The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: What is the best state to retire in?||Date: 5/12/2004 7:09 AM|
|Author: Goofyhoofy||Number: 71786 of 122846|
I'm with Phil on this one. It is generally not a good idea to have your major life decisions driven primarily by taxes
I agree, but some people are, uh, goofy about taxes.
So in the spirit of continuing the thread, I'll pass along one of the tips from the Retire Early board (a few years ago) written by just one such person.
Live in a state with no income tax which supports itself with high sales taxes. But live right at the border of a state with no sales taxes which supports itself with income taxes.
Then drive across the state line to do all your shopping. Washington/Oregon may fit the bill. New Hampshire/Massachusetts? Tennessee/North Carolina? and so on.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|