What states have no income taxes?

Edwards Finance > Income Tax

Q. What states have no income taxes?

A. -No state individual income tax: Florida, Nevada, Wyoming, Washington, South Dakota, Alaska. Tennessee and New Hampshire tax only interest and dividend income of individuals. No state corporate income tax: Nevada, Wyoming, Washington, South Dakota. The Michigan Single Business Tax is not an income tax, but an addition- method value added tax; however, the computation of the base begins with federal taxable income. No state sales and use tax: New Hampshire, Oregon, Montana, Alaska, Delaware. Local jurisdictions in some of those states do impose sales and use taxes, however. Katie in San Diego (The foregoing is intended as information only and does not constitute legal or professional advice.) -Texas has no personal or corporate income tax. However, the franchise tax can in many ways be more insidious than an income tax on corporations. -The last time I looked, Alaska, Florida, Nevada, New Hampshire (Interest & Dividends, only), South Dakota, Tennessee (Interest & Diuvidends, only).Texas, Washington and Wyoming. If there are any updates, I believe you can obtain them from: National Conference of State Legislatures, 1560 Broadway, Suite 700, Denver, CO (80202). The following is extracted from a contribution by Frank Mc Neil which was made on May 10, 1996. For in depth info on line it's a great source!

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