US

10 States With Harsh Tax Laws For Retirees

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Last Updated: Jan 16, 2016

If you are bout to retire and are planning on moving to a state where you can peacefully enjoy your retirement better not go to these state. They are the least tax-friendly states in the U.S.

1. Rhode Island

002-rhode-island-cottage-burgin-lambert-architects

The state Income Tax ranges from 3.75 % to 5.99 %
The state Sales Tax is 7 %
Estate Tax/Inheritance Tax: Yes/No

2. Vermont

VERMONT 2

The state Income Tax ranges from 3.55 % to 8.95 %
The state Sales Tax is 6 %
Estate Tax/Inheritance Tax: Yes/No

3. Connecticut

connecticut.jpg CONECTICUT

The state Income Tax ranges from 3.0 % to 6.7 %
The state Sales Tax is 6.35 % (7.0 % for certain luxury items)
Estate Tax/Inheritance Tax: Yes/No

4. Minnesota

Buffalo,_Minnesota_5

The state Income Tax ranges from 5.35 % to 9.85 %
The state Sales Tax is 6.875 %
Estate Tax/Inheritance Tax: Yes/No

5. Oregon

OREGON2

The state Income Tax ranges from 5.0% to 9.9%
The state Sales Tax is zero
Estate Tax/Inheritance Tax: Yes/No

6. Montana

MONTANA

The state Income Tax ranges from 1.0 % to 6.9 %
The state Sales Tax is zero
Estate Tax/Inheritance Tax: No/No

7. California

CALIFORNIA

The state Income Tax ranges from 1.0 % to 13.3 %
The state Sales Tax is 7.5 %
Estate Tax/Inheritance Tax: No/No

8. Nebraska

NEBRSKA 2

The state Income Tax ranges from 2.46 % to 6.84 %
The state Sales Tax is 5.5 %
Estate Tax/Inheritance Tax: No/Yes

9. New Jersey

newjersey

The state Income Tax ranges from 1.4 % to 8.97 %
The state Sales Tax is 7.0 %
Estate Tax/Inheritance Tax: Yes/Yes

10. New York

NEW YORK2

The state Income Tax ranges from 4.0 % to 8.82 %
The state Sales Tax is 4.0 %
Estate Tax/Inheritance Tax: Yes/No

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