Wyoming
Last on our list is Wyoming, another tax-friendly state. Despite the lack of an income tax, you still have to pay some sales taxes at 4%, but municipalities can add up to 2%. since the combined rate found by the Tax Foundation sits at 5.34%, this makes it the eight-lowest in the U.S.
Prescription drugs and groceries are exempt while clothes and motor vehicles are not.
Wyoming also has the tenth-lowest property tax rates in the nation, with the median property tax rates sitting at $575 per $100,000 of assessed home value.
And, lastly, there are no estate or inheritance taxes for you to worry about.
So, does this clear the air when it comes to where you should relocate in order to pay fewer taxes? Where do you plan on retiring, for example? Comment down below to let us know!
