Why States With No Income Tax Aren’t As Affordable As They Seem

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 If a state doesn’t charge income tax, it must find revenues elsewhere. fizkes / Shutterstock.com

There are nine states that don’t tax workers’ wages. But just because a state doesn’t have income taxes doesn’t necessarily mean it’s an affordable place to live. If a state doesn’t charge income tax, it must find revenues elsewhere, which explains why other tax rates tend to be high in these locations. What’s more, the cost of living in some states with no income tax has soared in recent…

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