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Reply to "Should I move to Florida?"
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[quote=Anonymous][quote=Anonymous]I don't know how/if this applies to Florida, but we moved to Texas (no state income tax) and while we are saving money on income taxes, we are getting killed in property taxes. The thing and income tax vs property tax is that eventually your income tax will go down. Property taxes will only go up. (Though there are some exemptions based on age.) Make sure you understand the full picture if you're only reason to leave the DMV area is income tax. Plus, as noted, you need to understand what your tax implications are if your job is still in MD.[/quote] TX has one of the highest property taxes. States need revenue. They have to get it from some where. [/quote]
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