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.
If you like paying income taxes, go to VT. You'll pay at least 7% and it is graduated so if you make more than $84k, you'll be at 8.25%. In NH, there is no income tax. Sales tax is 6% so buying a $20,000 car in NH would be $21,200 in VT. VT is the second highest taxed state in the country; NH is #49: State tax levels in the United States - Wikipedia, the free encyclopedia
There are many other differences:
NH: Dunkin Donuts; Chevys; Sams Club; AppleBees; Sam Adams; skiing; boating;football...
VT: Starbucks; Volvo; Pottery Barn; Wolfgang Pucks; Chardonnay; apres-ski; yachting; polo...
You might want to check out "the Upper Valley" area near Dartmouth college. You could live on the VT side of the border with the lower property taxes & shop in sales tax free NH. I don't know much about upstate NY, but I understand the housing is cheap as opposed to New England.
What would you consider a 'Tampa' or 'Orlando' size city (by comparison)? Not for living in, but for business with. For instance, we used to live 30 minutes north of Tampa, in a wonderful family oriented subdivision. Similarly there are great neighborhoods 30-45 minutes outside of Orlando. Close enough to be connected to the business community, far enough away to not be in the city. By comparison I mean, in VT, Burlington/Montpelier need to be on your business radar, but obviously Burlington is significantly smaller than a Tampa/Orlando. If that makes sense?
If you like paying income taxes, go to VT. You'll pay at least 7% and it is graduated so if you make more than $84k, you'll be at 8.25%. In NH, there is no income tax. Sales tax is 6% so buying a $20,000 car in NH would be $21,200 in VT. VT is the second highest taxed state in the country; NH is #49: State tax levels in the United States - Wikipedia, the free encyclopedia
There are many other differences:
NH: Dunkin Donuts; Chevys; Sams Club; AppleBees; Sam Adams; skiing; boating;football...
VT: Starbucks; Volvo; Pottery Barn; Wolfgang Pucks; Chardonnay; apres-ski; yachting; polo...
Right on, that is a big consideration. There is no State income tax in FL, just sales tax of 6%, but most counties piggy back various taxes on top so 7.5% on average. I also need to get with my accountant regarding my business incorporation in VT vs NH.
Now to really cinch the deal - your $20,000 car, is that a brand new Porsche or is it a BMW? I'll take two please...
IMHO - If I had a decent paying job I would prefer Vermont because of its access to Canada and the Adirondacks of NY. The left of extreme right politics are another attraction along with the reasonably progressive tax system.
The only reason we are in NH is we moved for employment and southern NH was close to the job. As I now work in downtown Boston it is still convenient. I find NH to have very regressive business and property taxes that do not take into account business’, person’s, and family's financial condition. This is even worse in the property and population poor towns in the North Country.
After I retire we will need to do a careful financial analysis to see if we can afford to continue to live in NH.
I can't let you do that Greg, we have not seen any covered bridges on bikes yet, besides you are my token liberal associate, what would I do without that?
What would you consider a 'Tampa' or 'Orlando' size city (by comparison)? Not for living in, but for business with. For instance, we used to live 30 minutes north of Tampa, in a wonderful family oriented subdivision. Similarly there are great neighborhoods 30-45 minutes outside of Orlando. Close enough to be connected to the business community, far enough away to not be in the city. By comparison I mean, in VT, Burlington/Montpelier need to be on your business radar, but obviously Burlington is significantly smaller than a Tampa/Orlando. If that makes sense?
In NH livng between Manchester & Concord would give you access to big cities (for NH) & you could live in a quiet place like Bow or Chester.
If you like paying income taxes, go to VT. You'll pay at least 7% and it is graduated so if you make more than $84k, you'll be at 8.25%. In NH, there is no income tax. Sales tax is 6% so buying a $20,000 car in NH would be $21,200 in VT. VT is the second highest taxed state in the country; NH is #49: State tax levels in the United States - Wikipedia, the free encyclopedia
The lowest income tax rate is 3.55 percent in VT, not 7 percent.
VT does overall have higher taxes than NH but NH property taxes are frequently worse than VT (there are exceptions, in the unorganized areas of NH for instance). VT does have a cap on property taxes at 5 percent of a person's income for the homestead (home and first 2 acres of any land) if the person's income is below a certain amount (which is higher than one might expect). The current use program helps if one has a lot of land.
Quote:
There are many other differences:
NH: Dunkin Donuts; Chevys; Sams Club; AppleBees; Sam Adams; skiing; boating;football...
VT: Starbucks; Volvo; Pottery Barn; Wolfgang Pucks; Chardonnay; apres-ski; yachting; polo...
That holds true in Burlington, Brattleboro, etc., (the fruit and nut cities of the state) but in much of the state there's little difference, particularly in the Northeast Kingdom. The big difference is the fruit and nut crowd controls VT's government, unlike in NH.
If you like paying income taxes, go to VT. You'll pay at least 7% and it is graduated so if you make more than $84k, you'll be at 8.25%. In NH, there is no income tax. Sales tax is 6% so buying a $20,000 car in NH would be $21,200 in VT. VT is the second highest taxed state in the country; NH is #49: State tax levels in the United States - Wikipedia, the free encyclopedia
There are many other differences:
NH: Dunkin Donuts; Chevys; Sams Club; AppleBees; Sam Adams; skiing; boating;football...
VT: Starbucks; Volvo; Pottery Barn; Wolfgang Pucks; Chardonnay; apres-ski; yachting; polo...
VT sales tax is 6%, but many places like South Burlington add another 1% on for insult. All those generous social programs to fund....
A word of warning if you do end up with a NH business: Be careful about Massachusetts contracts or you will end up paying Mass. withholding and unemployment taxes.
The lowest income tax rate is 3.55 percent in VT, not 7 percent.
RIght, but that is only for a small group at the low end of the income scale. Once you get to $34k, you are paying 7%. If you only make $34k it would be tough to afford to live in VT...
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.