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Reply to "DMV Sticker Shock Advice"
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[quote=Anonymous][quote=ikornika]Only federal taxes currently in Florida. As I understand it, Virginia has state and federal income taxes and Maryland has state, federal, AND local income taxes. Current dual HHI is mid 100s. I would guess we're at about 30%ish tax rate. [b]We currently pay around $1000 a month in child care between before/after school for DD and fulltime care (55 hours a week) for DS.[/b] I am aware that I'll be looking at $1000 a WEEK moving there. [/quote] :shock: :shock: :shock: :shock: The tax issue VA vs MD comes out roughly the same once you take into account income tax, car tax, real estate tax, etc. Not sure why you are so focused on this. If you are tripling your DH's income plus you will have a salary plus all these rental properties with income then you are looking at a 400-500k HHI. I think you can afford to increase your rent budget.[/quote]
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