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The states also share a couple of similarities. One, no state income tax. Two, growing populations.
Seven states operate without a state income tax:
The Tax Foundation compiles a list of the states which pay the lowest total per capita income in state taxes.
As Elizabeth Malm, an economist at The Tax Foundation writes, a “state’s ability to ‘export its tax burden’, or collect revenues from non-residents,” is a key component in meeting state revenue requirements. Few states perform this function better than
Margaret R. McDowell, ChFC, AIF, is the founder and principal of Arbor Wealth Management, LLC, a fee-only, fiduciary registered investment advisory firm located near Sandestin (www.arborwealth.net~850-608-6121).