33.New York: not recommended
In New York, anything over $20,000 from a private retirement plan(pensions, IRAs, 401(k)plans) or out-of-state government plan is being taxed.
- The State Income Tax Range is 4%(on up to $8,500 of taxable income for single filers and up to $17,150 for joint filers)- 10.9% (on taxable income over $25 million);
- The Average Combined State and Local Sales Tax Rate is 8.52%;
- The Median Property Tax Rate is $1,692/$100,000 of assessed home value;
- There is an Estate Tax, but no Inheritance Tax.
34.North Carolina: mixed feelings
Although North Carolina is one of the most favorite destinations for retirees, tax breaks in this state are very rare.
- The State Income Tax Range is 5.25%;
- The Average Combined State and Local Sales Tax Rate is 6.98%;
- The Median Property Tax Rate is $773/$100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
35.North Dakota: mixed
North Dakota is one of the states that tax some portions of Social Security benefits.
- The State Income Tax Range is 1.1%(on up to $40,125 of taxable income for single filers and up to $67,050 for married couples)- 2,9%(on taxable income over $440,600);
- The Average Combined State and Local Sales Tax Rate is 6.96%;
- The Median Property Tax Rate is $986/$100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
