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[quote=Anonymous][quote=Anonymous][quote=Anonymous]MA and NJ also have insane property taxes to support those schools.[/quote]

Actually, since towns do not charge any income tax, when you factor that in, the taxes are about the same.

The housing stock is a lot nicer, too.

Remind me why I moved here again?[/quote]

Tax Environment
Delaware is by far the most tax-friendly state for retirees among this group. Delaware is ranked as having the 24th highest tax burden in the nation. It has no sales tax. It does have several pieces of good news for retirees: it is the 43rd highest for per capita property taxes; social security income is not taxed; and $12,500 of pension income is not taxed. DE does have an estate tax.

Maryland is a high tax state with the 4th highest tax burden in the nation, according to the Tax Foundation. It has a top income tax rate of 6.25%; sales tax is 6%. On the plus side for retirees, it is the 26th highest for property taxes, and does not tax social security. MD and NJ are among the few states that have both an estate and an inheritance tax.

New Jersey has the dubious distinction of being the #1 highest state for state/local taxes, according to the Tax Foundation. Its top income tax rate is 8.97%; sales tax is 7%. Particularly hurtful for retirees, NJ has the highest per-capita property taxes in the nation. Fortunately, social security is not taxed. It has both an estate tax and an inheritance tax.

Virginia could be considered tax-friendly, at least compared to NJ and MD. It has the 18th highest state/local tax burden. The top income tax rate is a relatively modest 5.75%; sales tax is 5% (plus localities must collect an additional 1%). It is ranked 18th highest in per capita property taxes. Social security is not taxed, nor are there any inheritance or estate taxes.

Virginia is a better option than NJ or MD[/quote]

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