States with no income tax?

  1. 0
    I've talked to a banker recently and found out that in some states people don't have to pay any income tax whatsoever. If I remember correctly those states include Florida, Washington, Nevada and a few others. Let's face it - paying 25% of your salary on top of other expenses like student loans, mortgages and bills is not much fun and not much money is left (we are not making millions here, right?). On the other hand, those states without income tax have other ways to compensate the difference, like high property tax and high taxes on regular purchases. I wanted to ask the nurses who live in those states without income tax if you feel like your gross income can fully compensate for higher living expenses?

    Any other opinions?
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  3. 22 Comments so far...

  4. 3
    There is no state income tax here in TN. I do not feel the property taxes are high, at least where I live, plus I live in the county. The sales tax is what gets you here, 9.5%. But honestly it would be weird having income tax now that I have lived here for a few years.
  5. 5
    I lived in FL and now live in a state and a city that has income tax. It also snows in the wintertime.

    I guarantee you, I make it much better financially here than I ever did in FL.

    While it might be okay to live in FL as a retiree, it is an absolutely abysmal place to work as a nurse and not that great a place to live as a working person.
  6. 6
    No income tax in WA but sales tax up the yin-yang. The trick is to live near the OR border where there is the opposite -no sales tax but income tax up the wazoo. Then you can live in WA and shop in OR!
    zibi, tntrn, Carrie RN, and 3 others like this.
  7. 0
    Does TX have an income tax? I had heard FL and TX don't have. But sometimes the life is more expensive in certain areas therefore tax breaks not helping very much.
  8. 0
    Quote from JNursee
    I've talked to a banker recently and found out that in some states people don't have to pay any income tax whatsoever. If I remember correctly those states include Florida, Washington, Nevada and a few others. Let's face it - paying 25% of your salary on top of other expenses like student loans, mortgages and bills is not much fun and not much money is left (we are not making millions here, right?). On the other hand, those states without income tax have other ways to compensate the difference, like high property tax and high taxes on regular purchases. I wanted to ask the nurses who live in those states without income tax if you feel like your gross income can fully compensate for higher living expenses?

    Any other opinions?
    I've lived in NV (almost) my entire life and I have always paid income tax of about 20% for legit jobs. From what I understand income taxes are federal, not state, so you should be paying them no matter where your live. We also have sales tax of 8.1% and property taxes depending on the value of your home (reasonable compared to other states). What we don't have here is state/city/county tax.
  9. 2
    Those states still pay federal income tax. Just not state income tax.
    Surprised1 and Esme12 like this.
  10. 0
    I have lived in Florida for 40+ years. I have been a tax payer for a good 25 of those years.

    Your question is extremely open and confusing.

    When you say "Income Taxes", I think Federal Income Taxes. I believe you are trying to ask about "State Income Taxes". We do not have SIT here in Florida. Our State Sales Tax is 6% on everything but food. Each county runs a little different when it comes to property taxes. Now home owners insurance will kill you if you can even get it. We are every seasonal, some areas more than others. It's hot, rainy & muggy almost 8 months out of the year, again depends where you live. I live near the swamp in the deep south of Florida.

    Hope that helps.
  11. 2
    As others have said you would still pay federal income taxes. You also still pay state taxes, just in a different form, mainly in sales and excise taxes. States that don't have a state income tax still have to get basically the same revenue, they'll just get it from you in a different way.
    Esme12 and elkpark like this.
  12. 0
    Last edit by hope3456 on Jul 12


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