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e-ReferenceDesk's College and 50 State Learning Resource Guide
 
 

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States Without Personal Income Tax

Seven states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income.

Since 1990 the nine US states without an income tax have seen twice the rate of job growth and 2.5 times the population growth of the states with the highest income taxes.

Capital, jobs and economic development are migrating from high-tax states to low.

To see how other states compare, check out the Federation of Tax Administrators' listing of individual income tax rates for 2006.

States Without Personal Income Tax

Seven of the 50 states do not have a personal income tax:

  1. Alaska
  2. Florida once had tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.) but will be abolished starting in the year 2007.
  3. Nevada
  4. South Dakota
  5. Texas
  6. Washington
  7. Wyoming

Two other states, New Hampshire and Tennessee, tax only dividend and interest income.

  1. Tennessee - does have tax on interest and dividends
  2. New Hampshire - does have tax on interest and dividends
State Economies
State Economies
A central feature of the US economy is a reliance on private decision-making ("economic freedom") in economic decision-making. This is enhanced by relatively low levels of regulation, taxation, and government involvement, as well as a court system that generally protects property rights and enforces contracts.

The US is rich in mineral resources and fertile farm soil. It also has extensive coastlines on the Atlantic and Pacific Oceans, as well as on the Gulf of Mexico. Rivers flow from far within the continent, and the Great Lakes along the US border with Canada - provide shipping access. These waterways have helped shape the country's economic growth over the years and helped bind America's 50 individual states together in a single economic unit.
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