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5 Least Tax Friendly States to Retire

Avoid these potential retirement places if taxes are a main concern

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#2 Least Tax Friendly State to Retire: Vermont

Just as in Minnesota, Vermont taxes most retirement income — with the state government eager to nab a hefty portion of your monthly checks. Social Security benefits are taxed just as they are by the federal government — as high as 85%. What more, there’s sales tax (6%), state income tax (up to 9%) and just to kick you when you’re (literally) down, an up to 16% estate-tax rate on higher estate values.

Article printed from InvestorPlace Media,

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