Please register to participate in our discussions with 2 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.
It could be quite significant. Of course it would mean giving up on those higher welfare checks, but maybe you don't need higher welfare checks. Check out this video;
It could be quite significant. Of course it would mean giving up on those higher welfare checks, but maybe you don't need higher welfare checks. Check out this video;
And how much money could I save if I ate McDonalds (Alabama, Florida) every night instead of good healthy food (California, Massachusetts)? Sorry, quality of life is worth way more to me than the lowest price tag.
When I move for semi-retirement living, tax rates will not factor in at all.
It could be quite significant. Of course it would mean giving up on those higher welfare checks, but maybe you don't need higher welfare checks. Check out this video;
Then, I have to figure in my lower salary from leaving New York. Then, I have to count up a dozen miscellaneous "fees" that "low-tax" states use to score political capital because "tax" is a curse word. Finally, I have to re-calculate my grocery bill, because less progressive states tend to tax food at the grocery stores.
Nope, sorry I'm not ditching a couple grand in moving expenses to save a couple bucks a year in taxes and have a lower quality of life. No thanks.
It could be quite significant. Of course it would mean giving up on those higher welfare checks, but maybe you don't need higher welfare checks. Check out this video;
I just did a general search using their calculator. It says I would save over $1,000 a year moving from California to Texas.
However, I'm not sure if it factored in the cost of the heavy medication I'll need after trading in palm trees, mountains, the ocean, and perfect weather for a barren, flat, humid-as-hell cesspool.
And how much money could I save if I ate McDonalds (Alabama, Florida) every night instead of good healthy food (California, Massachusetts)? Sorry, quality of life is worth way more to me than the lowest price tag.
When I move for semi-retirement living, tax rates will not factor in at all.
Your net costs would be negative moving to Alabama and Florida, because you have to consider higher rates of obesity and greater health care costs in the long run. My biggest pet peeve about the conservative states are their objection to public transportation, half-ass response to the needs of bicycle commuters, and lower quality of health care. No one is saving any money in those important areas of life.
Also, the climate in the South is far worse than the North for people who do extensive outdoor exercise such as myself. I'm not biking 100 miles in 95 degree weather with humidity. To hell with that.
It's a very complicated equation. Especially for the upper middle class (those making between $100-300k a year). I am not talking wealth here. Purely yearly income. Top 1% "wealth" is at 8 million.
Many high tax states like New Jersey Maryland etc. these people will get hit with the AMT which basically kills those state income tax deduction as well as kills their property tax deduction.
Factor in housing as well. A nice "middle class" 2500-3000 square foot 1980s-1990s home. I ain't even talking about new McMansions will run u at least $500-600k in the Wash DC proper metro are.
You can get newer home in say the Dallas suburbs for around $350-400k.
In the end. Just remember no one moves up north to "retire" in New Jersey New York.
And how much money could I save if I ate McDonalds (Alabama, Florida) every night instead of good healthy food (California, Massachusetts)? Sorry, quality of life is worth way more to me than the lowest price tag.
When I move for semi-retirement living, tax rates will not factor in at all.
Alabama and FL have very healthy food. And I would bet that CA has more McDonalds than AL and FL combined.
And with the money you save by moving, you could AFFORD to buy fresh healthy food.
Nice deflection but false data.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 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.
