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According to U-Haul's 2023 growth index, Americans flocked to Texas and Florida and that, for the fourth year in a row, the state of California had the largest net loss of one-way movers. One of the reasons behind this move may be due to the fact that Florida and Texas are no income tax states. While having no income tax seems cost friendly, there are some down sides that Americans should keep in mind before making the big move. Yahoo Finance Reporter Rebecca Chen joins Yahoo Finance to help give insight into the pros and cons of moving to no income tax states. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
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