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URL:  http://boards.fool.com/sc-is-good-for-retirees-on-middle-income-i-mean-30798211.aspx

Subject:  Re: Poll: Where to live Date:  7/27/2013  4:11 PM
Author:  fleg9bo Number:  18554 of 19378

SC is good for retirees on middle income (I mean REAL middle income, like the middle 3 income quintiles, not the definition of middle income that goes up to $250k or even $400k!). South Carolina doesn't tax Social Security, and starting at age 65, not the first $15k of retirement income per person.

OR is a mixed bag. The 9% income tax kicks in at a fairly low level of taxable income, but SS is exempt and we have no sales tax. You are also allowed to deduct all your medical expenses, not just those above 7.5% of your adjusted gross income. Oops -- it's now up to 10% thanks to ObamaCare. Flooding isn't much of a problem in most areas but you'll want to consder earthquake insurance if you live west of the Cascades, where the majority of the population does.

If your income is on the higher end, you'd be better off across the mighty Columbia in WA, where there is no personal income tax and you can avoid the sales tax on high-ticket items by purchasing across the river (except for cars). And where you can enjoy the same blessed climate.

--fleg
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