Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Taxes--Md v. VA"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous] what is your house assessed for and what was your real property rate? what kind of car do you drive? My guess is I'd pay $23K less in income tax in Virginia, but real estate and car taxes would be a total of $5K higher. Still a big delta in Virginia. [/quote] I just reported on our income tax. For property tax, it's roughly 1% of assessed value so we pay $13k on a $1.3mln house, and we drive nice cars. We also have some complicated foreign tax situations, so I think our MD tax is higher than most people in the same income bracket. Our fed tax the same year was only $2,300 and the taxable was $400k. http://www.marylandtaxes.com/ has the actual tax information. As others have said, for most people the difference will not be sufficient to choose one place over the other just based on taxes. We could easily up and move to Florida or Texas (no state income tax) and save a bundle, but our deicsion to live where we do isn't based on taxes. It's about liking the location, commute, proximity to family, etc.[/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