What States Have The Lowest Sales Tax?
Paying taxes is practically unavoidable, but paying sales taxes in a particular state can be the difference between shelling out a lot and a little. Each state differs among the ways that it funds their budget, so this means that there are varying sales taxes across the board in the US. If you’re looking for a place that isn’t too severe with taxes or if you’re just interested in learning about it, these are the states with the lowest sales taxes.
Alaska
Coming in first, Alaska has a whopping sales tax of 0%. That’s right, Alaska requires that residents pay no sales tax whatsoever. In fact, they even receive tax refunds all because of the abundance of revenue it generates from the companies that pull out oil from the state.
Delaware
Delaware is another state that does not require its residents to pay any sales tax. Because of this, Delaware residents are lucky enough to receive some of the lowest state taxes in the nation.
Montana
Montana is another state that is privileged with the advantage of not having to pay any sales tax. This means residents can easily purchase goods without the hassle of having to shell out the extra tax dollars.
New Hampshire
New Hampshire is fortunately blessed with not having to pay any sales tax whatsoever. They’re not even required to pay on personal income tax. Nice!
Oregon
Oregon is another one of the states with the lowest sales tax as it doesn’t charge any. Even with prepared food, the maximum tax that residents will have to luckily shell out is 5%.
Colorado
Even though Colorado is also among the states with the lowest sales tax, it ranks in at number 6 with a 2.9% sales tax. Colorado is technically the state with the lowest sales tax if you exclude the ones that have none whatsoever!
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