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Reply to "Anyone move from DMV to no state income tax state?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is Pennsylvania the lowest tax state? No of course not. But it’s pretty attractive for high income retirees as long as you’re not in Philly. There are many parts within a hour or so drive of major metro areas with healthcare and cultural attractions with a fairly low real estate cost. Nearest states that are equally or more attractive (from a tax perspective) are TN and NC. I often wonder WTF people are thinking who live in MD close to the PA border. Like do they know how much lower their taxes could’ve been 10 minutes further north???[/quote] I don't think NC is close to PA for retirees. NC taxes everything.[/quote] Except social security benefits and military retirement pay. I am the pro PA for summers and residency person. We have two SS benefits (DINK) and a military pension coming. NC is also attractive! It’s just going to be hotter than PA. When we get to the point where we can’t spend summers traveling, we may settle in NC instead. The relative attractiveness varies person to person based on expected sources of income and personal taste for location, but NC is one many retirees could consider attractive for tax.[/quote] What areas are you considering for Pennsylvania if you don’t already live there?[/quote]
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