5 Tax-Friendly States for High Income in the US

In this article, we will look at the 5 tax-friendly states for high income in the US. If you want to read our detailed analysis, head straight to 20 Tax-Friendly States for High Income in the US.

5. Nevada

Individual Income Tax Rate: 0%

Per Capita Income: $34,621

Nevada does not have individual income tax and has a per capita income of $34,621. Ranked fifth on our list, Nevada is one of the tax-friendly states for high income in the US. 

4. Florida

Individual Income Tax Rate: 0%

Per Capita Income: $35,216

Florida does not have an individual income tax. The US state has a per capita income of $35,216 and makes it to our list of tax-friendly states for high income in the US.

3. Wyoming

Individual Income Tax Rate: 0%

Per Capita Income: $36,288

Wyoming does not have individual income tax and has a per capita income of $36,288. Wyoming makes it to the third spot on our list of tax-friendly states for high income in the US. 

2. Alaska

Individual Income Tax Rate: 0%

Per Capita Income: $39,236

Alaska does not have an individual income tax and makes it to our list of tax-friendly states for high income in the US. Alaska has a per capita income of $39,236.

1. Washington

Individual Income Tax Rate: 0%

Per Capita Income: $43,817

Washington has no typical individual income tax. However, the state charges a levy of 7% on capital gains income. With a per capita income of $43,817, Washington ranks first among the tax-friendly states for high income in the US.

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