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][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]

Well, you’re a fool. [/quote]

Maybe.  But I'm sure as hell not gonna start counting my days to save taxes.

OP isn't saying "we're finally empty nesters and can move to where we want and away from DC."  Nope.  She's saying that as empty nester she thinks it's "doable" to be here less than six months.  So yeah it's all about structuring your very whereabouts around state incomes taxes.  Pretty sad.[/quote]

Counting days isn't difficult. If you drive to the location, just use gas receipts from filling up along the way to track it. If you fly, even easier.

I used to live abroad and needed to prove I was out of the US for 330 days/year to get the US income tax exemption. I had my "spreadsheet" pretty much filled out in advance since I'd just mark it every time I bought a flight to the US.[/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