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Reply to "Moving Residency for Tax Purposes - Anyone Done This?"
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[quote=Anonymous][quote=Anonymous]My retired relatives do this. They have a really nice Airstream trailer and spend at least 6 months of the year at an RV park in Florida. You need to register your vehicles there, change your driver's license, and voting registration to help establish tax residency. One thing to watch for is that in low income tax states, the government finds other ways to raise revenue, like through property tax, personal property tax, or sales tax. For example Tennessee has no state income tax but sales tax is 7-9% depending on what city you're in. Texas has no state income tax but property tax is about 2% (around the DMV it's around 1%). [/quote] Obviously, states have to get their money from somewhere. In some it's property taxes, for others it's Estate/death taxes or sales tax. We live in a no income tax state and our estate tax and sales tax are high. so Is the gas tax (a more noticeable one in daily life)[/quote]
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