Nicole Lappin

Those states are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. And so if you're living in one of those states, less money is coming out of your paycheck than fellow Americans in the other 41. Plus, come tax season, you only have to file one tax return, unlike the rest of us who have to file a state and a federal tax return.

Less paperwork equals less stress. But here is a very important caveat. If you're living in a state without income tax, you're not guaranteed to be living large. You're not even guaranteed to save very much on taxes. That's because states without income taxes may compensate with other tax streams.

Less paperwork equals less stress. But here is a very important caveat. If you're living in a state without income tax, you're not guaranteed to be living large. You're not even guaranteed to save very much on taxes. That's because states without income taxes may compensate with other tax streams.

Less paperwork equals less stress. But here is a very important caveat. If you're living in a state without income tax, you're not guaranteed to be living large. You're not even guaranteed to save very much on taxes. That's because states without income taxes may compensate with other tax streams.

For example, while Texas doesn't have state income tax, Texans spend 1.8% of their income on property taxes, which is higher than the average. But Nevada, Wyoming and Florida are different, and I'm going to tell you why. But first, I'll give you an overview and then tell you what exactly your financial life would look like if you were in one of those states. Let's start with Wyoming.

For example, while Texas doesn't have state income tax, Texans spend 1.8% of their income on property taxes, which is higher than the average. But Nevada, Wyoming and Florida are different, and I'm going to tell you why. But first, I'll give you an overview and then tell you what exactly your financial life would look like if you were in one of those states. Let's start with Wyoming.

For example, while Texas doesn't have state income tax, Texans spend 1.8% of their income on property taxes, which is higher than the average. But Nevada, Wyoming and Florida are different, and I'm going to tell you why. But first, I'll give you an overview and then tell you what exactly your financial life would look like if you were in one of those states. Let's start with Wyoming.

So unlike the Texas example I mentioned, Wyoming has no income tax and low sales tax and low property taxes. The state sales tax is 4%, which makes it the eighth lowest in the country. It also has the 10th lowest property tax rate. More on the importance of that in just a second. But now let's travel over to the Sunshine State and my apologies to Florida.

So unlike the Texas example I mentioned, Wyoming has no income tax and low sales tax and low property taxes. The state sales tax is 4%, which makes it the eighth lowest in the country. It also has the 10th lowest property tax rate. More on the importance of that in just a second. But now let's travel over to the Sunshine State and my apologies to Florida.

So unlike the Texas example I mentioned, Wyoming has no income tax and low sales tax and low property taxes. The state sales tax is 4%, which makes it the eighth lowest in the country. It also has the 10th lowest property tax rate. More on the importance of that in just a second. But now let's travel over to the Sunshine State and my apologies to Florida.

But I would say that this is the ugly duckling of the top three picks. Florida pretty much only avoids the naughty list because it doesn't raise other taxes to compensate for a lack of income tax. The sales tax rate is around 6%, which is pretty average in the US. Property taxes in Florida aren't anything special either, but something is better than nothing.

But I would say that this is the ugly duckling of the top three picks. Florida pretty much only avoids the naughty list because it doesn't raise other taxes to compensate for a lack of income tax. The sales tax rate is around 6%, which is pretty average in the US. Property taxes in Florida aren't anything special either, but something is better than nothing.

But I would say that this is the ugly duckling of the top three picks. Florida pretty much only avoids the naughty list because it doesn't raise other taxes to compensate for a lack of income tax. The sales tax rate is around 6%, which is pretty average in the US. Property taxes in Florida aren't anything special either, but something is better than nothing.

Or I guess when it comes to taxes, nothing is better than something. But a low something is better than a high something. Even though Florida doesn't get an A plus on their tax codes, Florida is perhaps the biggest magnet for celebrities and athletes looking to lower their tax burden.

Or I guess when it comes to taxes, nothing is better than something. But a low something is better than a high something. Even though Florida doesn't get an A plus on their tax codes, Florida is perhaps the biggest magnet for celebrities and athletes looking to lower their tax burden.

Or I guess when it comes to taxes, nothing is better than something. But a low something is better than a high something. Even though Florida doesn't get an A plus on their tax codes, Florida is perhaps the biggest magnet for celebrities and athletes looking to lower their tax burden.

Jeff Bezos, as I mentioned, just made this move along with billionaire Carl Icahn, football legend Tom Brady, billionaire hedge fund manager David Tepper and on and on. These celebrities and public figures continue to choose Florida, even though there are states with better tax advantages. Alaska, for example, is widely considered to be the most tax-advantaged state.

Jeff Bezos, as I mentioned, just made this move along with billionaire Carl Icahn, football legend Tom Brady, billionaire hedge fund manager David Tepper and on and on. These celebrities and public figures continue to choose Florida, even though there are states with better tax advantages. Alaska, for example, is widely considered to be the most tax-advantaged state.

Jeff Bezos, as I mentioned, just made this move along with billionaire Carl Icahn, football legend Tom Brady, billionaire hedge fund manager David Tepper and on and on. These celebrities and public figures continue to choose Florida, even though there are states with better tax advantages. Alaska, for example, is widely considered to be the most tax-advantaged state.

But let's be honest here, can you imagine Jeff Bezos moving to Alaska? Like, after the finale of True Detective Night Country? It is hard to compete with the Sunshine State for sure, especially if you're a state that only gets three hours of sunlight during parts of the year.