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In a recent SmartAsset study, each of the Treasure Coast's three counties ranked in the top 25 most tax-friendly places in Florida for retirees. St. Lucie County was the only one to break the top ...
Although there’s no Florida income tax for individuals, the state does charge a 5.5% corporate income tax rate. Without an income tax, Florida is often a popular destination for retirees or ...
In comparison, New York has a 10.9% state income tax, California has a 13.3% tax, South Carolina has a 6.5% tax and Arizona has a 2.5% tax, according to the Tax Foundation.
The Florida Factor: 5 More Options for Sun-Seeking Retirees. Our experts couldn’t stop raving about Florida, so here are a few more Sunshine State options to consider. First is Bal Harbour, Florida.
By then, you may be in a lower marginal tax bracket after you retire. ... Florida's Retirees Are Fleeing: Experts Predict These 5 States Will Be Top Retirement Spots in 10 Years.
“The state has no taxes on Social Security benefits, pension income or withdrawals from retirement accounts such as 401(k)s and IRAs. This makes it an attractive destination for retirees looking ...
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