States with no Income Tax (Pros & Cons) | Brad Barrett

If you are planning on moving to a new state due to high taxes, high cost of living, remote work or several other reasons, there are many factors you need to consider. Moving to one of the 9 states mentioned in today’s show could lower your tax output and make your wallet a little heavier. However, just because a state has lower taxes doesn’t mean you’ll be happier. In this episode, Brad reveals the pros and cons of 9 states with no state income taxes, to help you figure out which state would be the best to relocate.
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26 CFR § 601.104 Collection functions.
(a) Collection methods
(2) Withholding of tax at source. Withholding at the source of income payments is an important method used in collecting taxes. For example, in the case of wage earners, the income tax is collected in large part through the withholding by employers of taxes on wages paid to their employees. The tax withheld at the source on wages is applied as a credit in payment of the individual's income tax liability for the taxable year. In no case does withholding of the tax relieve an individual from the duty of filing a return otherwise required by law. The chief means of collecting the income tax due from nonresident alien individuals and foreign corporations having United States source gross income which is not effectively connected with the conduct of a trade or business in the United States is the withholding of the tax by the persons paying or remitting the income to the recipients. The tax withheld is allowed as a credit in payment of the tax imposed on such nonresident alien individuals and foreign corporations.