My personal choice would be South Dakota, no state taxes, less people, and if your far enough west its actually not that bad in winter. There is also some, not a ton, but enough freight that moves around in that areato get you back sometimes
What the best state to move my trucking company to?
Discussion in 'Ask An Owner Operator' started by Nostopin, Dec 22, 2022.
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South Dakota has no state income tax, but sales tax on everything. Vehicles, commercial or not, are 3%. Other purchase are 6-7% depending on local taxes.
Opendeckin, NightWind and Nostopin Thank this. -
Im in mn and we have really high income tax, and pretty much ever where is at least 6.75% sales tax if not into the 7%
area in and around most Minneapolis, and yes that is on vehicles to just not food, so South Dakota sounds like a huge win for me,
Been trying to convince the wife to get out of here for years, might just do it on my own soon and consider it a double winNostopin Thanks this. -
I would say Texas. There’s always freight out of Laredo.
Buddy of mine did what you are doing, and he bought 4 acres and turned it into a pay to park yard. He’s got 140 trucks paying him $120/month just to park trucks and cars there.themetro, AsphaltFarmer, NightWind and 1 other person Thank this. -
I like that pay to park idea. I’ve thought about having a big fenced lot with live-in security and try to get it listed as a DOT Safe Haven. The right property for that is a good investment. Might be worth another thread to find other companies trying to escape CA that want to go in on it.
I’m also interested in renting a virtual office space… basically just have a physical address, mail forwarding, and a pay as needed desk/office available if I ever get audited.ducnut Thanks this. -
If you had a property, just set a portable building on it and use that as a physical address. That way you have a building to keep stuff in and there would be no way of anyone saying you didn’t have an office on the property. They’re cheap.Last edited: Dec 23, 2022
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one without state income tax.
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.I understand the attraction of states with no state income tax. I lived in Texas for 15 years and it was nice not having to deal with it. But the fact is, they are going to get that (your) money somewhere. Sales tax in Tx was 8.25% and real estate taxes were really high.
So the number one thing if I was looking to relocate to a different state would be, Is this somewhere that I really want to live. Because no matter the cost of living somewhere, if you don't like being there, you will not be very happy.
I will say that some of the real high taxing states would be out of the running no matter how much I liked the state. California New York and Illinois for example.Nostopin, lual, Long FLD and 1 other person Thank this. -
There's a whole lot of Oklahoma towns where the fancy houses are anything around 150k, deserted by the last Nat gas boom, 18 months ago Sayre had some guy liquidating all types of single family properties 3b/2b mid 70's built for 25k to 50k. Looked down the road in Elk City and it was a hair higher.Nostopin and silverspur Thank this.
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I was born and raised in South Dakota. Not only is there sales tax on everything, they even get you when you transfer a vehicle. I bought a new pickup in 2005 when I was living in Montana, so from 2005 to 2011 it was titled and licensed in Montana. I moved back to South Dakota in 2012 and transferred my vehicle. Then a couple months later I get a letter from the SD Dept or Revenue. They decided that since the vehicle was purchased in a state with no sales tax and because no sales tax was ever collected on the vehicle that I could go ahead and cut them a check for 3% of the book value of the pickup since I transferred the title to South Dakota.Nostopin and silverspur Thank this.
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