Reply to Florida more expensive than Great Falls? I don't know how anyone plans to retire there

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is no income tax in Florida. [/quote]

Retirees don't have earned income. [/quote]

Exactly.  Why would anyone prefer higher property taxes and no income tax when they're retired?  Florida, Texas, Tennessee -- [b]they're all getting you one way or another to pay for the state's budget.  [/b]That doesn't make them good places to retire. [/quote]

This is a common misconception. There are much higher tax burdens in some states, especially ones with large public pension liabilities.

Someone who owns a million dollar home in NJ is absolutely paying more than someone in Florida when you add up all the various taxes, insurance, etc.

In NJ your property and state taxes are paying for town governments (as opposed to large counties), highly paid fire and police in every tiny town, corruption and public pensions for school teachers.

It simply isn’t true that you’ll move to Florida and somehow pay this same amount but in a different way.  [/quote]

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