Tax-Friendly Places 2007

See how much you'll play in income, sales and property taxes around the country.

States with highest sales tax
Mississippi 7.00%
New Jersey 7.00%
Tennessee 7.00%
Rhode Island 7.00%
Minnesota 6.50%
Nevada 6.50%
Washington 6.50%
California 6.25%
Illinois 6.25%
Texas 6.25%

States with no sales tax
Alaska
Oregon
Montana
Delaware
New Hampshire
Source: CCH Inc.
Cha-ching! Taxes at the register
If you happen to shop in Mississippi, New Jersey, Tennessee or Rhode Island, face it - you're going to have to cough up a lot more money in sales taxes.

While a few eschew it, just about every state relies on sales tax receipts for revenue.

While sales taxes nationwide tended to hold fairly steady last year, a few states, such as Idaho and South Carolina, instituted increases by promising to lower property tax bills.

But lower state sales taxes doesn't mean you will escape paying sales tax altogether. Many local governments can, and do, charge additional sales tax.

Alaskan residents, for example, boast not having to pay state sales tax, but residents of Juneau are on the hook for a 5 percent sales tax on all their purchases. In Chicago, shoppers are required to pay an additional 2.75 percent in sales tax on top of Illinois' 6.25 percent state sales tax.

Tax friendly states Tax friendly cities Income tax Sales tax Retiree breaks Property tax - states Property tax - counties State rankings City rankings
5 slam-dunk uses for your refund Tax refunds are up this year, topping $2,500 on average. How will you use yours? (more)
5 tax audit red flags A guide to what the IRS looks out for on returns. (more)
10 tax blunders that can cost you Plenty of Americans bungle their return every year and pay extra in penalties as a result. Here's how you avoid making those same mistakes. (more)

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.