?  choose below...
470744
you would pay taxes in the state you live in
742450
its close, and they have cheaper taxes
74372
I prefer SMALL government, and LOW taxes.
1120604
My guess would be no. They have a state income tax, coming from a highly taxed state - that is good. Health Care bill signed today for small business seems like a good idea too. I am ultra-conservative but not against the people who are trying to fend for themselves.