[JayCT]

Originally Posted by CTartist

I have been posting articles like this for some years now on here.

Connecticut in it's entirety gets a bad rap when Fairfied County is always in the "Most Expensive Places to Live" lists. But I am doing my homework and know that I can retire someplace out of Fairfield County in CT and should be comfortable.

I know you have but many here continuously complain about the cost of living in our state. Look at the discussion we were just having. Jay

[CTartist]

Originally Posted by JayCT

I know you have but many here continuously complain about the cost of living in our state. Look at the discussion we were just having. Jay

I know lol. That is why I always like to back you up on this subject.

I have also posted the next statement over and over too.........If you live in state that has a PROGRESSIVE tax structure (like CT) you will be much better off if you are middle class, working class or poor in our state than other states that have flat taxes or no income taxes like many southern states.

But it always seems to fall on deaf ears.

Here are all the usual suspects that tax the poor the most. Looks like a lot of the states people are retiring to. They will get you in the end because what happens when people retire......they make a lot less money in retirement ESPECIALLY when inflation takes hold in 10+ years after you retire. As time goes on people in retirement get "poorer and poorer" because they don't have jobs and jobs keep up with inflation better than SS or retirement accounts you are pulling out of.


You'll Never Guess Which State Has the Nation's Most Unfair Taxes | Money

You know what really pisses me off. CT residents who move down south in retirement to save money on state taxes......then when a spouse dies the surviving spouse comes back to CT with their hands out for all the goodies. There should be a law in CT......if you leave to avoid state taxes you get no help from the state if you come back after a certain amount of years.

[JayCT]

Originally Posted by CTartist

I know lol. That is why I always like to back you up on this subject.

I have also posted the next statement over and over too.........If you live in state that has a PROGRESSIVE tax structure (like CT) you will be much better off if you are middle class, working class or poor in our state than other states that have flat taxes or no income taxes like many southern states.

But it always seems to fall on deaf ears.

Here are all the usual suspects that tax the poor the most. Looks like a lot of the states people are retiring to. They will get you in the end because what happens when people retire......they make a lot less money in retirement ESPECIALLY when inflation takes hold in 10+ years after you retire. As time goes on people in retirement get "poorer and poorer" because they don't have jobs and jobs keep up with inflation better than SS or retirement accounts you are pulling out of.

Attachment 216146
You'll Never Guess Which State Has the Nation's Most Unfair Taxes | Money

You know what really pisses me off. CT residents who move down south in retirement to save money on state taxes......then when a spouse dies the surviving spouse comes back to CT with their hands out for all the goodies. There should be a law in CT......if you leave to avoid state taxes you get no help from the state if you come back after a certain amount of years.

That’s a great analysis. Thanks for posting it. It is strange to see states that are commonly touted here for their low taxes but they appear to be low for the wealthy but not the poor or even the middle class.

It also ties into my pet peeve, taxes on groceries. As most here know, I find that reprehensible. You can live without owning a home and paying property taxes, you can live without a car, you can live without buying prepared foods like a rotisserie chicken but you can’t live without basic groceries.

I understand your anger about people who leave the state to avoid taxes but we can’t limit who gets assistance and who doesn’t. I have seen that a number of towns that offer tax credits to the elderly but have a minimums residency length requirement. Jay

[Beeker2211]

Originally Posted by CTartist

You know what really pisses me off. CT residents who move down south in retirement to save money on state taxes......then when a spouse dies the surviving spouse comes back to CT with their hands out for all the goodies. There should be a law in CT......if you leave to avoid state taxes you get no help from the state if you come back after a certain amount of years.

I also have seen this happen often. A few family friends and clients that have tried the semi-retirement in FL, SC, NC, and TN and while it worked for a while their children didn't want to move down (due to expensive real estate in somewhat decent school districts for their own children) and found the social services utterly lacking. Quite a few came back up within a few years, with FL and SC providing a noticeable supply of the come backers.

Low tax states aren't some shangri-la that you get everything for less. For a lot of things we take for granted here just simply doesn't exist or is so poor it might as well not exist.

[Henry10]

Originally Posted by Beeker2211

I also have seen this happen often. A few family friends and clients that have tried the semi-retirement in FL, SC, NC, and TN and while it worked for a while their children didn't want to move down (due to expensive real estate in somewhat decent school districts for their own children) and found the social services utterly lacking. Quite a few came back up within a few years, with FL and SC providing a noticeable supply of the come backers.

Low tax states aren't some shangri-la that you get everything for less. For a lot of things we take for granted here just simply doesn't exist or is so poor it might as well not exist.

You have numbers, aka facts, not simply anecdotal?

[Henry10]

Originally Posted by JayCT

That’s a great analysis. Thanks for posting it. It is strange to see states that are commonly touted here for their low taxes but they appear to be low for the wealthy but not the poor or even the middle class.

It also ties into my pet peeve, taxes on groceries. As most here know, I find that reprehensible. You can live without owning a home and paying property taxes, you can live without a car, you can live without buying prepared foods like a rotisserie chicken but you can’t live without basic groceries.

I understand your anger about people who leave the state to avoid taxes but we can’t limit who gets assistance and who doesn’t. I have seen that a number of towns that offer tax credits to the elderly but have a minimums residency length requirement. Jay

Typically, states without an income tax are “unfair”, under the Socialist concept of “fairness.” How did it work for CT to stop the “unfairness” and introduce an income tax? (Rhetorical question)

CT’s head dive into income tax is hurting the working people the worst. Exactly the people article pretends to care about.

[SteveM85]

Originally Posted by Beeker2211

I also have seen this happen often. A few family friends and clients that have tried the semi-retirement in FL, SC, NC, and TN and while it worked for a while their children didn't want to move down (due to expensive real estate in somewhat decent school districts for their own children) and found the social services utterly lacking. Quite a few came back up within a few years, with FL and SC providing a noticeable supply of the come backers.

Low tax states aren't some shangri-la that you get everything for less. For a lot of things we take for granted here just simply doesn't exist or is so poor it might as well not exist.

Why would their children and grandchildren have to move with them? Don't they have their own lives to live?
What social services did they need?

[Beeker2211]

Originally Posted by SteveM85

Why would their children and grandchildren have to move with them? Don't they have their own lives to live?
What social services did they need?

As weird as it may sound, but places that extol low taxes tend to have pretty poor social services. Anecdotally healthcare is the biggest issue, with what would be help from nearby relatives became huge burdens. Few people account for health failing faster than they think, but it happens more often than not. Then there were a lot of people that went down to those areas with jobs that would ease out the edges falling to the wayside.

[BobNJ1960]

Originally Posted by Henry10

Typically, states without an income tax are “unfair”, under the Socialist concept of “fairness.” How did it work for CT to stop the “unfairness” and introduce an income tax? (Rhetorical question)

CT’s head dive into income tax is hurting the working people the worst. Exactly the people article pretends to care about.

Bingo.

[BobNJ1960]

https://www.nbcconnecticut.com/news/...565112382.html

Stag Arms leaving New Britain, 100 jobs lost.