So for income and tax purposes what state is best to live in?
Discussion in 'Experienced Truckers' Advice' started by Farmerbob1, Apr 22, 2018.
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And don't buy into the notion that if it's an income tax state, then property/automobile taxes, registration fees, sales taxes, etc are lower. That's generally a BS statement when you look into it.
Point is, they all try and gouge you. May as well eliminate as much gouging as you have control over. State income taxes are not an insignificant amount IMO, no matter where you fall in the income range.Last edited: Apr 23, 2018
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Also many of the marinas don't want live aboards anymore and also want you to carry full coverage and liability in case your boat sinks they don't have to pay to remove it. Live aboard marinas are becoming very rare species.Last edited: Apr 23, 2018
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I lived in Texas for 15 years and for the most part I liked it. No income tax but property tax is high enough to make up for it. I think no matter where you live they are going to get their tax money out of you some way. I would not live somewhere that I did not really want to live just to save a few bucks on taxes.
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And Tennessee has a super high tax rate of you buy a shot of liquor in a RestrauntFarmerbob1 Thanks this. -
Look at it this way. A state that does not currently heavily burden it's residents with taxes is a state that is perhaps less likely to do so in the future. -
OH I pay about 2% taxes here, it has a 4.25% rate but after all the credits and crap, it comes out to ... well really 1.8%.Farmerbob1 Thanks this. -
Wyoming or Montana. Case closed.
And as pointed out earlier, don’t bring your liberal politics with you.AramatAz, swervyjoe and Farmerbob1 Thank this. -
If you want fairly cheap then I’d say South Dakota. Sales tax is in the 6% range and it’s dirt cheap to license a vehicle once you pay the 3% tax on it.
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Anyone have any experience with what Kentucky is like? Specifically the Paducah/Murray region...
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