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He is correct.
It is not in their tax friendliness calculator
or they would include home values in their input variables. While they have a way to compare property taxes, they don't include property taxes in the overall calculator. They should.
I entered my information for two different zip codes, (B'ham and Atlanta area) that was not the case. The "state taxes" in Georgia were double Alabama.
Atlanta is very much high income while Birmingham is the exact opposite. If you want a better comparison, try Birmingham and Macon or Huntsville and Atlanta.
I live in Alabama so know nothing about Georgia taxes. Alabama doesn't tax SS or pensions. I believe the legislature passed some exemption for 401ks, but it wasn't a lot of money. However, anything helps.
Property taxes are low, but sales taxes are relatively high (close to 9 or 10%). That includes food, which Georgia might not tax. The legislature passed a small reduction in the tax on food that is supposed to phase in. But the city and county sales taxes aren't affected.
I had about $65k worth of income last year from SS and pension. I earned $7500 from a part-time job and paid $200 worth of Alabama tax. I got it all back when I filed my taxes.
Atlanta is very much high income while Birmingham is the exact opposite. If you want a better comparison, try Birmingham and Macon or Huntsville and Atlanta.
No ideal why this would matter at all. If anything, it seems to imply B'ham would be much cheaper than Atlanta which goes even further to say that the implication they make that Georgia is better for retirees is way far off.
I live in Alabama so know nothing about Georgia taxes. Alabama doesn't tax SS or pensions. I believe the legislature passed some exemption for 401ks, but it wasn't a lot of money. However, anything helps.
Property taxes are low, but sales taxes are relatively high (close to 9 or 10%). That includes food, which Georgia might not tax. The legislature passed a small reduction in the tax on food that is supposed to phase in. But the city and county sales taxes aren't affected.
I had about $65k worth of income last year from SS and pension. I earned $7500 from a part-time job and paid $200 worth of Alabama tax. I got it all back when I filed my taxes.
This seem close to my situation. Thanks for the information.
It is impossible to answer that question without knowing your age at retirement as well as the specific amounts and sources of retirement income.
Age 58.75. I'm not even planning to withdraw from the 401K until 59.5. I'll just start taking the pension at 58.75.
So what I'm really trying to look at is the taxes from 59.5 and onward. I realize that's probably being to analytical, but I just wanted to look at it.
I've also checked some other states. It's just the Alabama versus Georgia that is sticking out like a sore thumb. For lack of a better term. Maybe SmartAsset made a mistake.
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