The Motley Fool Discussion Boards

Previous Page

Investing Strategies / Retirement Investing


Subject:  Re: Poll: What is your biggest expense in retire Date:  5/25/2022  11:27 PM
Author:  bighairymike Number:  107563 of 108397

Apparently Big Hairy Mike's taxes in Texas are much higher than yours in MA. When I was in Massachusetts, we called it, "Taxachusetts".

Texas has no income tax so the state is financed by sales taxes and real estate taxes. Both are high. But they don't hit the precious billionaires very hard,compared to the lower income folks.



Missing from 38P's expense list was federal taxes. Maybe his are really zero but that is the major difference between his taxes and mine.
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us