Reply to Moving Residency for Tax Purposes

Forum Index » Money and Finances

Reply to "Moving Residency for Tax Purposes - Anyone Done This?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Plenty of people do this. Keep track of credit card statements in case you have to prove that you were actually there for 6 months. [/quote]

Because OP is planning to keep their place here, no doubt will be here quite a bit, will continue to rely on our services, but wants to avoid paying taxes.  Then they'll complain about how things are here, without putting their money where their mouth is.  Not to mention they're likely to cheat and be here more than six months a year.

When doing your math, OP, don't forget you lose the homestead exemption on your house, the opportunity for a 50 percent reduction in your property taxes through the senior citizen discount, the right to register your car here and get zoned parking, etc. etc. etc.  Plus it's just a shitty thing to do to the city and it makes you a cheapo.  If you have to change your residency to avoid city taxes you're not comfortable enough to retire.

Yes, we have a second home in a much more friendly tax state.  No, we don't consider this.[/quote]

Such a strange take regarding a very commonplace plan that countless people in high-tax areas use.  Plus, it makes no sense.  Op will be somewhere for half the year and somewhere else for the other half.  She'll use services in both jurisdictions, but you think DC has some sort of priority claim because she lived here first?  What if she spends 7 months in the other location?

Also, "a shitty thing to do to the city?"  Hilarious.

Finally, OP didn't say she needed to do it in order to retire, just that it would be financially beneficial.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics