Tax season is safely behind us, so it’s time to breathe a sigh of relief. But if you paid more to the IRS than you feel you should have, maybe it’s also time to start thinking about doing things a little differently. Maybe it’s time to think about living in a state where the tax burden is less than it is where you are now.
Some states have low property taxes, low gasoline taxes and low sales taxes. Some have low income tax rates, and some expect not one cent of income tax revenue from its residents. Each of these states is the closest thing there is to an American tax haven, and there are many factors to consider for anyone thinking about relocating to one.
Using data from tax service provider H&R Block, CNBC.com lists the top 10 states for low tax burdens. We also spoke to financial experts for insight into things you should think about before you sell your house, pack your bags and drive into the sunset.
Read ahead to see which states qualify as American tax havens.
By Daniel Bukszpan
Posted 01 May 2012