Top seven states with the lowest taxes for retirees

Which states have the lowest taxes for retirees?

7. Wyoming

Robert Graves/AP/File
Bison graze near a stream in Yellowstone National Park in Wyoming in 2014.

Wyoming ranks first on the Tax Foundation's 2015 Business Tax Climate Index because of no tax on personal or corporate income, low sales tax of 4%, and low property tax. Median home prices are $103,000. And though the cost of living is already low, the state of Wyoming has no excise tax, which means you won't pay an additional levy on items like food and gasoline.

This list was originally posted on Wise Bread.

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