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Reply to "Moving Out of Maryland"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do you need to move whe yo uretire, as opposed to now? Most people have lower income in retirement (since they aren't working) so income taxes, which are high in MD, are less of a concern. The nearest state to here with no state income tax is TN and it's about 8 hours drive from MD to Knoxville, TN. Delaware and PA both do have state income tax.[/quote] MD has county income tax everywhere. If you're on a fixed income, that can be a burden.[/quote] Or you can move to part of MD with lowest county tax or buy a second place there and use as primary address. MoCo has high county taxes. [/quote] The counties that have < 3% income tax rate are depressed and doesn't have much culture or diverse restaurants. Might as well move to WV.[/quote] But if you stay in state no one is tracking you. [/quote]
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