U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Delaware
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 09-18-2008, 11:06 AM
 
35 posts, read 70,822 times
Reputation: 19
Default State Income Taxes?

like so many other Jerseyites (well, sort of, we were transferred there 10 years ago from Maryland) we are thinking of downsizing to Delaware. Hubby's job allows a home-based office so we will be free to do this when the last child leaves for college in a year. My question to any tax buffs, is what are the state income tax advantages vs. NJ residency/income taxes, considering we would still be earning a good income for at least 10 years.
thanks in advance
Reply With Quote Quick reply to this message

 
Old 09-18-2008, 03:57 PM
 
445 posts, read 835,878 times
Reputation: 324
Quote:
Originally Posted by bookgrl View Post
like so many other Jerseyites (well, sort of, we were transferred there 10 years ago from Maryland) we are thinking of downsizing to Delaware. Hubby's job allows a home-based office so we will be free to do this when the last child leaves for college in a year. My question to any tax buffs, is what are the state income tax advantages vs. NJ residency/income taxes, considering we would still be earning a good income for at least 10 years.
thanks in advance
Here is a great resource that may help.
Taxes by State

$400k house will have RE taxes of $2,500-$3,000
5.95% State Income tax (thats the max rate)
ZERO Sales tax except on auto purchase. They call it a fee, but its something like 4% of blue book.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Delaware
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top