Americans are fleeing 5 states to avoid income tax rates
The most infamously anticipated day of the year might just be April 15 — and if that date isn’t ringing a bell as a national holiday you should have memorized, it’s because it’s Tax Day, aka a time to say goodbye to some of that money we thought we actually got to keep in our accounts.
From loopholes to ‘OMG’-inducing fines, it can begin to feel like you’re getting slammed with tax payments on everything you own — especially when it comes to where you live.
Income tax rates range massively across the United States, with some states taxing residents as high as 13.3 percent come pay day.
And while uprooting your entire life is probably not the most ideal of solutions to avoid paying taxes, many are finding a way to move out of expensive income-tax areas to more affordable areas without much of a hassle at all — by moving just barely across state borders.
Though a move is still a move at the end of the day, these distances are minimal and have the potential to provide major payoffs every April in years to come.
Here are five states where residents are border-hopping to alleviate high income tax rates — and the developments they’re flocking to once they make the jump: