Sales tax. Sales tax will typically apply to many of the purchases you make in retirement. There are five states without a sales tax: Alaska, Delaware, Montana, New Hampshire and Oregon. California has the highest sales tax rate at 7.5 percent, and the state sales tax is 7 percent in Indiana, Mississippi, New Jersey, Rhode Island and Tennessee. You should have a sense of where your dollars go so that you can determine how the sales tax structure of your target state will affect you, Slesnick says. Also, local jurisdictions might add on an additional sales tax.
Posted on: Sat, 09 Aug 2014 23:31:46 +0000
Trending Topics
Recently Viewed Topics
© 2015