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Reply to "Anyone move from DMV to no state income tax state?"
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[quote=Anonymous][quote=Anonymous][b]The "savings" of no income tax in a lot of these states is made up on other ways - property tax usually.[/b] Or the tradeoff is something like really crummy school systems so then you have to pay for private school tuition. Have fun with that. Have you done the math though Op? The huge cost of prepping your house for sale, moving, finding a house, prepping that for move-in, the current interest rates to buy a house, uprooting your family, etc....and what point do you break even or reach any type of substantial "gain"?[/quote] Nope. Do some research on the tax burden by state, which includes property taxes. Some states have way less pension liabilities and do a better job managing tax income. Texas is a high property tax state but it’s still way lower on the list than any of the high tax states. [/quote]
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