Nevada Is No 2 On The List Of Tax Friendly States

Nevada Is No 2 On The List Of Tax Friendly States

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If you hate paying taxes, particularly for frivolous or undeserving expenses, you might want to get your mail in Nevada.

According to a new Kiplinger report, the Silver State is No. 2 on the list of most tax friendly states. Only Wyoming, which has a population about the size of Clark County if you removed Las Vegas, was rated higher. 

Unsurprisingly, states with no state income tax – like Nevada and Wyoming – were more likely to make the list. Almost every state without an income tax (Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming) made the “friendly” list.

Only Texas didn’t, and we’ll find out next why not. 

Tennessee came in at No. 3, right behind Nevada. It has an income tax, but only on interest and dividends, not the money that most people earn week to week. 

But income tax wasn’t the only thing measured. 

 One of the heaviest tax loads in many states is property tax, which you pay indirectly even if you rent. That’s one of the major reasons blamed for making Illinois the least tax-friendly state in the union. That’s also what kept Texas out of the running; property taxes in that state run more than twice what you would pay in Nevada – for the same valuation of property. 

 We also pay sales tax, inheritance tax, transfer tax, gas tax and a laundry list of ways the various levels of government, you from your wallet. 

 See the full story here.

Hal DeKeyser Headshot
Phone: 602-316-6863
Dated: October 5th 2019
Views: 137
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