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Best states for retirees seeking low taxes, costs
By Shannon Buggs
McClatchy-Tribune Services
Article Launched: 07/15/2007 01:47:06 AM PDT
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Or join the Free State Project, the Libertarian-influenced movement to recruit 20,000 people to move to New Hampshire because of its low taxes and loose regulations.
Go to www.freestateproject.org to learn more about New Hampshire, which has no general income tax, no general sales tax and the lowest taxes as a percentage of gross income nationwide, according to the project’s analysis.
Finally, to avoid paying state income taxes on retirement fund withdrawals, move to or remain in the seven states without a state income tax: Alaska, Florida, Hawaii, Nevada, South Dakota, Texas, Washington and Wyoming. Two others – New Hampshire and Tennessee – tax only dividend and interest income.
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