States without income taxes must collect revenue through other means such as property and sales taxes. Factors like property tax rates should be considered before moving to a state with no income tax. Texas, for example, has high property tax rates but no income tax. Tennessee, on the other hand, has no income tax and low property tax rates but high sales tax. The lack of income tax benefits high earners the most, while retirees may face challenges with rising property taxes. Consider all factors before deciding to move to a state without income taxes.

Read more at Nasdaq: Is It Really a Tax Haven? What to Know Before Moving to a No-Income-Tax State.