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Old 12-24-2012, 10:33 PM
 
Location: Tucson/Nogales
17,406 posts, read 21,249,654 times
Reputation: 24237

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What would it take? A 1% tax, 2%, 3%, 4%, 5% or higher?

And how many could afford to make the move given the depressed housing prices in Nevada? And where would you go? To another state with no state income tax?

Just curious!

Texas? No state income tax, but those sky high real estate taxes stop me cold! What would I gain!!
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Old 12-24-2012, 11:50 PM
 
Location: Tyler, TX
15,202 posts, read 18,261,876 times
Reputation: 8032
We'd leave as soon as we could get out of our leases here, and find new spaces elsewhere.

We already want to leave for greener pastures - literally (we're tired of the southwest) - and the only reason it's not our top priority is the lack of state income tax. If they flipped that switch, we'd be gone before the light came on.

Most likely candidate is east Texas, although my top choice is Wyoming. That'll probably end up being our retirement destination. We've also considered northeast Tennessee, although it's pretty low on the list. Most likely we'll end up somewhere around Sulphur Springs, Tyler, Longview, etc. - the areas east of Dallas are where we're focusing our research right now.
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Old 12-24-2012, 11:55 PM
 
2,179 posts, read 3,678,365 times
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I'd recommend Amarillo ,TX. No state income taxes, 4 seasons without the humidity in the summer, still a western flare and a few hours from the NM Mountains.
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Old 12-24-2012, 11:57 PM
 
2,179 posts, read 3,678,365 times
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Quote:
Originally Posted by swagger View Post
We'd leave as soon as we could get out of our leases here, and find new spaces elsewhere.

We already want to leave for greener pastures - literally (we're tired of the southwest) - and the only reason it's not our top priority is the lack of state income tax. If they flipped that switch, we'd be gone before the light came on.

Most likely candidate is east Texas, although my top choice is Wyoming. That'll probably end up being our retirement destination. We've also considered northeast Tennessee, although it's pretty low on the list. Most likely we'll end up somewhere around Sulphur Springs, Tyler, Longview, etc. - the areas east of Dallas are where we're focusing our research right now.
East Texas is brutal. Boring scenery and too much like Arkansas and Louisiana.
Oppressive humidity and heat in the summer. Check out the Panhandle or El Paso which is one of the safest cities in the country. Ironically, border towns are safer than areas some 100 miles north.
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Old 12-25-2012, 01:48 AM
 
Location: Kingman AZ
15,371 posts, read 34,665,405 times
Reputation: 9016
NOT possible, read the state constitution,
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Old 12-25-2012, 04:51 AM
 
139 posts, read 136,940 times
Reputation: 114
staying....... and like dynimagelv said NOT possible.
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Old 12-25-2012, 10:31 AM
 
Location: Cold Springs, NV
4,575 posts, read 9,651,454 times
Reputation: 5037
I just retired here because of no state tax. While I'm really pleased where I am. I would consider a move it it got to be too much.
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Old 12-25-2012, 10:40 AM
 
Location: Kingman AZ
15,371 posts, read 34,665,405 times
Reputation: 9016
it will be ZERO the State Constitution prohibits it and a constitutional change would take YEARS despite what the Tax happy Kalifornicators would want.....

NOTE....Kalifornicators is NOT a reflection on Californians.....Kalifornicators moved here and then tried to make it like the Peoples Republic of Kalifornia. Californians moved here and became Nevadans
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Old 12-25-2012, 06:18 PM
 
Location: Tucson/Nogales
17,406 posts, read 21,249,654 times
Reputation: 24237
When I posted this, I was well-aware of the Constitution prohibiting it, and what it would take to change it, but the question remains: What if and when?
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Old 12-25-2012, 07:31 PM
 
1,071 posts, read 1,597,612 times
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I'm not quite getting it, tijlover. Granted, I really do like states with no income tax. I lived in several. And, I despise having to prepare and file a separate income tax form for state income taxes.

However, if Nevada somehow instituted an income tax, I don't think it necessarily would make me chose another state to call my domicile. What is important to me is the total tax burden. States have several ways to levy taxes whether it be an income tax, sales tax, property tax, gas/fuel taxes, licensing fees, business and occupation taxes, etc., etc.

One report I read recently said that Nevada was amongst the ten states with the lowest tax burden to its individual residents. Because the gaming industry helps to alleviate the tax burden to individual residents, only about 50-60% of taxes paid to the state and its local governments came from residents.

Sure, Nevada doesn't have currently have an income tax, but remember, it has relatively high sales taxes and gasoline taxes. States are going to get their revenue in some way or the other and it doesn't all have to come from income taxes. So as long as the totality of Nevada's tax burden remains relatively low, I'm staying.

And yes, Texas does have a relatively low tax burden too but I'm not sure I'm ready to call Texas home even so.
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