New Hampshire Named Top State with Zero Sales Tax Rate in the US
In a recent analysis of sales taxes in the US, New Hampshire has emerged as the top state with a zero sales tax rate. This finding comes as part of a comprehensive report on the 15 states with little to no sales tax rates in the country.
New Hampshire’s zero sales tax rate is a significant factor in its overall tax burden, which stands at 4.93%. This low tax burden is composed of a 3% personal income tax and a 1.93% property tax, making it one of the states with the lowest tax burdens in the US.
Unlike many other states, New Hampshire does not impose any form of state or local sales tax, making it an attractive destination for residents and businesses looking to minimize their tax liabilities.
The absence of a sales tax in New Hampshire is a key feature that sets it apart from other states and contributes to its overall tax-friendly environment. This, combined with its low tax burden and favorable business climate, makes New Hampshire a top choice for individuals and companies seeking to maximize their financial resources.
For more information on the states with the lowest sales tax rates in the US, including those with zero sales tax like New Hampshire, be sure to check out the full report on the 15 States With No or Lowest Sales Tax Rates in the US.