The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: New Tax on Retirees proposed||Date: 7/10/2009 7:39 PM|
|Author: fleg9bo||Number: 15240 of 19577|
Just don't buy a big house. Illinois relies heavily on property taxes for local gov't and schools.
Oddly enough, WA with its zero state income tax has property taxes that are comparable to OR's, at least in the part of WA that makes up part of the Portland metro area.
with most states it's a matter picking the one that taxes your specific situation the least.
Exactly. Decent income and modest spending points to WA. I keep track of our expenditures and was thus able to roughly calculate what our sales tax would be in WA. It ran about 10 to 20% of what our income tax in OR was from when we moved here through 2007. 2008 and 2009 with no cap gains for OR to tax probably makes it the winner for now. Long term, I believe WA would be the winner.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|