Tax-Friendly Places 2007

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

Source: CCH Inc.
Relief for retirees
Sometimes getting a tax break has nothing to do with your shopping habits, income or location. In fact, half of the states in the country offer a tax break to individuals who are at, or near, retirement age.

And those benefits can vary widely, according to CCH Inc.'s John Logan.

In Iowa, for example, individuals 55 years of age or older get an income tax break. Married taxpayers filing jointly qualify for a $12,000 exemption, while single individuals can get a similar tax break for half that amount.

Illinois taxpayers, on the other hand, are exempt from paying state income taxes on any income from a pension or a 401(k), which can provide a big savings boost to those in retirement.
Tax friendly states Tax friendly cities Income tax Sales tax Retiree breaks Property tax - states Property tax - counties State rankings City rankings
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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.