10 Places To Retire and Pay Way Less In Taxes
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2. Florida, USA
Florida is a haven for retirees and a great choice if you won’t like Alaska’s long winters. Similar to Alaska, there is no state income tax to pay on your pension and Social Security funds. Florida boasts a warm climate but can be prone to tropical storms and flooding. The state sales tax rate is just 6% in this sunny town. And if you are on a fixed income, it is way better to live in a place where your money goes further. Florida is known for average, and even below average cost of living. Therefore in a place like Florida, you could do more with the money that you have, such things like travel, spend it on family or occasionally pamper yourself with restaurant dinners.
