How Idaho Taxes Retirees (Video)

Idaho does their taxes the EXACT way I prefer, low property and sales tax and a bit higher on the income side.

Obviously, low for all three is ideal, but the state has got to get its money from somewhere.

Idaho is VERY favorable on property taxes. Now, if you just look at teh state tax rate on sales tax you may be disenchanted. Don’t do that!

You’ve got to look at the tax rate for state AND the localities! In this case, Idaho is extremely favorable.

Income tax is a bit high. Not extraordinarily high. But higher than I’d prefer. However, income tax can be manipulated with some basic financial planning.

So, Idaho, great french fries and a very favorable tax code as well.

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