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I agree articles like this are click-bait. Also, there is a clear, distinct trend of people leaving high-tax, high regulation blue states, and moving to low-tax, low-regulation red states.
If people want to move to Florida for the weather and activities and retirement, fine. But when I hear it’s “for the no state income taxes” it makes me scratch my head. If you’re making less income and having more from social security or other retirement vehicles, I’m not so sure Florida is your best choice if you’re moving based on tax burden as your lazy criteria.
Their tax structure is specifically designed to have a sales tax on consumption at the state level and many cities have their own. They know it’s full of retirees (and visiting tourists) not earning incomes and plan accordingly.
Lower state income taxes also probably just pushes up free cashflow/competition for property prices to rise and for local governments to hit you with higher property tax.
Maybe it would be better to go somewhere with lower sales and property tax and pay a lower burden state income tax rather than without one but a sales tax to specifically capture the tourism industry and retirement industry flowing to your state.
But there’s no state income tax in Florida!!!!! Ok…
If people want to move to Florida for the weather and activities and retirement, fine. But when I hear it’s “for the no state income taxes” it makes me scratch my head. If you’re making less income and having more from social security or other retirement vehicles, I’m not so sure Florida is your best choice if you’re moving based on tax burden as your lazy criteria.
Their tax structure is specifically designed to have a sales tax on consumption at the state level and many cities have their own. They know it’s full of retirees (and visiting tourists) not earning incomes and plan accordingly.
Lower state income taxes also probably just pushes up free cashflow/competition for property prices to rise and for local governments to hit you with higher property tax.
Maybe it would be better to go somewhere with lower sales and property tax and pay a lower burden state income tax rather than without one but a sales tax to specifically capture the tourism industry and retirement industry flowing to your state.
But there’s no state income tax in Florida!!!!! Ok…
We are in one of the highest tax states in the country plus New York City has its own income tax …
Our state and local taxes are crazy low ..
Our ss isn’t taxed , my wife’s pension isn’t taxed , the first 20k in retirement money isn’t taxed , our treasuries are not taxed ….when I work my whole check goes in the 401k .
we get a 1600 dollar tax credit from the state for having our long term care plan and we have to carry some over we pay so little . We get a 16k standard deduction too
Being next door to NJ and near enough to NYC I know all about their situation. NJ deserves to be near the top of the list for sure, but number 1 state to not live in has to be California, it's a darn near Marxist regime out there, a nanny state, with a super high cost of living, high taxes, high gas costs, horrible commutes, illegal immigrants running wild, and so forth. Let's not forget wildfires, earthquakes and an ongoing drought.
By the way, PA is no paradise either. It's got some good points, but poor weather for 1/3 of the year. I'd rather be elsewhere.
You left out all the petty criminals, drug addicts, homeless scum, ghetto gangs, mentally ill freaks, welfare leeches, stuck up ultra rich entitled Karen’s and utterly corrupt politicians that run the show. California is pretty bad.
If we look at which taxes are high, we see real estate is a major culprit. In "blue" cities and towns, those taxes fund schools, police, fire, etc. Those high-tax states have excellent schools and people will pay that premium. Once the kids are up and out and taxpayers find themselves on a fixed income, it is not a priority so people move away.
Discussing school systems in low-tax states is beyond the purview of this thread but as long as the demand for good schools is a consideration there will always be those willing to pay and those (like retired people) who don't want to or just cannot.
You left out all the petty criminals, drug addicts, homeless scum, ghetto gangs, mentally ill freaks, welfare leeches, stuck up ultra rich entitled Karen’s and utterly corrupt politicians that run the show. California is pretty bad.
Wow, that's painting with a very broad brush. We lived in SoCal for six years in the 2000s. As I reflect on those years, the biggest problem I could see was that everyone wanted to live there and everyone did. I loved it - the weather, the mountains, the ocean...
Moving back is not in the cards because it would be too expensive. There is no little corner than hasn't been discovered and developed to the maximum. Believe me, I've looked.
BTW, plenty of states host people like the ones mentioned above, it's not just a California thing.
If people want to move to Florida for the weather and activities and retirement, fine. But when I hear it’s “for the no state income taxes” it makes me scratch my head. If you’re making less income and having more from social security or other retirement vehicles, I’m not so sure Florida is your best choice if you’re moving based on tax burden as your lazy criteria.
Their tax structure is specifically designed to have a sales tax on consumption at the state level and many cities have their own. They know it’s full of retirees (and visiting tourists) not earning incomes and plan accordingly.
Lower state income taxes also probably just pushes up free cashflow/competition for property prices to rise and for local governments to hit you with higher property tax.
Maybe it would be better to go somewhere with lower sales and property tax and pay a lower burden state income tax rather than without one but a sales tax to specifically capture the tourism industry and retirement industry flowing to your state.
But there’s no state income tax in Florida!!!!! Ok…
I moved from NJ to FL 8 years ago. Straight up swap on property values. Property taxes in FL are 1/3rd what they were in NJ.
Sales tax is a push.
Income tax, well you already know that.
Car insurance cut in half.
Working remotely so still making the same salary (more relevant now than it was 8 years ago). That's why this type of clickbait is a little more relevant than it used to be. The economic opportunity is much more mobile. That said, of course family will still be a big reason to live in a particular area, same with schooling and jobs that aren't able to be done remotely.
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