New Hampshire

New Hampshire is one of the six New England states in the northeastern corner of the United States and is historically the first state to hold presidential primary elections. Ski resorts, nature trails and the Atlantic coastline make New Hampshire a popular tourist destination. It is the only state in the union that does not have either a general sales tax or an individual income tax. Despite high local taxes, the overall effect of these policies has been to give New Hampshire taxpayers one of the lightest tax burdens in the nation. Over-reliance on textiles caused a long depression in New Hampshire after southern producers delivered improved technology and lower costs.  Residents in the northern part of the state were protected from this depression due to the presence of strong logging and paper industries. Today’s economy is significantly more diversified with manufacturing, tourism, healthcare, and real estate all playing a significant role.