Best States For Taxes - 6/25/24 | Market Sense | Fidelity Investments

[@steveyarnall]

Does the net effective tax rate analysis include property taxes?

[@WhaleEye-r4e]

I love Fidelity.

[@fidelityinvestments]

We really appreciate your kind words! If you need any assistance, we're here for you!

[@likethesky]

Jurrien’s macro view was illuminating, particularly on earnings projections starting high and then lowering as the year goes on. My question for him: Does the “earnings are staying higher than expected” theme apply to international markets as well (iow, were you speaking of worldwide earnings or just US earnings primarily)? If you were mainly focusing on US equities markets, can you comment on this phenomenon (have you also studied it) in international (developed, developing/emerging, or possibly even growth vs value factors as well)? Thanks!

[@timcornett2569]

Is there a calculator somewhere that could be used including differentiations between income vs capital gains vs interest vs dividends in all 50 states to determine best state for taxes?

[@fidelityinvestments]

Hey, Tim. Thanks for reaching out. Currently, we don't have a calculator that differentiates these types of income in all 50 states to determine the best state for taxes. If you don't mind, we'll pass your comment along as feedback. As a reminder, Fidelity does not provide legal or tax advice; therefore, we highly encourage you to speak with a qualified tax advisor to review your situation before moving forward. You can view some available tools and resources using the following link. Tax Calculators & Tools www.fidelity.com/calculators-tools/tax We value all feedback and input, so please keep it coming! Feel free to comment if there's anything else you'd like to share.

[@daverogers5186]

I’m sorry, but that was a terrible presentation on state taxes. The two examples included one with $250K income and the other with $100K. The conclusions were totally different. Vermont was very cheap for $100K and very expensive for $250K.

[@chrishosford5445]

Love both of your usual speakers, but would enjoy hearing a bit more from Jurrien Timmer

[@JamieHorning-k4v]

Thank you for the information- maybe a future session could include the cost of Insurance (auto and home) for retirees or almost retired. I think my state would come in #1 (in a bad way).

[@fidelityinvestments]

Thank you for the input, Jamie! We will be sure to pass this on to our development team. We always appreciate input from the KZbin community to ensure we are providing content that can benefit our clients and viewers. Thank you again for sharing your ideas, and have a great day!

[@netraamrale3850]

Where is data available effective tax rate chart you shown?

[@fidelityinvestments]

Hi, Netra. To ensure we're on the same page, can you clarify what data you are referring to? A timestamp from the presentation would be very helpful in providing you with the information you're looking for.

[@michaeloravecz5752]

Little value for people with retirement income as their main income source. There are states with no taxes on retirement income even though they have a 'significant' tax on earned income. The map could look quite different. Illinois is one such state.

[@damiangrouse4564]

Define retirement income…social security income is treated differently than other “retirement” income. If you’ve been saving and investing beyond SS this video is for you.

[@rpanerio]

Disappointing. Just a bunch of fluff talking about diversification and staying invested with the Buffet Index at an all time high.