SearchExclusive.com

10 Most Tax-Friendly States In The Country

Federal taxes are uniform across the country. However, taxes imposed by states varies throughout the country. Thus, some states impose a limited number of taxes on the residents, while others impose quite heavy taxes. Based on this, there are the least tax-friendly states and best tax-friendly states. If you are relocating, it is essential to know which states impose more taxes and which states impose the least taxes. This is because the taxes will impact your overall financial health.

Here is a list of the top 10 tax-friendly states in the country. Some of the names and rankings may very well surprise you.

Wyoming: In this state, there is no income tax and taxes on gas are below the average threshold price of the country. It also has the lowest beer tax, and it’s the 9 ^th lowest in terms of property taxes.
Alaska: This is one state where there is no gas or income tax charged at all. The average sales tax is reportedly 1.76%. Each legal resident gets a Permanent Dividend Fund after a year of staying here.
South Dakota: Another state that has no income tax. Also, if you add all the sales taxes, it is much lower than the rest of the country. Medicare is well taken care of with no sales tax on prescription drugs.

You Might Also Like : 10 Most Tax-Friendly States In The Country

Florida: The biggest advantage of Florida apart from the beaches is that it charges no income tax, and its property tax is amongst the lowest in the USA, coming up to $1700 roughly on average. Also, food and medicine are exempt from sales tax.
Nevada: Much like Florida, Nevada also has lower property taxes ($1500 on an average). Also, there is no income tax at all. Here the gas taxes are as low as 34 cents per gallon. Food and medicine are exempt from taxes.
North Dakota: In this state, the income tax has been progressively reducing; currently, it stands at 1.10% on taxable income below $100000. This state has also been known to favor agriculture since farm machinery is taxed at a mere 3%. Food and medicine are exempt from taxes.
Delaware: Delaware is unique because gas taxes are minimal in this state. Also, this state levies no sales tax on any products or services. Even property taxes are the fourth-lowest in the USA. It is said to be a business-friendly place too. All this covers up for their high-income tax rates.
Arizona: If you happen to earn below $152000, then you are exempt from paying income tax which is otherwise 4.54% if you aren’t married. The property tax is amongst the lowest in this state at $1356 on average. Plus, it levies only 19 cents per gallon of gas.
Louisiana: When it comes to property and gas taxes combined, Louisiana is cheaper than the other eight states mentioned here. While federal income tax can be avoided courtesy of state taxable income, it is 6% if you earn more than $50000.
Mississippi: This state charges just 19 cents per gallon of gas and $813 on average as property tax. Income tax rates are being reduced to a huge extent to offset the huge amount of sales taxes that are paid.

Keep yourself updated with the latest on Taxes . Like us on Facebook and follow us on Twitter for more on Investments.

Related Reading

Tips for Buying the Best Dog Food

Most of the dogs do not have a food fuss and may eat almost anything that you feed them. Dogs are not choosy at all when it comes to food and nutrition. Hence, it is important to make sure that the food that you are purchasing for your dog is healthy. The landscape of dog food has been developing by leaps and bounds in recent times. There is a wide variety of options to choose from in the online and offline market. Given the wide range of options that are available today, buying the best dog food might seem to be a confusing task indeed. All the commercial pet food that is available in the market today is regulated by the FDA. Therefore, most of the products do contain nutritious, healthy, and safe ingredients. But it does help to know certain basic factors you should look for while buying food for your dog. Prioritize on the nutritional guarantee The best dog food, which meets the dog’s needs adequately has a statement written on the label of the product, from the Association of American Feed Control Officials. Buy from some of the best dog food brands, such as Fromm Family Foods, Earthborn Holistic, Nature’s Variety Instinct, and The Honest Kitchen.

Different Types of Kitchen Cabinets Available for Your Home

The most important aspect when designing your kitchen is deciding on the type of cabinets. In addition to functionality, kitchen cabinets score on aesthetics as well. Once the layout is planned, you can go ahead with choosing the cabinets. If you’re remodeling your home or just the kitchen, what you need to consider are the types of cabinets that furnish your kitchen. Here are a few types of kitchen cabinets that you can choose from. Base cabinets These kitchen cabinets are mounted on the floor and they are placed after checking out the floor plan. A major part of your job in the kitchen is on these base cabinets, which hold and support the countertops. These base cabinets are combined to carve out kitchen islands. A number of base cabinets are fused/set against one another and installed on site. The base cabinets, in addition to supporting the countertops, serve as drawers to hold your cutlery and appliances. Wall cabinets Mounted on the walls, these cabinets can store everything, right from your cookware to cookbooks. In terms of design, they offer utmost flexibility. Wall cabinet kitchen is available in varying heights, multiple widths, and custom depth options. This customization helps you to fit in your stuff of varying shapes and sizes into the wall cabinets.

How to Pick the Right Dog Food for a Sensitive Stomach

In today’s world, where you are presented with over a dozen choices for every item you would purchase for your own kitchen, it is not surprising that you have an equal number of options for your dog’s food. However, choosing the perfect brand and formula for your dog out of a range of options in the market is not an easy job. Your pet depends on you and trusts you to make the right choice for them. Therefore, it is imperative that you do your research about the products available in the market, understand what your dog needs, know what might be your pet’s problems, and then make a sound decision. What is a sensitive stomach? Dogs are known to have voracious and large appetites. Keeping that in mind, it is normal to assume that they have strong stomachs. They can eat close to anything be it sweets, bakes, chewy gum, hard leather or even woolen socks for that matter! It always so happens that the strongest of them are prone to allergies and can develop a disorder which is medically translated as a sensitive stomach. This might be due to a sudden change in the food habits or even due an infection picked up from somewhere.

All You Need to Know about Cat Food

For cat owners, cat food is a hot topic. You need to think about it in different aspects. The best thing is to know which ingredients are good for cat food and which are harmful. If you are aware of this, you can get an idea about the quality of the cat food just by going through the label. It is always sensible to stick to one brand of cat food. However, you may also want to try and prepare cat food yourself. There are also various options for wet cat food as well. Cat’s love for fish is universal, so you can do without going for expensive cat food. Nevertheless, whether you buy it or prepare cat food at home, you need to ensure that the food contains enough nutrition and calories. You would need to have some idea about the ingredients that must be present in cat food and make a worthy selection for your cat. Basic ingredients present in good cat foods Cats need a variety of nutrients to stay healthy and active; they need various vitamins, minerals, fats, proteins, and oils. The following is a brief explanation of the basic ingredients that should be present in cat foods.