state income tax
- Thread starter graeco
- Start date
Auto Registration in Nevada sucks
I pay $2200 a year to register 3 cars in Nevada. For that matter CA sucks too, but is cheaper than NV.
In Texas it was only 60 per car per year.
I pay $2200 a year to register 3 cars in Nevada. For that matter CA sucks too, but is cheaper than NV.
In Texas it was only 60 per car per year.
Moving to Vegas ? Hmmmmm ....
Well I spend some time in vegas occasionally on business and I know some of the local business leaders - outside of the Casino bosses. My opinion is that vegas might be a place to move to retire if you like the desert- and in this case not the actual city but the surrounding areas. I would not move there with a family. Vegas, for all its marketing attempts to the contrary, is not a family town. Kids would get a lot of negative messages from the environment.
Some others have said they moved from places like Boulder and La Jolla - both some of the nicest places I know of and I have been almost everywhere in the US.
My advice: You can trade from anywhere. Pick a place that lets you relax and enjoy a high quality of life at the end of the day. If you are in Boulder or La Jolla I would stay there ....
Well I spend some time in vegas occasionally on business and I know some of the local business leaders - outside of the Casino bosses. My opinion is that vegas might be a place to move to retire if you like the desert- and in this case not the actual city but the surrounding areas. I would not move there with a family. Vegas, for all its marketing attempts to the contrary, is not a family town. Kids would get a lot of negative messages from the environment.
Some others have said they moved from places like Boulder and La Jolla - both some of the nicest places I know of and I have been almost everywhere in the US.
My advice: You can trade from anywhere. Pick a place that lets you relax and enjoy a high quality of life at the end of the day. If you are in Boulder or La Jolla I would stay there ....
And if you are in the NJ/NY area,what would you do if you are looking for a fun party town,low cost of living,and warm weather pretty much all year round?My answer is Vegas for all of the above reasons and then some.
I like the DFW and Austin areas in Texas. The one issue that comes up for Texas is a rather high Property tax rate compared to California. I looked at a homes in Austin in the 150-200K range and the Prop Tax was in the area of 3500-4000/yr.
The nice thing about the prop tax is it's a sch A deduction, but so are state income taxes.
The optimal situation is to live in a state with no income tax and reasonable prop taxes and shop in a state that has no sales tax.
Don't know the prop tax rates in Washington (no income tax), but another poster mentioned Oregon has no sales tax. Live in Wash close to the Oregon border.
IMO, it's a cost you pay to enjoy where you live.
Later,
Cracked
The nice thing about the prop tax is it's a sch A deduction, but so are state income taxes.
The optimal situation is to live in a state with no income tax and reasonable prop taxes and shop in a state that has no sales tax.
Don't know the prop tax rates in Washington (no income tax), but another poster mentioned Oregon has no sales tax. Live in Wash close to the Oregon border.
IMO, it's a cost you pay to enjoy where you live.
Later,
Cracked
I'll throw in a plug for Chicago.
Having worked and lived in CA, DC, TX, and NYC, Chicago's the best balance I've found:
Big city venues and features - and unlike NYC it's clean
Lots of different city neighborhoods and suburbs to choose from depending on your preferred lifestyle and surroundings
State income tax is 3% flat
Sales tax about 6%
No personal property taxes
Costs about $70/yr to register your car (some townships hit you for something extra though for village registration)
Good health insurance policy for a single self-employed about $150-175/month (family about $450/month)
Much better bang for the buck on real estate than CA or NY/NJ - property taxes fluctuate though, but where I'm at I pay about $4500/yr on a half million dollar house that would easily cost $800K-1M in NYC/NJ or CA
Downside with kids is if you live downtown, you'll probably at least think about sending the kids to private school rather than public school. But as an alternative you can live in an upscale suburb with a good school district and still only be 20 minutes from downtown by train or car (non-rush hour).
Got to deal with winter, but they haven't been as bad as NY/NJ has gotten lately and it's a lot easier to deal with cold than triple digit heat. Part of the summer is a little hot and humid, but nothing like Texas and certainly no 110+ degree days like you'll get in Vegas. And you can always go down to the beach on Lake Michigan to cool off and watch the bikinis.
Last week was kind of hot and sticky, but it's a lot better this week - it's August and today was 75 and we're sleeping with the windows open at night with temp in the 60s.
All in all, not a bad balance of factors - at least IMO
Having worked and lived in CA, DC, TX, and NYC, Chicago's the best balance I've found:
Big city venues and features - and unlike NYC it's clean
Lots of different city neighborhoods and suburbs to choose from depending on your preferred lifestyle and surroundings
State income tax is 3% flat
Sales tax about 6%
No personal property taxes
Costs about $70/yr to register your car (some townships hit you for something extra though for village registration)
Good health insurance policy for a single self-employed about $150-175/month (family about $450/month)
Much better bang for the buck on real estate than CA or NY/NJ - property taxes fluctuate though, but where I'm at I pay about $4500/yr on a half million dollar house that would easily cost $800K-1M in NYC/NJ or CA
Downside with kids is if you live downtown, you'll probably at least think about sending the kids to private school rather than public school. But as an alternative you can live in an upscale suburb with a good school district and still only be 20 minutes from downtown by train or car (non-rush hour).
Got to deal with winter, but they haven't been as bad as NY/NJ has gotten lately and it's a lot easier to deal with cold than triple digit heat. Part of the summer is a little hot and humid, but nothing like Texas and certainly no 110+ degree days like you'll get in Vegas. And you can always go down to the beach on Lake Michigan to cool off and watch the bikinis.
Last week was kind of hot and sticky, but it's a lot better this week - it's August and today was 75 and we're sleeping with the windows open at night with temp in the 60s.
All in all, not a bad balance of factors - at least IMO
Anyone here who can tell something about New Hampshire?
Looks good from a tax perspective. State income tax limited to interest and dividends only (similar to Tennessee), no sales tax. Still I wonder whether there is some hitch. Are there higher rents and cost-of-living expenses than elsewhere?
Regarding my personal situation, I'm currently living in Europe (in a country with income taxes as high as 50 %), but I'm planning to move to the U.S. sometime next year. So I'm looking for a good place to stay - not some big city, but something with a lot of nature around, provided that there is the necessary trading infrastructure.
Looks good from a tax perspective. State income tax limited to interest and dividends only (similar to Tennessee), no sales tax. Still I wonder whether there is some hitch. Are there higher rents and cost-of-living expenses than elsewhere?
Regarding my personal situation, I'm currently living in Europe (in a country with income taxes as high as 50 %), but I'm planning to move to the U.S. sometime next year. So I'm looking for a good place to stay - not some big city, but something with a lot of nature around, provided that there is the necessary trading infrastructure.
I lived in NH for about 20 years and it was(and is ) great. No state income tax AND no states sales tax. Of course, Property taxes are somewhat higher but you that can be mitigated by not buying the most expensive place on the block. Good communications infrastructure. If you are live in the southern tier you have quick easy access to Boston and all its amenities(Great City xcept the RedSox haven't won the WS for a hundred years but they are always entertaining 
If you like the outdoors stuff plenty of mountains, hiking, skiing, boating, beach etc. ad infinitum
One caution- it is generally a very conservative state in terms of politics, mindset(old Yankee values) so you have to be prepared to either ignore it or deal with that.
I'd still be there if my wife hadn't been transferred to London.
Anyhow, it's worth a consideration at least.
If you like the outdoors stuff plenty of mountains, hiking, skiing, boating, beach etc. ad infinitum
One caution- it is generally a very conservative state in terms of politics, mindset(old Yankee values) so you have to be prepared to either ignore it or deal with that.
I'd still be there if my wife hadn't been transferred to London.
Anyhow, it's worth a consideration at least.