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Subject:  Re: New Tax on Retirees proposed Date:  7/10/2009  6:59 PM
Author:  billjam Number:  15239 of 20632

Some people are in a position to vote with their feet. For example, I would love to move 15 miles from OR (9% income tax) to WA (0 income tax). That would go a long way to mitigate the coming federal income tax hikes and carbon taxes. Unfortunately, DW won't leave this house until we are too feeble to manage the stairs. At the rate we are going that's going to be at least another 15 years.

Interesting thing about state taxes, they all have them but who they tax varies. Don't like high income tax? Move to Illinois with a 3% flat tax. And no tax on pension, SS or qualified retirement distibutions. Just don't buy a big house. Illinois relies heavily on property taxes for local gov't and schools. Our state sales tax is in the middle of the pack but some cities and counties pile on high sales taxes of their own. Stay out of Chicago if you like to buy things.

Every year some magazine does a comparison of the total tax burden from income, property, sales, gasoline taxes. For the majority of states the burden is pretty even. Sure you can find a few extremes at the top and bottom but with most states it's a matter picking the one that taxes your specific situation the least.
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