Reply to Anyone move from DMV to no state income tax state?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just remember these states get their revenues in other ways. In Texas it’s property taxes. [/quote]

Not necessarily.  Some states have extremely large pension liabilities and government bloat.  There are websites that show the tax burden of states that are helpful. [/quote]

Here’s a website with tax burden by state including real estate taxes.

https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494[/quote]

Thank you for this information. Interesting that Delaware is cheaper than Florida overall. However, if you rely on pension and retirement accounts, I would think Pennsylvania should rate a lower rating. [/quote]
But that list doesn't tell you what *your* tax liability would be in the state.  It doesn't matter what your share of tax burden is (the list) when it comes to how much you pay in taxes.

PA won't tax your retirement income, period.

CA income tax rate is fairly high if you have a high retirement income, but they don't tax social security.

TX property tax is one of the most expensive in the country.

All this to say, that list really doesn't matter to an individual looking to reduce their tax burden.[/quote]

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