FLORIDA, no income tax

Florida has long been known as the snowbird state; retirees flock there for the warm climate and lack of a state income tax, making it the fourth most populated state in the nation (more than one-third of its population is 65 or older). It also has a high unemployment rate of 11.8% and eight of the top 20 metro foreclosure rates including Cape Coral-Fort Myers (11.87%), Orlando-Kissimmee (8.17%), Port St. Lucie (7.58%) and Miami-Ft. Lauderdale-Pompano Beach (7.16%). Lower property valuations are going to compound the state's projected $3.2 billion spending gap this year, but the state will recoup some of its losses (at your expense) with its relatively high 6% sales tax, gas tax (.34 cents per gallon), and liquor tax ($6.50 per gallon.)