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Escaping the Tax Man

Baby Boomers are rightfully concerned about not outliving their financial resources. One of the most vexing is taxes. Here are the states where your tax bite may be less painful:

Alaska & New Hampshire: These states collect no tax on sales, income or Social Security.

Florida, Tennessee, Texas, Nevada, South Dakota, Washington and Wyoming: No taxes on income, Social Security or pensions.

38 States and Washington, D.C.: Do not tax income from Social Security

Many states have other taxes, such as on interest and dividends, sales taxes and high property taxes, so consult your financial advisor before making any final decisions.

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