You are a Baby Boomer if you were born between 1946 and 1964. You are educated, active and resourceful. You are searching for less stress and more living, you may be an empty nester, you prefer less traffic, fewer taxes and more fresh air and exciting activities! There are no rocking chairs in your future – you prefer pilates, hiking, biking, volunteering, wine club, book club, university classes, surfing the web, telecommuting, yoga, golf, tennis, walking your dog, senior dating and plenty of social activities.
State income taxes
Seven states have none. They are Florida, Texas, Alaska, Nevada, South Dakota, Washington, and Wyoming.
Tennessee and New Hampshire only tax interest and dividend income.
The 27, plus the 7 above, states that do not tax Social Security are:
Alabama, Arizona, Arkansas, California, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Virginia and Wisconsin.
Ten states do not tax a state or federal pension:
Alabama, Hawaii, Illinois, Kansas, Louisiana, Massachusetts, Michigan, Mississippi, New York and Pennsylvania. .
State sales tax
Five states do not have a sales tax:
Alaska, Delaware, Montana, New Hampshire and Oregon.
The 10 states with the lowest overall tax burden
The percentage shown is the tax burden as a percent of personal income.
* Alaska 6.6%
* New Hampshire 8.0%
* Tennessee 8.5%
* Delaware 8.8%
* Alabama 8.8%
* Oklahoma 9.0%
* South Dakota 9.0%
* Texas 9.3%
* Wyoming 9.5%
* Montana 9.7%