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Reply to "DC residency, taxes, etc, after buying a second home in a no-tax state"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have rental properties in DC which are the main source of my income. Honestly after all the write offs my income state tax is under $5K/year. DC gives benefits like FMLA for example where you can get the city pay 6 weeks of ANNUAL leave to take care of a family member. I just took one and will do so next year. Also, DC has free preschools [/quote] Also the Obamacare healthcare options are better than in most states. [/quote] This is true of all blue cities/states — they are great places to live if you aren’t wealthy and qualify for government services. Meanwhile, the wealthy are leaving in droves. Enjoy it while it lasts — it’s unsustainable. [/quote] Not really. DC QMB income limit is 3X as high as any other states except Connecticut. The Medicaid plans are very good. It would cost a family of 3 more than $30K/year for less plans on the market just for the premium and deductible, not counting the copays.[/quote]
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