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Most Individual U.S. States Collect A state income tax in Addition To Federal Income tax. The Two Are Separate Entities. Some Local Governments Also Impose An Income tax, Often Based On state income tax calculations. Forty-Three States And Many Localities In The United States May Impose An Income tax on Individuals.

Inventory is the most common business PPT Exemption. Seven states (Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma, Texas and West virginia) still tax most inventory. In Alaska, Maryland, Vermont and Virginia, inventory is taxed by some local jurisdictions.

Seven u.S. States currently don't have an income tax: Alaska, Florida, Nevada,South Dakota, Texas, Washington and Wyoming. And residents of new Hampshire and Tennessee are also spared from handing over an extra chunk of their paycheck on April 15, though they do pay tax on dividends and income from investments.

Currently, Seven States Do Not Tax Individual Income Retirement Or Otherwise: Alaska, Florida, Nevada, South Dakota, Texas, Washington And Wyoming. Two Other States New Hampshire and Tennessee Impose Income Taxes Only On Dividends And Interest (5 Percent Flat Rate For Both States).

The Best States To Retire Are Bella Vista, Texas,Ocean Pines, Md .Peoria, Ariz. Port Charlotte, Fla. Wenatchee, Wash. The Villages, Fla.

Some of the best States to retire are: a) Virginia. b) Nevada. c) Montana. d) Texas. e) Idaho. f) Colorado. g) South Carolina. h) South Dakota. i) Wyoming. j) Florida.