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The state's average combined state and local sales tax rate is the eighth-lowest in the country, according to the Tax Foundation. State sales taxes in Nevada are a relatively high 6.85%; when you add in local taxes, the average combined state and local sales tax rate shoots up to 8.23%, the 13th-highest in the country. How much the hypothetical family paid (and deducted on their income tax return) in property taxes was calculated by assuming a residence with a $300,000 assessed value and then applying each state's median property tax rate to that amount. [Extracted from the article]

Moreover, there is a hidden regulatory tax burden in the state's unique blend of refined gasoline that accounts for higher underlying gasoline prices, even before tax. Every consumer should test the usefulness of their subscriptions ("10 Good Reasons to Cancel Amazon Prime", June). It is likely that many people regularly shop at Whole Foods stores for organic and healthy foods when there is an advantage with Amazon Prime pricing. [Extracted from the article]

Some states, such as Idaho, Iowa, New Mexico and Utah, have already passed big tax cuts, ranging from lowering personal income tax rates to reducing sales taxes. Though major tax legislation has stalled in Congress as November elections near, many states have plans to lower individuals' tax burden this year or next, according to The Kiplinger Tax Letter. [Extracted from the article]

The IRS's proposed rules make Roths even more attractive to inherit, Slott says. While the SECURE Act also requires non-spouse heirs to deplete Roths within 10 years, the withdrawals are tax-free. [Extracted from the article]

Many states in the top 10 have no income tax - but, particularly for retirees, property taxes can have an outsize effect on the tax burden. FROM THE EDITOR Mark Solheim While you wait for warmer temperatures and longer days, it's a good time to build a fire (or turn on the gas fireplace) and curl up with personal finance projects. To gauge the "tax friendliness" of a state, we calculated the sum of income, sales and property tax paid by two hypothetical retired couples. [Extracted from the article]

The state's top income tax rate is over 13%. Gasoline taxes are among the highest in the U.S. Property taxes are around 1.1% of market value, but your usage of a $400,000 price means that, in coastal California, your property would be around 500 square feet. Editor's note: Yes, California's top income tax rate is 13.3%, but most people pay at a much lower rate - in fact, with nine brackets starting at 1%, California actually has one of the most progressive tax-rate structures in the nation. [Extracted from the article]

The article explains the variation in tax bill among U.S. states. It is noted that federal taxes will be the same no matter where one lives, but state and local tax burden can vary from one location to another. Some states in the U.S. are more tax-friendly for retirees than others. States including Alabama, Hawaii, Kansas, Louisiana, Massachusetts, Michigan and New York, exempt government and military pensions from state income taxes. INSETS: PENSIONS;SOCIAL SECURITY BENEFITS;SALES TAXES;PROPERTY TAXES