Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/7/2013 (2 years ago)

Catholic Online (

Some things you may want to consider before hitching up the trailer

The good news: there are seven U.S. states with no income tax. The bad news: These seven states raise funds in myriad other ways, such as property and local taxes. Below is a list of the seven states, and the things you need to consider before picking up and moving to them.

The home of Mount Rushmore, South Dakota funds itself through four percent sales and use tax, a $0.22-per-gallon gas tax, and fees on vehicles, but has no corporate income tax.

The home of Mount Rushmore, South Dakota funds itself through four percent sales and use tax, a $0.22-per-gallon gas tax, and fees on vehicles, but has no corporate income tax.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

4/7/2013 (2 years ago)

Published in Business & Economics

Keywords: Wyoming, Alaska, South Dakota, Washington, Florida, Nevada, Wyoming, income taxes

LOS ANGELES, CA (Catholic Online) - The seven states without income tax are:

1. Alaska
2. Florida
3. Nevada
4. South Dakota
5. Texas
6. Washington
7. Wyoming
Going through the states without income tax, there are numerous things to be addressed by the individual or family that plans on moving there. The data below was compiled by the Tax Foundation, which has been collecting data on taxes since 1937.

1. Alaska. This state, known for its pristine environment and wildlife, Alaska funds itself with royalties from oil and gas production as well as a 9.4 percent corporate income tax rate. Oil and gas royalties made up 83 percent of the state's revenue last year. Oil and gas corporate income taxes make up less than eight percent of revenue. Another plus: Those 65 and over should note that Alaska exempts senior citizens from the first $150,000 of assessed value for property taxes.

2. Florida. Known for its fair weather and tourism, Florida funds itself with a six percent sales tax as well as a 5.5 percent corporate income tax. The sales tax made up 73 percent of the state's revenue in fiscal year 2011-2012, with the corporate income tax making up 8.3 percent.

3. Nevada. Best known - and notorious, as the place of "Lost Wages," or Las Vegas, Nevada funds itself through a 6.85 percent sales tax. Nevada has no corporate income tax, which has helped it attract tech companies and start-ups from high-tax California.

4. South Dakota. The home of Mount Rushmore, South Dakota funds itself through four percent sales and use tax, a $0.22-per-gallon gas tax, and fees on vehicles, but has no corporate income tax. The sales and use tax made up 65 percent of the state's revenue, motor fuel tax made up 8 percent, and car titles and registration fees made up another 8 percent last year.

5. Texas. Texas funds itself through a 6.25 percent sales tax, taxes on motor vehicle sales and fuel, a 0.5 percent- one percent franchise tax, and taxes on oil and natural gas production. Sales tax made up 39 percent of the state's revenue, motor vehicle sales and fuel taxes made up 10.8 percent, franchise taxes made up 7.3 percent, and taxes on oil and natural gas made up 5.8 percent in 2012.

6. Washington. Benefitting from being surrounded by Idaho and Oregon, both of which have corporate income tax rates above seven percent and individual income tax rates above seven percent, sales tax made up 64.7 percent of revenue in Washington of 2012. Gross receipts tax contributed 17.6 percent.

7. Wyoming funds itself through a four percent sales tax, taxes on natural resources production, as well as property taxes, which for residential property is 9.5 percent. Most of the state's revenue comes from its natural resource production and property taxes on resource owners.

If you are living off interest and dividends, moving to these states are highly attractive. Just remember about the inevitability of death, and taxes - you will be paying somewhere, somehow at sometime.


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

Three BILLION barrels of excess oil available now - but is this a good thing? Watch

Image of Inflated inventories and oil wealth has spread globally, from the United States to the developed economies of Europe, and now China, according to the agency.


With the price of gas comfortably lower than $3 a gallon at many gas pumps across the land, consumers are enjoying a price break. The reason behind this windfall is largely because there are now more than three billion barrels of excess oil in the world. This ... continue reading

HARD NEWS HEADED FOR EXTINCTION! Filters turning off certain information imperil journalism Watch

Image of Daily newspapers have gone from nearly 1,800 in 1945 to about 400.


Newspapers, along with print media in general is in rapid decline - while Internet news, groomed and curried for special interest groups is on the rise. The fallout is that hard news, presented objectively is in dire threat of virtual extinction. "Opinion ... continue reading

The 'WAR ON CHRISTMAS' continues as Starbucks' new seasonal cups spark public outrage Watch

Image of Starbucks is the center of a mass controversy when it decided to release plain red cups this holiday season instead of its traditional Christmas and general holiday-themed cups (Rozzieland blogs).


When coffee giant Starbucks released red cups in place of their traditionally holiday-themed cups this winter, Arizona-based evangelist Joshua Feuerstein cried bigotry. LOS ANGELES, CA (Catholic Online) - In a Facebook video rant, Feuerstein wrote, "I think in the age ... continue reading

Pretty much all you could ask for from the month of October - unemployment at five percent, new hires Watch

Image of The 271,000 jump in payroll was surprisingly robust, far better than the Labor Department expected last week.


"It was pretty much everything you could ask for in a jobs report," Michelle Meyer, deputy head of United States economics at Bank of America Merrill Lynch says. Unemployment was at five percent and there were significant job hires for the month of October. ... continue reading

Invest as a Catholic - without selling your soul! Watch

Image of

By Kevin Jones (CNA News)

For Catholics who want to invest in a retirement plan but hesitate for fear of unintentionally supporting causes contradicting their faith, a financial advisor group is now offering a new option. Washington D.C. (CNA) - "We'd like to see every Catholic organization ... continue reading

SOMETHING IS BREWING: Agreement could lead to biggest beer deal - and top five business deals EVER Watch

Image of The prevailing trend among younger beer drinkers is for smaller, more specialized labels from independent breweries. In response, bigger beer brands are struggling to hold on to their market share.


Something big is brewing in the world of brew. AB InBev or Budweiser is offering SABMiller shareholders $67.59 per share. The maker of Miller Lite, Pilsner Urquell and Peroni, this represents a premium of roughly 50 percent over the share price. The agreement, ... continue reading

Overworked Wall Street employees experience seizures, are hospitalized, and have died Watch

Image of John Hughes in Thomas' bedroom (Damon Winter).


Wall Street has always been a very demanding place to work and with recent work-related deaths, it seems that Wall Street must find a way to provide work-life balance to its employees.  NEW YORK CITY, NY (Catholic Online) - Thomas Hughes was a 29-year-old ... continue reading

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Prayer For Courage HD Video
  • The Miracle Prayer HD Video
  • Daily Readings for Saturday, November 28, 2015
  • A special look into the inspirational meeting between Pope Francis ...
  • St. Catherine Laboure: Saint of the Day for Saturday, November 28, 2015
  • Evidence mounts: U.S. supplying ISIS, herding fighters towards Syria ...
  • Your Daily Inspirational Meme: God is good

Daily Readings

Reading 1, Daniel 7:2-14
2 Daniel said, 'I have been seeing visions in the night. I saw that the ... Read More

Psalm, Daniel 3:75, 76, 77, 78, 79, 80, 81
75 Bless the Lord, mountains and hills, praise and glorify him for ... Read More

Gospel, Luke 21:29-33
29 And he told them a parable, 'Look at the fig tree and indeed every ... Read More

Saint of the Day

Saint of the Day for November 27th, 2015 Image

St. James Intercisus
November 27: James was a favorite of King Yezdigerd I of ... Read More