These 38 States Don’t Tax Your Social Security Benefits

Photo by Sean Pavone from Shutterstock

31. South Carolina

A 6 percent levy is imposed by the state, but localities can add as much as 3 percent to the sales tax. In South Carolina, the lowest income rate is 3 percent on taxable income ranging from $3,030 to $6,059, while the highest one is 7 percent applied to more than $15,160 of taxable income.

The median property tax rate is $573 per $100,000 of assessed home value, and, thankfully, there’s no estate or inheritance tax.

32. South Dakota

In South Dakota, there’s virtually no estate, no inheritance, and no income tax. The state has a 4.5 percent levy, and, again, localities can make it 9 percent, and the saddest part about sales taxes is that many services, including groceries, are taxed.

See also: 10 Worst States for Military Retirees

Homeowners have to pay a $1,321 tax per $100,000 of assessed home value in the Mount Rushmore State.

PREV 1 ... 24 25 26 ... 28NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

related posts
from our network