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URL:  https://boards.fool.com/depends-where-you-want-to-live-tx-and-fl-and-nv-30707865.aspx

Subject:  Re: What State is Best? Date:  5/30/2013  8:38 AM
Author:  telegraph Number:  18409 of 21407

depends where you want to live.


TX and FL and NV and SD and a few others have no income tax.


If you are going to spend more than six months a year in a state,you will be a 'resident' and get socked for any state income taxes.

Some states like TN exempt pensions and maybe even 401K withdrawals but tax things like unearned income - stock portfolios, dividends, bond interest, etc.....

Ya gotta figure out where you want to live.....

If you can be a 'snow bird' and spend less than six months somewhere.....then there are more options....

If you want to be a full time RV'er..or spend less than six months a year in a house anywhere......then become a resident of SD....no income tax,no annual car inspections,.....you only need to show up once every five years to renew your driver's license....


You'll find that in some states....like TX...no income tax, but 8.25% sales tax and higher real estate taxes to make up for the lack of income tax.


t.
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