No. of Recommendations: 7
We moved from Brooklyn to North Plainfield in 1985. We have lived in the same three bedroom, 1½ bathroom house, raised three sons, and are now empty nesters. In 1985, our property tax bill was $2,805. It was over $10,000 a few years ago,

Recently, I looked online at a beautiful four bedrooms, three baths, very affordable house in Nazareth, Pennsylvania. The property tax is just over $3,100.

while a retiree’s Social Security benefits are not taxed, New Jersey only allows for a retiree to pay no income tax if income is below $100,000. At $100,001, you are taxed on the entire amount. We have worked hard and saved hard over the years, and I am proud that our retirement income will exceed that threshold. As a result, we will get no tax break. Pennsylvania charges no income tax on any retirement income, including pensions, IRA’s, 401K’s, and Social Security."


https://www.nj.com/opinion/2019/04/why-im-leaving-new-jersey...

PA is five miles down the road from his house, which has gone down in value as more and more folks flee the state


t.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.