I moved to FL from MN, not for tax but for sunshine, as posted already it does not matter what the income tax is, it's all smoke and mirrors or a shell game anyway, what I "save" in income tax gets paid in higher property or sales taxes, look more at the income available in your dream State Vs. cost of living
We do not work in FL but I do know wages here are about 1/2 of what they are in the Midwest, so saving $2000 in taxes is not that great compared to the $15000+++ in lost wages
The only ones who really benefit are companies who get huge breaks
Just how much do you save in Texas without state income tax??
Discussion in 'Oilfield Trucking Forum' started by BigRigCT, Dec 10, 2013.
Page 3 of 4
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
It's not just "smoke and mirrors"! There are huge differences in tax burden among different states. Check out that link to the tax foundation that was posted above.
As for wages, most truckers earn pretty to close to same. It pays to live where it's cheap; since we can live anywhere we like. Especially us O/Os. Heck, I could live in Alaska and fly home every month and still be better off than living in CA or NY and parking my rig at home there. Round trip flights to AK are about $500 from Houston to Anchorage. Figure deadhead miles home times $1.30/mile and flying starts looking pretty reasonable to get home on time every month. Just run 3 weeks on and 1 week off.
Back to taxes, like I said before, property tax rates vary a lot within the same state. It's a county thing, not so much state.
I just paid my county in the FL panhandle this month a little over $900 in property tax for the year. That's on 5acres with a shed and 1800 sq ft home. Let's see you beat that in any other place but the desert or the frozen tundra?! The area wages are low, the cost of living is low enough for me, and I usually earn my wages running up north. I'm also near an airport served by Delta and Sothwest to get me home when freight won't. So it's the best of all worlds for me. Oh yeah, did I mention the great fishing, salt and fresh, and the BEACH! -
^^^ The difference is oilfield trucking ...where the pay is much higher and you're home every night and have 2-3 days off each week...hence being in the oilfield forum. All things are NOT equal.
-
123456 Thanks this.
-
I agree that not all things are equal, I just would not move to a no state income tax state for that savings alone, I have no state income tax but my property taxes on a 2000 sq ft home are higher than they were on a 3700 sq ft home where I was but believe me they got it from somewhere else, just like here, there I paid state taxes, here I need a permit ( as mentioned above ) to paint or stain my concrete driveway, need a permit to change out a water heater, etc
Just saying what looks good up front is not always the case when the dust settles, sometime it is but not always
In the end I would rather shovel sand than snow!! -
Excise tax 12 pack of bud 12dollars. Bottle of jamenson 33. In Illinois 8 fifty for a twelve pack and 22 for bottle of Jameson.
-
If you don't have a wife or kids and are OTR sell your house, go to Craigslist rooms for rent somewhere in Texas, explain to some of the dudes that you are a truck driver and will probably be getting home time only x amount of time per month and get the best deal you can for a couch for rent.
No state income and cheap rent. Im thinking about getting into trucking and I'm planning on doing this after I get a couple years experience.
If you don't own property they can't give you a property tax. Sales tax in the area won't be an issue if you live out of a truck anyways.
I plan on selling my vehicle to eventually so they won't be able to get me on vehicle registration. I'll just use Uber when I need a ride. No car insurance needed either. Muhuhahahahaha! Maniacal Laugh!
In answer to the OPs question though if hypothetically your state income tax was 5% and you make 67600 a year before taxes (or 1300 a week) you could save $3380 a year on state income taxes.
Edit
I just used an income tax calculator for your state and it looks like the Opening Poster would save 3,268 a year. -
-
As far as wages that depends on what your trade is. A security guard, cop, clerk, or grocer will probably make about the same.
A Miami Beach police officer for example would make a similar amount as a NYC or Chicago police officer but pay less taxes.
OTR Truck drivers will make the same no matter where they live...they just get taxed differently. So it would make sense for a OTR driver to live I'm Florida or Texas. -
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 3 of 4