Back to today’s briefing

Story perspectives

Top U.S. Cities with No Taxes on Retirement Income

12/26/2025

44 6 Full Breakdown

Summary

Story summary

Evanston, Wyoming ranks first in tax competitiveness and imposes no state taxes on retirement income nationwide.
Carson City, Nevada offers lake activities and does not tax retirement income.
Hermitage, Pennsylvania features low taxes and attractions like a free golf course.
Johnstown, Pennsylvania lets retirees enjoy urban amenities at lower costs.

History

Historical Context

The Tax Reform Act of 1986, signed by President Ronald Reagan on October 22, significantly reshaped U.S. tax policy by lowering the top marginal tax rate from 50% to 28% and eliminating numerous deductions. This reform aimed to simplify the tax code and enhance fairness, influencing states like Wyoming and Nevada to attract retirees with favorable tax environments, thereby impacting state competitiveness and economic strategies.

1 of 2

Story summary

Evanston, Wyoming ranks first in tax competitiveness and imposes no state taxes on retirement income nationwide.
Carson City, Nevada offers lake activities and does not tax retirement income.
Hermitage, Pennsylvania features low taxes and attractions like a free golf course.
Johnstown, Pennsylvania lets retirees enjoy urban amenities at lower costs.

1 / 2