The 7 States With No Income Tax : Kavalante Ikkada Move Aipondi

[Nellore Pedda reddy]

[quote name='Brahmanandam_AFDB' timestamp='1365206405' post='1303553212']


Nee adda ade ani naaku information icharu mari...Anduke asked...[img]http://www.desigifs.com/sites/default/files/Brahmi-2_1.gif?1337103173[/img]
[/quote] evadu citi gadaa [img]http://www.desigifs.com/sites/default/files/hhhhhhhhh.gif?1344628027[/img]

[pandemkodi]

oregon lo sales tax vundadhu kada ikkada car kontey verey state ki move inapudu dmv lo register chesinchaka emina katta la aa slaes tax

[Steelers]

[quote name='Gajala frm Washington DC' timestamp='1365205059' post='1303553170']
Delaware also include chei..its a tax free state and its the first state in US
[/quote]
[quote name='BikerBoy' timestamp='1365205318' post='1303553181']
Yaa Delaware missing.....GP
[/quote]

delaware, NH and few other states lo sales tax undadhu kani income tax untadhi....

[Gachibowli_Diwakar]

texas move aipovali .. marriage avvagane [img]http://lh3.ggpht.com/-hScuoa4c8lI/UUeyjhlRatI/AAAAAAAAKpM/5jKk1urHSIk/s150/Brahmi.gif[/img]

[Anta Assamey]

[quote name='Nellore Pedda reddy' timestamp='1365206557' post='1303553219']
evadu citi gadaa [img]http://www.desigifs.com/sites/default/files/hhhhhhhhh.gif?1344628027[/img]
[/quote]

Yes aa Nasty Nela Ticket fellow gade...[img]http://www.desigifs.com/sites/default/files/Brahmi-2_1.gif?1337103173[/img]

[Nellore Pedda reddy]

[quote name='Brahmanandam_AFDB' timestamp='1365207874' post='1303553299']


Yes aa Nasty Nela Ticket fellow gade...[img]http://www.desigifs.com/sites/default/files/Brahmi-2_1.gif?1337103173[/img]
[/quote] Adi makku pub kadu.....hip hop [img]http://www.desigifs.com/sites/default/files/hhhhhhhhh.gif?1344628027[/img]

[Nellore Pedda reddy]

[quote name='Silence..Please' timestamp='1365207558' post='1303553281']
texas move aipovali .. marriage avvagane [img]http://lh3.ggpht.com/-hScuoa4c8lI/UUeyjhlRatI/AAAAAAAAKpM/5jKk1urHSIk/s150/Brahmi.gif[/img]
[/quote] marriage DKC kaa? Neekaa? Mee iddarikaa??

[vizzeboy]

GP.

[dotnetrockz]

nevada lo state tax ledha....chepthe mundhe akkada project chusukunevaalam kadha...tax paisal mana entertainment tax ki panikosthayi [img]http://www.desigifs.com/sites/default/files/hhhhhhhhh.gif?1344628027[/img]

[dkchinnari]

[quote name='Nellore Pedda reddy' timestamp='1365208475' post='1303553343']
marriage DKC kaa? Neekaa? Mee iddarikaa??
[/quote]mana muggriki[img]http://lh3.ggpht.com/-hScuoa4c8lI/UUeyjhlRatI/AAAAAAAAKpM/5jKk1urHSIk/s150/Brahmi.gif[/img]

[BikerBoy]

[quote name='Stellar' timestamp='1365207522' post='1303553277']
delaware, NH and few other states lo sales tax undadhu kani income tax untadhi....
[/quote]


avunaa....nice info...thanx mama

[k2s]

[quote name='ChittiNaidu' timestamp='1365200941' post='1303552890']
There are seven U.S. states with no income tax, yet a life of paying less taxes isn't as simple as picking up and moving to one of them. You should take into consideration how each state makes money, and also local taxes.

[img]http://g.foolcdn.com/editorial/images/29671/states-with-no-income-taxes_large.jpg[/img]

[b]The 7 States With No Income Tax[/b][list=1]
[*]Alaska
[*]Florida
[*]Nevada
[*]South Dakota
[*]Texas
[*]Washington
[*]Wyoming
[/list]
While these states have no income taxes, they fund themselves through other taxes including property taxes, corporate taxes, and sales taxes. If you are considering moving, you should consider all the taxes in a state and how those will affect your particular situation.

[b]How states make money with no income tax[/b]
Let's go through the states with no income tax one by one using [url="http://taxfoundation.org"]the Tax Foundation's most recent data[/url], which is for 2010. The Tax Foundation has been collecting data on taxes since 1937 and its data takes into consideration an average of both state and local taxes.

[b]1. Alaska[/b]
Alaska is known for its pristine wildlife as well as its oil and gas resources, most notably its North Slope with the famous Prudhoe Bay oil field. Alaska funds itself with royalties from oil and gas production as well as a 9.4% corporate income tax rate. In 2012 oil and gas royalties made up 83% of the state's revenue and oil and gas corporate income taxes made up just under 8% of revenue. The state has no sales tax but local municipalities have varying sales taxes and property taxes. In 2010, per capita property tax was $1,865, and combined with all other taxes, the per capita state and local tax paid was $3,214 [url="http://taxfoundation.org/state-tax-climate/alaska"]according to the Tax Foundation[/url].
Those 65 and over should note that Alaska exempts senior citizens from the first $150,000 of assessed value for property taxes.

[b]2. Florida[/b]
Florida is known for its great weather (minus hurricanes), tourism, and snowbirds. Florida funds itself with a 6% sales tax as well as a 5.5% corporate income tax. The sales tax made up 73% of the state's revenue in fiscal year 2011-2012, with the corporate income tax making up 8.3%.
In 2010, per capita property tax was $1,507, and combined with all other taxes, the per capita state and local tax paid was $3,728 [url="http://taxfoundation.org/state-tax-climate/florida"]according to the Tax Foundation[/url].

[b]3. Nevada[/b]
Nevada is obviously best known for gambling and tourism. The state funds itself through a 6.85% sales tax. In the 2011-2012 fiscal year, sales and use taxes made up 71% of the state's revenue. The state has no corporate income tax, which has helped it attract tech companies and start-ups from high-tax California. Many companies take advantage of the lack of a corporate income tax, and Las Vegas in particular is attracting start-ups through the efforts of Zappos' CEO Tony Hsieh's [url="http://downtownproject.com/"]DowntownProject[/url]. In 2010, per capita property tax was $1,297, and combined with all other taxes, the per capita state and local tax paid was $3,297 [url="http://taxfoundation.org/state-tax-climate/nevada"]according to the Tax Foundation[/url].

[b]4. South Dakota[/b]
South Dakota is known for Mt. Rushmore, Badlands National Park, and [url="http://www.walldrug.com/"]Wall Drug[/url]. ([url="http://en.wikipedia.org/wiki/Wall_Drug"]Have you dug Wall Drug?[/url]) The state funds itself through a 4% sales and use tax, a $0.22-per-gallon gas tax, and fees on vehicles, but has no corporate income tax. In fiscal year 2012 the sales and use tax made up 65% of the state's revenue, motor fuel tax made up 8%, and car titles and registration fees made up another 8%. In 2010, per capita property tax was $1,142, and combined with all other taxes, the per capita state and local tax paid was $3,035 [url="http://taxfoundation.org/state-tax-climate/south-dakota"]according to the Tax Foundation[/url].

[b]5. Texas[/b]
Texas funds itself through a 6.25% sales tax, taxes on motor vehicle sales and fuel, a 0.5%-1% franchise tax, and taxes on oil and natural gas production. In fiscal 2012 the sales tax made up 39% of the state's revenue, motor vehicle sales and fuel taxes made up 10.8%, franchise taxes made up 7.3%, and taxes on oil and natural gas made up 5.8%. In 2010, per capita property tax was $1,292, and combined with all other taxes, the per capita state and local tax paid was $3,104 [url="http://taxfoundation.org/state-tax-climate/Texas"]according to the Tax Foundation[/url].

[b]6. Washington[/b]
Washington funds itself through a 6.5% sales tax and a gross receipts tax on businesses. Washington benefits from being surrounded by Idaho and Oregon, both of which have corporate income tax rates above 7% and individual income tax rates above 7%. In fiscal 2012 the sales tax made up 64.7% of revenue while the gross receipts tax contributed 17.6%. In 2010, per capita property tax was $1,257, and combined with all other taxes, the per capita state and local tax paid was $4,261 [url="http://taxfoundation.org/state-tax-climate/washington"]according to the Tax Foundation[/url].

[b]7. Wyoming[/b]
Wyoming funds itself through a 4% sales tax, taxes on natural resources production, as well as property taxes, which for residential property is 9.5%. Most of the state's revenue comes from its natural resource production and property taxes on resource owners. In 2010, per capita property tax was $2,663, and combined with all other taxes, the per capita state and local tax paid was $3,721 [url="http://taxfoundation.org/state-tax-climate/wyoming"]according to the Tax Foundation[/url].

[b]More than just states with no income tax[/b]
There's more to consider before moving than just tax rates, but it doesn't hurt to start there, especially if you are living off interest and dividends.
If you're on the lookout for dividend ideas, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It's called "[url="http://www.fool.com/fool/free-report/18/sa-9dividend-display-136071.aspx?aid=4313&source=isaeditxt0900001"]Secure Your Future With 9 Rock-Solid Dividend Stocks.[/url]" You can access your copy today at no cost! [url="http://www.fool.com/fool/free-report/18/sa-9dividend-display-136071.aspx?aid=4313&source=isaeditxt0900001"]Just click here.[/url]
[/quote]
there is no state tax...man.......but fed tax is there

[king420]

Delaware lo unda?? Tax

[SudhirKumar]

gp

[lion]

[quote name='ChittiNaidu' timestamp='1365200941' post='1303552890']
There are seven U.S. states with no income tax, yet a life of paying less taxes isn't as simple as picking up and moving to one of them. You should take into consideration how each state makes money, and also local taxes.

[img]http://g.foolcdn.com/editorial/images/29671/states-with-no-income-taxes_large.jpg[/img]

[b]The 7 States With No Income Tax[/b][list=1]
[*]Alaska
[*]Florida
[*]Nevada
[*]South Dakota
[*]Texas
[*]Washington
[*]Wyoming
[/list]
While these states have no income taxes, they fund themselves through other taxes including property taxes, corporate taxes, and sales taxes. If you are considering moving, you should consider all the taxes in a state and how those will affect your particular situation.

[b]How states make money with no income tax[/b]
Let's go through the states with no income tax one by one using [url="http://taxfoundation.org"]the Tax Foundation's most recent data[/url], which is for 2010. The Tax Foundation has been collecting data on taxes since 1937 and its data takes into consideration an average of both state and local taxes.

[b]1. Alaska[/b]
Alaska is known for its pristine wildlife as well as its oil and gas resources, most notably its North Slope with the famous Prudhoe Bay oil field. Alaska funds itself with royalties from oil and gas production as well as a 9.4% corporate income tax rate. In 2012 oil and gas royalties made up 83% of the state's revenue and oil and gas corporate income taxes made up just under 8% of revenue. The state has no sales tax but local municipalities have varying sales taxes and property taxes. In 2010, per capita property tax was $1,865, and combined with all other taxes, the per capita state and local tax paid was $3,214 [url="http://taxfoundation.org/state-tax-climate/alaska"]according to the Tax Foundation[/url].
Those 65 and over should note that Alaska exempts senior citizens from the first $150,000 of assessed value for property taxes.

[b]2. Florida[/b]
Florida is known for its great weather (minus hurricanes), tourism, and snowbirds. Florida funds itself with a 6% sales tax as well as a 5.5% corporate income tax. The sales tax made up 73% of the state's revenue in fiscal year 2011-2012, with the corporate income tax making up 8.3%.
In 2010, per capita property tax was $1,507, and combined with all other taxes, the per capita state and local tax paid was $3,728 [url="http://taxfoundation.org/state-tax-climate/florida"]according to the Tax Foundation[/url].

[b]3. Nevada[/b]
Nevada is obviously best known for gambling and tourism. The state funds itself through a 6.85% sales tax. In the 2011-2012 fiscal year, sales and use taxes made up 71% of the state's revenue. The state has no corporate income tax, which has helped it attract tech companies and start-ups from high-tax California. Many companies take advantage of the lack of a corporate income tax, and Las Vegas in particular is attracting start-ups through the efforts of Zappos' CEO Tony Hsieh's [url="http://downtownproject.com/"]DowntownProject[/url]. In 2010, per capita property tax was $1,297, and combined with all other taxes, the per capita state and local tax paid was $3,297 [url="http://taxfoundation.org/state-tax-climate/nevada"]according to the Tax Foundation[/url].

[b]4. South Dakota[/b]
South Dakota is known for Mt. Rushmore, Badlands National Park, and [url="http://www.walldrug.com/"]Wall Drug[/url]. ([url="http://en.wikipedia.org/wiki/Wall_Drug"]Have you dug Wall Drug?[/url]) The state funds itself through a 4% sales and use tax, a $0.22-per-gallon gas tax, and fees on vehicles, but has no corporate income tax. In fiscal year 2012 the sales and use tax made up 65% of the state's revenue, motor fuel tax made up 8%, and car titles and registration fees made up another 8%. In 2010, per capita property tax was $1,142, and combined with all other taxes, the per capita state and local tax paid was $3,035 [url="http://taxfoundation.org/state-tax-climate/south-dakota"]according to the Tax Foundation[/url].

[b]5. Texas[/b]
Texas funds itself through a 6.25% sales tax, taxes on motor vehicle sales and fuel, a 0.5%-1% franchise tax, and taxes on oil and natural gas production. In fiscal 2012 the sales tax made up 39% of the state's revenue, motor vehicle sales and fuel taxes made up 10.8%, franchise taxes made up 7.3%, and taxes on oil and natural gas made up 5.8%. In 2010, per capita property tax was $1,292, and combined with all other taxes, the per capita state and local tax paid was $3,104 [url="http://taxfoundation.org/state-tax-climate/Texas"]according to the Tax Foundation[/url].

[b]6. Washington[/b]
Washington funds itself through a 6.5% sales tax and a gross receipts tax on businesses. Washington benefits from being surrounded by Idaho and Oregon, both of which have corporate income tax rates above 7% and individual income tax rates above 7%. In fiscal 2012 the sales tax made up 64.7% of revenue while the gross receipts tax contributed 17.6%. In 2010, per capita property tax was $1,257, and combined with all other taxes, the per capita state and local tax paid was $4,261 [url="http://taxfoundation.org/state-tax-climate/washington"]according to the Tax Foundation[/url].

[b]7. Wyoming[/b]
Wyoming funds itself through a 4% sales tax, taxes on natural resources production, as well as property taxes, which for residential property is 9.5%. Most of the state's revenue comes from its natural resource production and property taxes on resource owners. In 2010, per capita property tax was $2,663, and combined with all other taxes, the per capita state and local tax paid was $3,721 [url="http://taxfoundation.org/state-tax-climate/wyoming"]according to the Tax Foundation[/url].

[b]More than just states with no income tax[/b]
There's more to consider before moving than just tax rates, but it doesn't hurt to start there, especially if you are living off interest and dividends.
If you're on the lookout for dividend ideas, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It's called "[url="http://www.fool.com/fool/free-report/18/sa-9dividend-display-136071.aspx?aid=4313&source=isaeditxt0900001"]Secure Your Future With 9 Rock-Solid Dividend Stocks.[/url]" You can access your copy today at no cost! [url="http://www.fool.com/fool/free-report/18/sa-9dividend-display-136071.aspx?aid=4313&source=isaeditxt0900001"]Just click here.[/url]
[/quote]

Good info....Thanks for sharing