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Reply to "Moving Out of Maryland"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would someone move to a place where they didn't know a soul , just to save a few bucks? It could take years to make up the sunk costs of moving as well.[/quote] states with no income tax is saving more than a few bucks.[/quote] Those states have to get the money from somewhere and it’s usually very high property tax, as well as a higher sales tax that is applied to everything. Delaware is very tax efficient because the state earns a ton of $$$s from all the incorporation fees for all the companies technically based in DE but no physical presence. That allows them to have no sales tax and fairly low property and income tax.[/quote] You can run this by your AI. There are definitely clear financial advantages to certain states when factoring in all the different types of taxes and insurance. Florida still comes out ahead. Especially the more affluent you are. Maryland always ranks among the more tax burdened states. OP clearly has reasons for staying in MD, so she should. [/quote]
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