States with no State Income Tax will see:
1. Huge Population Growth
2. Largest increases in Auto Sales
Nevada, Florida will be the leaders.
Sentiment: Strong Buy
If you are a low income or a no income family you want to live in the highest income taxed states, you get a bigger bang for your welfare buck! Just look at the northern states and who they attract as citizens!
I would relocate to a 'no income tax' state immediately if I did not own a house that you can't sell at a reasonable price and it filled with too much junk
You see it every day people trying to reduce their taxes, even Kerry parks his yatch in the neighboring state because taxes are less.
The golfers, Tiger has relocated to
Florida and Phil is talking about it. A million have already left California and many millionaires have lefte NJ.
In the words of one employer, "The only way you can increase your bottom line is to cheat the gov't". If middle and lower class citizens computed their total taxes paid it is very close to 50%. Count up: Federal income tax; city taxes; county taxes; state taxes real estate tax; sales tax; a biggie-hidden taxes . . . .
Texas Alaska, & Arizona too, no State income tax.
Arizona collects income taxes from its residents at the following rates:
For single and married filing separately taxpayers:
-- 2.59 percent on the first $10,000 of taxable income.
-- 2.88 percent on taxable income between $10,001 and $25,000.
-- 3.36 percent on taxable income between $25,001 and $50,000.
-- 4.24 percent on taxable income between $50,001 and $150,000.
-- 4.54 percent on all taxable income more than $150,000.
For married persons filing joint returns and heads of households, the rates remain the same but the income brackets are doubled.
Arizona income tax forms are due April 15, or the next business day if that date falls on a weekend or holiday.
Arizona law requires a taxpayer to add certain items to Arizona gross income. One of the items a person must add is interest income from non-Arizona municipal bonds.
Tiger Woods admits he left California because of high tax ...
Tiger Woods said that he left California for Florida in 1996 because the tax rates were too high. Woods, who is worth an estimated $600million, was referring to
Sentiment: Strong Buy