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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I love how there are 12 pages of posts arguing about whether FL sucks or not, and there are only a couple posts pointing out that the whole premise of OP's question- that she could avoid MD income taxes by moving to FL while continuing to work in MD- is wrong.[/quote]

It would actually be disastrous for OP's budget - costs to fly between FL & MD, still paying MD taxes on their income, paying for private school in FL, probably facing a property tax hike when they move to FL, costs of moving, etc.

From their exercise, I've come to two conclusions:
-People can be easily distracted by shiny, simple concepts ("No income tax!")
-People are really bad at calculating their NET costs [/quote]

Id love for you to elaborate on this.

I am also thinking about a move to FL. In my case my income is $1M a year. I work for a company in another state (not MD/DC/VA), but I live in DC and pay tax in DC.

Ive spoken to private wealth management at various firms and their contention is that moving to FL - and working from FL - would be totally 100% legal and doable. We are seriously debating it because the tax savings alone would pay for the home. [/quote]

The op needs to check with her accountant but the first year she would likely file a part year Maryland return. In future years, she would only be taxed on the days she actually works in MD so she would file a non-resident MD return. This assumes she successfully changes her domicile from MD to FL. I think the pp may have said they op would still have to pay MD taxes bc op said she would keep her house. Many factors go into determining domicile so op should check with her accountant. To the quoted pp, I would rely on your advisors and not dcum anonymous advice.[/quote]

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