taxes

Want to keep more of your money? These states have no income tax

Alaska | BettyWiley/Moment/Getty Images

Alaska

The Last Frontier doesn't have a state sales or income tax -- for now. But with the dramatic drop in oil prices upon which Alaska depends heavily for revenue to pay for its state operations, the governor has proposed that the personal income tax, repealed in 1980, be reinstated.

See a quick snapshot of Alaska's tax rates.

Sources: State tax rates and individual state tax departments


Florida | PolaDamonte/Moment Open/Getty Images

Florida

In the absence of an income tax, the Sunshine State relies on sales taxes. Local government costs are covered by property taxes.

See a quick snapshot of Florida's tax rates.

Sources: State tax rates and individual state tax departments

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Nevada | GaryWeathers/Getty Images

Nevada

The Silver State's treasury collects almost a billion dollars each year in gambling-related taxes and fees.

See a quick snapshot of Nevada's tax rates.

Sources: State tax rates and individual state tax departments


South Dakota | RobynHodgson / EyeEm/Getty Images

South Dakota

To cover costs not paid for by an income tax, South Dakota's Department of Revenue Special Tax Division collects a variety of state taxes, including cigarette excise, bank franchise and alcoholic beverage taxes, and even a coin-operated laundromat license fee.

See a quick snapshot of South Dakota's tax rates.

Sources: State tax rates and individual state tax departments


Texas | ThomasNorthcut/DigitalVision/Getty Images

Texas

The Lone Star State depends on a state sales tax, with local jurisdictions collecting additional sales tax amounts and property taxes to help pay government bills.

See a quick snapshot of Texas' tax rates.

Sources: State tax rates and individual state tax departments

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Washington | ThomasNorthcut/DigitalVision/Getty Images

Washington

The Evergreen State remains in the no-income-tax fold thanks to its voters' rejection in November 2010 of a proposed income tax on Washington's wealthiest residents.

See a quick snapshot of Washington's tax rates.

Sources: State tax rates and individual state tax departments


Wyoming | KennanHarvey/Getty Images

Wyoming

In addition to no personal state income tax, the Cowboy State also forgoes a corporate income tax.

See a quick snapshot of Wyoming's tax rates.

Sources: State tax rates and individual state tax departments


New Hampshire | CappiThompson/Moment/Getty Images

New Hampshire

The Granite State doesn't tax wage income, but it does collect taxes on residents' dividend and interest income.

See a quick snapshot of New Hampshire's tax rates.

Sources: State tax rates and individual state tax departments


Tennessee | AmieVanderford Photography - www.amie.org/Moment/Getty Images

Tennessee

Volunteer State residents don't have to file a return to pay taxes on wages, but Tennessee does tax their dividend and interest income.

See a quick snapshot of Tennessee's tax rates.

Sources: State tax rates and individual state tax departments

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