New York has the highest state and local tax burden per capita at $12,865, with property taxes in suburban counties often exceeding $15,000 annually. Other states with high tax burdens include California, New Jersey, Connecticut, Massachusetts, and Hawaii. Many tax retirement income, including pensions and IRA distributions, while Social Security is often exempt. Retirees can save significantly by relocating to states like Florida, Texas, or Nevada, which have no income tax.
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