Definition of «no income tax state»

A "no income tax state" is a term used to describe a US state that does not impose an income tax on its residents. Instead, these states may rely more heavily on other forms of taxation, such as sales or property taxes.

Sentences with «no income tax state»

  • The two taxes have a single combined limit, so taxpayers in income tax states could lose all or part of their property tax deduction even if their property taxes are below $ 10,000. (rocketlawyer.com)
  • I live in a high income tax state and a high property tax county. (dividendsdiversify.com)
  • I personally think non state income tax states may see some benefit.. (biggerpockets.com)
  • (see all sentences)
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