Kiplinger magazine recently rated states for their tax burden on seniors. Oil-rich and gambling states tend to have to lowest tax rates for retirees.
1 Alaska, no income tax, state sales tax or estate or inheritance tax
2 Nevada, no state income tax, estate tax or inheritance tax. State sales tax of 6.85 percent
3 Wyoming, no state income tax, estate tax or inheritance tax. State sales tax of 4 percent.
4 Mississippi, state income tax of 3 percent, state sales tax of 7 percent and no estate or inheritance tax
5 Georgia, state income tax from 1 percent to 6 percent, state sales tax of 4 percent and no estate tax or inheritance tax
Sources: Kiplinger's analysis of state tax rules plus research by the Tax Foundation, a nonprofit organization in Washington, D.C., and CCH, a leading provider of tax information and software.