We moved to NH from NJ a few years ago between property, sales and income taxes we have about 20% more take home pay a year.
@Dragonfly_magictarotАй бұрын
Update?
@Hannahbenowitz8 ай бұрын
I do appreciate tax breaks but navigating loopholes feels dangerous. How can I ensure I'm taking advantage of tax-advantaged investment structures without potentially encountering unintended consequences?
@HildaBennet8 ай бұрын
Loopholes are tricky, but there are plenty of proven tax-advantaged structures. IRAs and employer-sponsored retirement accounts are great options. You can also explore tax-efficient investment vehicles like municipal bonds or index funds. These offer benefits like tax-deferred growth or tax-exempt interest. Talk to your financial planner about these options.
@FinnBraylon8 ай бұрын
Yeah, planners could make a lot of difference, particularly in a market such as this. Bonds are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over (250k) just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
@PennyBergeron-os4ch8 ай бұрын
Could you elaborate on the advisor's background and qualifications?
@FinnBraylon8 ай бұрын
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
@PennyBergeron-os4ch8 ай бұрын
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@bobwatson87543 жыл бұрын
I think you should do a video on the overall tax load. Income taxes in one state might be more than offset by other taxes and fees in another.
@LisaGemini3 жыл бұрын
Yes! A lot of the utility companies slather on the fees that can kill you. Cable companies, too. Brilliant idea.
@TrollinOn22s2 жыл бұрын
Thank you, in MA we have an income tax, but no tax on groceries or clothes. Many of these States have a much higher property tax in addition to other fees or taxes
@aevi092 жыл бұрын
oregon has no sales tax
@johnschnellbach9862 жыл бұрын
Florida Man here. Yes please do. States get their money one way or another.
@lacee74942 жыл бұрын
@@aevi09 what about homeowner's taxes?
@jillwiegand42573 жыл бұрын
NH is gorgeous but cold! FL is great but really hot. Those are the only two I would consider on this list. Great information! Thanks 👍😊
@pamelawing6263 жыл бұрын
Just because there are no income taxes, I live in Nevada, but they often make them up elsewhere. When I first moved here groceries were taxed. A couple years later the legislature removed it. If you are thinking of moving to one, research all the taxes in that state and how they will affect you.
@richardnolan4763 Жыл бұрын
Reno/Washoe County has high gas taxes to pay for roads and public transport (buses). Reno/Washoe County & Clark county (Las Vegas) has higher sales taxes than much of the state. Reno/Sparks also has higher property taxes than the rest of the county....it's likely higher in Las Vegas/Clark County too. The taxes have risen as folks cash out of California, move to Nevada and expect it to be like California....so they vote for tax and spend politicians.
@jenniferriggs19003 жыл бұрын
I'm in the process of making a spreadsheet of states and the traits that are important to me. Your videos give me a lot of good information and starting points for research. Thanks!
@singingwindrider98813 жыл бұрын
Yep. His vids keep confirming WY is th state for me. Just trying to decide where 😊
@MichiganUSASingaporeSEAsia3 жыл бұрын
For example? Could you elaborate? I may be able to contribute
@stevenl.halesr.68943 жыл бұрын
I already did...Going to try to copy and paste it here.
@MichiganUSASingaporeSEAsia3 жыл бұрын
Jennifer. For example? Could you elaborate? I may be able to contribute
@Hippie-i8g3 жыл бұрын
Good idea!
@MichaelMichael-jv8nj3 жыл бұрын
I live in Oregon now used to live in Texas. Much cheaper in utilities, no sales tax, property taxes on my house in Texas was 13%-15% of my pay. In Oregon I pay 2800 in property tax. And when I moved my pay went up by $11 more an hour. My house payment is less in Oregon than Texas. Texas also house much higher rates on homeowners insurance and car insurance than Oregon due to all the hail storms. And my electric bill and water bill was 3 times the amount in Texas due to the extensive heat throughout the year. Left Texas and will not go back. No state income tax is not all that it is cracked up to be.
@lacee74942 жыл бұрын
Yes, our homeowner's tax is TWICE in Texas what it was in Illinois.
@weswest86662 жыл бұрын
I live in Oregon and see a LOT of Texas plates driving around
@majorastorm2 жыл бұрын
@@weswest8666 and California
@alejoanaya34682 жыл бұрын
Is it possible to live in California but be from Texas or Oregon and benefit from it
@riskyron14162 жыл бұрын
I have that beat. Lived in Texas, lived in Oregon. Where I now live, no sales tax, no property tax, no income tax, no school taxes. No military to support makes a world of difference. I rent a 7 bedroom/5 bath house with 4 car garage on 23 acres for $153 a month. Plus exempt on US Income Tax to $107,300 a year.
@robk13103 жыл бұрын
The cost of goods in Alaska is very high. Grocery prices are triple or quadruple what they are in the lower 48.
@WorldAccordingToBriggs3 жыл бұрын
I went to Soldotna a couple years ago and bought what I thought was about $25 worth the stuff. It was $57.
@amandajean77383 жыл бұрын
Maine's grocery prices are high too.
@williamwilkins30843 жыл бұрын
That's because it costs more to ship goods to Alaska because of its remote and no-ease-of-access location.
@AJ42K3 жыл бұрын
Nebraska isn't any better. It is getting worse. Unemployment may the lowest in all 50 states but in reality there are highly quantity jobs not quality jobs. As for taxes, since 2010 when a Former Mayor of Omaha created a Food Tax/Occupational Tax, the people of Omaha was not happy about it. Many people would boycott and go take their business elsewhere because the suburbs and rural areas and the other major 181 cities don't have an occupational tax when you go out. That mayor was also on the verge of being ousted by the people of Omaha because of the people. He survived being fired by the public (I cannot think of the word/term when the people or residents want to fire a mayor, impeach or boycott him). Anyway, so we now have a Republican mayor in a Democratic county that just started her campaign. She told the people of Omaha that she wanted to abolish the Food/Occupational tax when she got voted in the first time. Now it's her third term and she still hasn't done that. Go figure. Sounds exactly like the late George Bush. Bush vs. Dukokis "Read My Lips. No New Taxes." The moment you realize that there are only 2 counties in Nebraska that are Democrat and both of those counties have a major city and both counties are Democrat while Nebraska is a Republican state with all 5 Electioral College Votes (House of Representatives and US Senate) that are Republican. Yeah. Nebraska...it's not for everyone and not to mention coming from a friendly rival of Briggs, Nick Johnson had a huge video of Unboxing Nebraska and there were 4 things I did not know, one of them was the high amount of drug use in Omaha. #1 for marijuana use, #1 for heroin, #1 for meth, and #3 for crack. Omaha is not nice or awesome as people say it is. The only good thing about Omaha is the cost of living. If the cost of living was higher, I would have left Nebraska a long time ago.
@bruceb95153 жыл бұрын
I live in Alaska, been here 25 years. People exaggerate the price increases of goods. The only places you'll find groceries 2 to 3 times more expensive than the lower 48 are places not on the road system, villages in the bush. I live on the Kenai Peninsula, my wife is from Oregon and goes back and forth between the two states often. She estimates that our local grocery prices in Soldotna are 25-30% more than in Oregon. Yes, goods are more expensive here but not double. Depends on what your comparing as well. In general though, Alaska does have a higher cost of living. Most boroughs have Zero property tax for people who meet the retirement age of 62. So in my case, I own my home outright (no mortgage) I pay about $1600 a year in property tax. Once I turn 62 I will only have to pay gas and electric to live in my home which amounts to about $200 a month on average. Our gas currently is $3.65 for 87 octane, I saw it's $8 for the same in California and $6 in Louisiana. There is no perfect place unfortunately.
@prepperjonpnw64822 жыл бұрын
When I lived in Alaska that yearly check was great because I had 4 kids and a wife. That means I got 6 checks each year and that took care of all of my other taxes like property tax etc.
@carmenlozanomillares99652 жыл бұрын
Where in Alaska if I may ask. Looking forward to going back to The States and interested in knowing, thank you!
@samuelshoemaker1689 Жыл бұрын
@@nomadnationalist2776NN NN NN j NN nnnjnjjj NN jjnnj I’m jjnñn NN nnnnnnnnnnnnnbbbbbnbb NN bbb B B v NN B bbb
@paulmadkow91433 жыл бұрын
The DMV license plate tags in Tennessee are only 29 bucks a year.
@onsilverlining3 жыл бұрын
Flat fee of $20 in GA.
@schwenda37273 жыл бұрын
Used to be just north of $100 in Illinois… now it’s what? $150? And given how corrupt & incompetent this state is, even precovid, it would’ve likely been on track to surpass $200 annually sooner or later…
@deirdre1083 жыл бұрын
@Doug Spooner One good thing about WA is that we don't have to pay for car safety or smog inspections every couple of years like a lot of states. The cost isn't that big of deal, but just the time it takes to do it can be a pain.
@deirdre1083 жыл бұрын
@Doug Spooner I agree and that's why I said the cost isn't that much but the time to drive to the inspection place and wait is the real pain. Also, a state safety inspection would require me to replace the cracked windshield in my "beater car'. LOL
@edmanetka99723 жыл бұрын
151$ in Illinois, for past 5 years they raised my property tax 3 times , one more strike agains me and I’m out ,Tennessee sounds good
@mattcolliver20073 жыл бұрын
Moved to WY from CA 4 years ago. WOW what a difference in bring home income.
@IrishAnnie3 жыл бұрын
When we moved to Florida in 2005, my first check had no State tax. I cleared $700 more a month. When in Ky I paid taxes out the wazoo.
@tucky22973 жыл бұрын
YEO! KY HAS A LUXURY TAX ...THEY TAX OUR CAR BASED ON ITS VALUE ACCORDING THE STATE!! IF YOU DONT PAY IT . ITS ILLEGAL TO DRIVE WITHOUT THE REGISTRATION. SAME TAX IN INDIANA ! WORKED IN OHIO AND TAX CAME OUT OF MY PAYCHECK FOR LIVING IN KY !
@williamwingo47402 жыл бұрын
@@tucky2297 Ohio also has municipal income taxes, at least in the Cleveland area. It gets complicated when you live in one suburb and work in another.
@scotmandel6699 Жыл бұрын
@@williamwingo4740 not really you just pay the difference if where you live is higher than where you work assuming your employer is deducting the rate where you work.
@staindog73823 жыл бұрын
I'm in Illinois! Any of these sound wonderful!!
@rvboondocker25593 жыл бұрын
Me too but the ultimate math isn’t as bad as you may think. I still can’t wait to leave Illinois though.
@geojetson95333 жыл бұрын
I’m here too. Some of the highest gas taxes, property taxes blow as does our mandate crazy fat governor. Can’t wait to leave this state ass well
@mandaislovely78773 жыл бұрын
Lol, I'm in Connecticut, where everything is tax, shoot they even tax your tax! Taxes are high and practically on everything here and I can't wait to move out of this state!
@JamieJohnson-q3fАй бұрын
I feel u brother that's why I moved to the Ozarks
@tyroberts22613 жыл бұрын
Washington is NOT tax friendly. It has high business taxes. Property tax DOES effect renters. It gets passed on.
@biancagerade92893 жыл бұрын
You Rock Briggs you Rock Blessings from Redondo Beach CA 🏖️
@tudorjason3 жыл бұрын
I think living in a state with no income state tax is better because most other types of tax are about spending. I can control what I buy, which means I can control the amount of tax I pay out.
@thomasschellberg42353 жыл бұрын
When you retire, the income tax becomes a consumption tax. Only taxed on what you take out of 401k and on social security. This works as long as you don't have large RMDs. Those with large RMDs must pay on money they take out of 401k's and do not spend.
@lacee74942 жыл бұрын
Well, except if you own a home. Our homeowner's tax in Texas is twice what it was in Illinois. And don't think landlords don't add that to the rent.
@lantran8967 Жыл бұрын
Agree..you can control how much you want to spend.
@Chelsea123Chii Жыл бұрын
This!! 👏👏
@sailnekkid3 жыл бұрын
Defected from Californica 17 yrs ago to Florida.....2% COLA has increased my income quite a bit....Just guessing, but figure I've saved upwards of $100K of CA tax since defecting in 2004....
@LakeTahoeGem3 жыл бұрын
hey, Briggs. would you consider videos on weather in different areas?
@percivalgooglyeyes61783 жыл бұрын
I live in both WA and AZ. Although no income tax in WA, they have high fees on everything. They even make you pay an additional $140 on top of annual vehicle registration if you have an electric car.
@swn693 жыл бұрын
Try CA... they f--k you in every way possible. Cannot WAIT to gtfo of here.
@aricasual35223 жыл бұрын
LMAO, you mean all the levies that go into a slush fund that the government uses at their discretion without approval of the citizens of WA..
@nahnahson3 жыл бұрын
I mean you are using the roads dude. You are not paying the gas tax which goes to the roads so it's only logical to tax electric vehicles
@renaeg64303 жыл бұрын
I live in Pierce County and am paying for a light rail qe will never see. My car tabs were over 550.00 this year!!
@rentalproperties85983 жыл бұрын
@@nahnahson Heavy truck are what really wear out the roads. Vehicle registration fees are what also pay for the roads. Electric vehicles don't pollute the air (at least not in WA) so don't contribute to the "health tax" that we all pay indirectly.
@erickisel86683 жыл бұрын
We need one on states not taxing social security….
@robertf26913 жыл бұрын
When you’re retired your income is obviously much less and if it’s mostly social security which is non taxable in most states. What retirees should be looking for is low property taxes not income taxes.
@spyxxx5663 жыл бұрын
but not many retirees should own a house tied up their assets.
@sangfroid43763 жыл бұрын
@@spyxxx566 Make it make sense please.
@jacksonross53423 жыл бұрын
Nevada has very low property tax, and no income tax. Great place to retire.
@Rensune3 жыл бұрын
Many places Have Senior citizen discounts. Which should be taken into account
@valerielhw3 жыл бұрын
No *sales tax* states might be something that you would want to look into.
@mah61833 жыл бұрын
Renters pay property tax, just indirectly. It’s an expense to the landlord who just passes the cost along in the rent.
@TropicalLatitude3 жыл бұрын
Very true. I live in NH with no sales tax or income tax for under 50k. But property tax is sky high.
@Bubbles997183 жыл бұрын
Magascum don't do nuance. Or reality for that matter
@sangfroid43763 жыл бұрын
@@TropicalLatitude there's also either a fee or permit for nearly everything you might want to do on your property and a fee if your land is waterfront of has a view, they attach these fees to your property tax but don't list them.
@michelelindseth82502 жыл бұрын
AZ does refund part of Tenants Property Tax Paid.
@Bluespicygreen2 жыл бұрын
@@TropicalLatitude so I should just live in a nice RV?
@BobKirksey3 жыл бұрын
Every state I have visited with no income tax, there were fees on everything. FL has tolls on every road that gets you somewhere fast. And they are careful to not use the word "tax", but charge fees for everything in schools, building supplies, everything. Give me a tax system, where at least the citizens who vote have a say.
@lotto57423 жыл бұрын
Usually states with no income tax have low paying entry-level jobs.
@tihspidtherekciltilc54693 жыл бұрын
I use that round thing in my car to vote on whether I'm going to pay a toll that's used well while enjoying no income tax and property tax that has gone down eight years in a row because we vote for everything and don't have power tripping officials.
@David_Quinn19953 жыл бұрын
it all usually equals out
@JaimeGarcia-pe7bj3 жыл бұрын
A good accountant and some legitimate write offs can do a lot to help you with state income taxes. But they can't do anything with fees and higher property taxes.
@tihspidtherekciltilc54693 жыл бұрын
@@JaimeGarcia-pe7bj That's not paying one's fair share now is it. Funny how I live in a state with no income tax and no taxes on most food and clothing items and the few cheap tolls I pay by choice as there's always another way go straight to improving what the toll is four like the new six lane and bridges. Even my property tax has gone down, a lower rate than most other states, eight years in a row because our town isn't corrupt and we have a say in everything like the new senior housing neighborhood that helped lower our property tax while making the value go up. Live Free or Die
@Procrastinator19483 жыл бұрын
Tennessee also taxes groceries, which is why so many of them migrate north into Kentucky on payday to shop, as we do not tax groceries. And our sales tax is 6%. And regarding South Dakota, a neighbor of mine moved back there a few years ago, and he tells me that real estate is through the roof as outsiders moving there are driving the prices up. Same thing with the metro areas of Tennessee, with Nashville being stupid high.
@nightbasser733 жыл бұрын
outsiders are destroying several states!!!
@silasbishop30553 жыл бұрын
I'd rather pay sales tax than the state and county income taxes in KY.
@brianweber41543 жыл бұрын
And tennessees property tax is huge
@OscarLopez-nl8rg3 жыл бұрын
A bunch of Pictures of shit
@wrestlerx84943 жыл бұрын
I really hate that!😟 I live in Maryland and my husband and I really want to relocate because it's so expensive here and we pretty much have no hope of ever buying a house here. But my in-laws don't want us to leave the state while we have young children because they seem to think we need their help. So we are trying to wait until the kids are older, but the way you talk is like people from California are driving up housing prices in every other affordable state!😞 We were trying to go to the midwest but I feel like everyone else is doing that too and it's all gonna be too expensive by the time we can even hope to move. We were trying to go to Iowa so hopefully it isn't as bad there as you say it is in South Dakota.
@JaimeGarcia-pe7bj3 жыл бұрын
Those states without a personal income tax make up for it with other forms of taxation.
@michaelsmith57693 жыл бұрын
It's called "squeezing the balloon".
@cltracy29213 жыл бұрын
True, I live in Washington state. Some of our leaders want to add an income tax on top of the sales tax.
@JaimeGarcia-pe7bj3 жыл бұрын
@@michaelsmith5769 Thank you. I did not know that. But the do squeeze the he'll out of it.
@yeahriight573 жыл бұрын
Can you do a list of highest taxes- love your channel & ty for all the you do for our entertainment
@ripvanrevs3 жыл бұрын
Driving through Tennessee from Ohio the first thing you notice is the high sales tax especially on fast food which isn't taxed in Ohio if you take it to go.
@silasbishop30553 жыл бұрын
Maybe it should be. Fast Food is a huge contributor to our high healthcare costs.
@JoeSmith-gn1ki3 жыл бұрын
@@silasbishop3055 as if taxing fast food to go in ohio will help solve the high healthcare costs.
@writerbill13 жыл бұрын
I loved that about living in Ohio! For those who don't know: all prepared food (not drink) bought for eating away from the restaurant/store is non-taxable. I did this for months in 2020 when most restaurants weren't open for dine-in.
@davidanderson-223 жыл бұрын
In 1980 we moved just north of Cincy from Murfreesboro, TN. When my parents found out about the 0% taxes on the drive-thru they couldn't stop talking about it for quite a while almost every time we ate out. I'm back in TN now and love not having income tax after paying state and local income taxes. But yeah, we raked over the coals at the check out for anything. Kinda surprised the Trumpsters haven't figured that out.
@laylow86483 жыл бұрын
@@silasbishop3055 I cold Turkey quite eating fast food. In 11 months I lost 15lbs. No exercising or any other change in my diet. Note I stopped drinking soda 8 years ago so that was not a factor. Then with just walking 3 miles 4 days a week added to the mix in another 5 months I lost a complete total of 37lbs and have kept it off. Obviously Fast Food is very unhealthy. My Doctor told me Last week I look better than I have in the 36 years he has been my primary Doctor.
@Thelongmanable3 жыл бұрын
*_Love to see a chart from 1 to 50 of the best tax friendly state so I know where my state ranks..._*
@healthyself79412 жыл бұрын
Great info! Alaska: is it true that even if there's no sales tax, things cost quite a bit more because they have to haul most everything from mainland U.S.?
@guyinreallife60352 жыл бұрын
thats overblown. in Anchorage I didnt see any real difference in cost vs my home city of Portland Or, Fairbanks was a touch higher, but not really that much more. they have Fred Meyer (Oregon based Kroger affiliate) and Walmart, so goods come in very regularly in major areas. however, small or remote towns can be very high, you dont want to buy orange juice in Barrow or a watermellon in Dutch Harbor, but its not as bad as you'd think
@Vasper793 жыл бұрын
Great timing! just trying to find a place I can move to w/o income tax :-)
@miksilv45763 жыл бұрын
Nevada is best overall
@bobwallace98143 жыл бұрын
Key word.....palms! If the state has palm trees, there's your destination.
@mandaislovely78773 жыл бұрын
Avoid CT! Everything is taxed and are high!
@rellysullivan89643 жыл бұрын
@@miksilv4576 do you leave in Nevada?
@bonesandbells3 жыл бұрын
Property tax in Austin and the surrounding suburbs on just the median home has doubled since 2010 to around $8,000/yr.
@danieljones17843 жыл бұрын
Yeah it's crazy. They say it balances out cause you don't have state taxes but 8000 divided by 12 is 666 dollars a month. A coincidence, I think not. Property taxes are the devil's work.
@LisaGemini3 жыл бұрын
WOW. My sister lived in Austin for one year and tried to get work as a teacher. She was unsuccessful. I don't know why!
@suzintex20023 жыл бұрын
It's a percentage based on the value of your property.
@danieljones17843 жыл бұрын
@@suzintex2002 I just read somewhere where the median home value in Austin is $575,000. I think the percentage is around 2 percent. That comes out to $11,500 a year. That is insane.
@suzintex20023 жыл бұрын
@@danieljones1784, Austin is insane. That's where all the Californians and the hippies go. I wouldn't live there. Property taxes are different percentages per county. I thought the Governor made them lower their rate though.
@rangersmith46523 жыл бұрын
Being taxed on consumption versus on income means having greater control over how much tax you pay. Paying tax on groceries in Tennessee is more than offset by the much lower cost of housing and energy.
@rgs4x3 жыл бұрын
Vancouver Wa. No income tax. Close enough to Oregon for no sales tax.
@AnhH883 жыл бұрын
I’m moving from MD to WA. I hate paying the high property taxes and state income taxes in MD. The state motto should be, “Maryland, if we could tax it, we would.” Do you know that if you buy a new car in one state and paid 3-4K on the sales tax, once you move to MD, you still need to pay the 6-7% tax on the vehicle again? Ouch.
@OutYourAtmosphere2 жыл бұрын
Don't go to Washington unless you're already here you probably already know it was a big mistake.
@valerielhw3 жыл бұрын
I like the fact that Oregon has ZERO sales tax, and I want it to stay that way!
@1lorijb9 ай бұрын
They'll take it in higher home tax and much more😂😂😂😂😂
@valerielhw9 ай бұрын
@@1lorijb I am not convinced that a state sales tax would mean lower income or property taxes. At least not in the long run. Look at the high _3-tier_ tax system in our neighbor California.
@freedomforusa16582 ай бұрын
Oregon taxes people for riding bikes. Its ridiculous.
@valerielhw2 ай бұрын
@@freedomforusa1658 How? I was thinking of getting a bike, so please explain.
@markmccarty97932 жыл бұрын
I have a friend in Alaska! My best friends brother! It's the oil subsidies, but you have to spend 6 months there to get it! Went there in 94! Simply amazing!! Always tell them I'm coming back, but life gets in the way.
@mireederrick19773 жыл бұрын
Now, this is a wonderful Video!🔥🔥🔥
@johnnymidas58793 жыл бұрын
THANKS, AND HAPPY SUNDAY BRIGGS!! 😃👍🌴
@zuzellogan56133 жыл бұрын
BORN FREE, TAXED TO DEATH! My motto! 🙄🙄🙄
@wealthintruth6227 Жыл бұрын
Home of the fee, land of the slave ....
@freedomforusa16582 ай бұрын
If the biden dumb asses can have pet cemetaries vote, then my pets are my children and I should claim them.
@maril13793 жыл бұрын
Another great video ! THUMBS UP!
@skykwray3 жыл бұрын
Living here in Nevada they make up for that state income tax by having government tax fees when you register your car. When I got my 2019 civic I had to pay $360 for Registration for just 1 year.
@Bonanzoo3 жыл бұрын
Lucky you. I just paid $1,031 for my X4. For ONE YEAR. State of New Hampshire btw.. also property tax here is insane. One of the highest in the country.
@Chris_at_Home3 жыл бұрын
Being a senior over 65 I get a big property tax exemption on our primary residence. We have a modern modest home and we pay nothing.
@ant-ekay72153 жыл бұрын
They make up for it in other ways. Believe me. I've lived in both.
@nick82433 жыл бұрын
Exactly. I've lived in both also. In the end, it's all the same boat. Unless someone has a very specific living situation like retirement or Social Security benefits, moving somewhere because of no income tax is absurd, trivial and greedy.
@swn693 жыл бұрын
@@nick8243 It's absurd, trivial and greedy to want to keep my OWN MONEY? GFY
@nick82433 жыл бұрын
@@swn69 taxation is the LAW. Deal with it.
@Carfan6783 жыл бұрын
@@nick8243 or just move somewhere that doesn’t tax as much and more $$ for myself 😀
@swn693 жыл бұрын
@@nick8243 Who's greedy, the man who wants to keep what he earned or the man who wants to take it? Taxation for the common good is acceptable. We've gone well and far beyond that.
@breakingthechainusa1007 Жыл бұрын
With no income tax, low cost of living and low heat bills North Florida is the cheapest place in America to live
@DaughterOfTheKingdom163 жыл бұрын
I lived in Las Vegas and Im from NYC. They both have pros and cons.
@elaineencke49362 жыл бұрын
Delaware does not impose a state or local sales tax, but does impose a gross receipts tax on the seller of goods (tangible or otherwise) or provider of services in the state.
@anoldmaninthewoods25482 жыл бұрын
Alaska also has: free hunting, fishing and trapping licenses for residents once they reach 60. When you reach 65 you can get a Permanent Registration sticker for one vehicle. Also, when you reach 65, you can get a Tax Exempt status which eliminates sales tax on food and property. (Possibly on prescription drugs too, but I get mine through the VA so I'm not sure about that.) Love the channel!
@jaym59382 жыл бұрын
Yeah, that all sounds like a bonus.....but....it's Alaska, and I'm not ready to die or become an alcoholic.
@JaneDoe-ng3zm2 жыл бұрын
It's rural what they don't know won't hurt anybody, hungry?? Eat what nature provides the way the FATHER intended it
@anoldmaninthewoods2548 Жыл бұрын
@@nomadnationalist2776 Property taxes.
@billporemba83683 жыл бұрын
Thanks Briggs, for the info you provide. Just so we can make informed decisions on moving to another State!
@georgemartin14363 жыл бұрын
I'm in Ohio...there's state income tax and in my county there's an 8.5% sales tax on EVERYTHING. Some of the sales tax is a "temporary tax" enacted like 20 years ago to pay for new stadiums to benefit the rich team owners...it's a permanent temporary tax...
@bradklingensmith3 жыл бұрын
In PA our 18% temporary liquor tax was enacted in 1936.
@georgemartin14363 жыл бұрын
@@bradklingensmith It's only temporarily permanent...
@rodolfoapodaca4922 жыл бұрын
@@bradklingensmith lol politicians are the worst, always looking for a fancy way to stick their finger up your ass.
@shaynewhite13 жыл бұрын
Hmm, New Hampshire with no state income or sales tax sounds really attractive...but I don't think I'd last through one winter. 😩
@michaelsmith57693 жыл бұрын
We're getting ready to move there from CA (long story). We see a lot of Vermont and Mass. cars in the parking lots of grocery stores :) . NH does tax liquor (they have state run liquor stores), and their property taxes are among the nation's highest. And speaking of winter, a lot of people in the rural areas either buy 10+ cords of wood (no joke) or fill up their 1000 gallon tanks with heating oil (also not a joke) each year.
@munchiemunchie20103 жыл бұрын
Shayne, our winters are not that bad. Unfortunately with every passing year, we get les and less snow.
@shaynewhite13 жыл бұрын
@@michaelsmith5769 I think Briggs has mentioned "heating oil" on his channel before!
@michaelsmith57693 жыл бұрын
@@shaynewhite1 Yeah, it's big where we're going to be living. That's a huge expense outsiders don't think about when you hear "no income/sales/estate/etc tax". It's about $3.25 a gallon in NH at the moment. $3200 to fill one of those tanks. Even a cord of wood at $200/cord is $2000 for 10 cords.
@lilshaz83783 жыл бұрын
Trust me you won't. Was there for their worst snow storm in 100 yrs. Power out for 3 days, went to the only hotel open with my dog. Some towns took weeks to get power back. When we went back home the propane fireplace with the 200 gal tank worked. The 600 gal oil tank for heating did not. Happened again 2 yrs later. Now back in sunny CA. Make sure you get a generator.
@AgendaInMind3 жыл бұрын
So we went to Honesdale last Sept and Johnson City, TN, this Sept. leaning towards TN (NorthEast only) due to having the same climate as I currently enjoy. Honesdale is one zone cooler and more cloudy days. Plus it was a bit too difficult to find level land to even build a garden. Loved the meat store in town though! Have you gotten any closer to finding your retirement spot, Briggs? We are the same age. Thanks!!
@dalestephan67773 жыл бұрын
Oregon no sales tax. But property taxes are high. They get ya coming or going
@jt951242 жыл бұрын
Sales tax, property tax, and income tax must all be taken into account for your personal situation. I have worked it out, and we pay less taxes in CA than we would in TX. As a resident of San Jose CA, I constantly see stuff on the internet that does not match my daily life. There is no poop or hypodermic needles in the streets, there are homeless in certain places, but aren't there in every place that has a survivable winter? I did the math, and a person making $100,000 a year with a $500,000 house pays about the same in TX and CA, because TX property taxes are twice CA. Being retired, I don't buy much, so sales tax is unimportant, and my $1.3M house would cost over $1000 a month more in property taxes. CA does not tax social security. So CA may have a rep as high tax, and it is, but not so much as you might think depending on your situation. Real estate costs way more, but TX is catching up due to economic success, same as CA. Plus in CA, our electrical grid doesn't fail statewide for multiple days. Those high taxes pay for many wonderful parks near me where I go every week. The climate and culture are wonderful. I look at articles about where to retire, and I never find a place that matches CA. CA has its problems, so do TX and other red states. The idea that CA is a hellhole because it is blue is wrong. The govt does not control nearly as much as those who would condemn a place because it is politically distateful to them would have you believe. Most of it is baked in the cake, politicians just take credit or deflect blame. My nephew works in Corpus Christi and came out for vacation. We spent 3 days walking through many neighborhoods in SF and there was no evidence of the hellhole his co-wiorkers warned him about. He said they wouldn't believe him when he told them that. Their attitude is not based on dispassionate fact gathering, it is based on tribal politics motivated reasoning.
@dudetocartman Жыл бұрын
That is interesting on what you tell us about Texas being higher in taxes than CA. I was told by my stepdad that California has the highest property taxes in the nation then NY and NJ respectably. Is the economy in TX really that much better that property taxes are 2x more than Cali?
@jt95124 Жыл бұрын
@@dudetocartman Property tax: CA is 1% with prop 13, so it can only go up 1% per year. TX is 2% This is because TX does things local (prop tax) while CA does things statewide (income tax). People who moved to fast growing parts of TX have seen their property tax double or more in a few years. Sales tax: similar, varies by location. Income tax: TX has none, but CA does not tax social security. What they do tax is extremely progressive, low income pays very little, billionaires pay 11%. I paid $200 last year on $100,000, will go to zero when wife retires. A person with a million dollar house in CA and $100,000 income pays about the same as a person with the same income and $500,000 house in TX. A retired person with mainly social security income and the same house pays less than CA. Also, my gas and electricity has never been more than $200/month, my sister in TX has paid $700/month in TX, although her house is twice the size of mine. Also also, TX is developing and real estate is going way up in many places, so tax bill has doubled in a few years, Unless you have major income other than social security, taxes are lower in CA for retirees, and with prop 13, they won't go up much. If you are billionaire with small house, TX wins. If you are retiree with big house, CA wins.
@nasrebmorify3 жыл бұрын
Great info! Thanks!
@walnutinvesting6893 жыл бұрын
Thinking of moving to the carolinas/Virginia area eventually. I hate the winters and crazy cost of living up here the northeast
@walnutinvesting6893 жыл бұрын
@@woodynorris8224 I dont really care about it being poor. Just want to find a low cost of living area to live off of investment income.
@walnutinvesting6893 жыл бұрын
@@woodynorris8224 if you were retired and didnt need to find work where would you want to live? I'm open to other opinions honestly
@Jerseybytes23 жыл бұрын
avoid the virginia beach area. was there recently, they make NJ look like the most hospitable and friendly people South carolina on the other hand was super friendly
@walnutinvesting6893 жыл бұрын
@@woodynorris8224 ah well I'll look into it some time.
@walnutinvesting6893 жыл бұрын
@@woodynorris8224 thanks man. Just give me a suburbia townhouse and I'm happy. Affordable ofcoarse
@jacintamarling37523 жыл бұрын
First off love your channels. Here goes: I am 65 yr old and on social security as my only income. Now I am a retired RN that worked over 45 years in health care so I do make more than 1500$ a month but only by a few hundred. Where in lies the problem I don't qualify for any state aid as I make too much BUT I am living below the poverty level based on your great series on poverty levels in each state. Soooo (shrug)
@jackmichaelbmx3 жыл бұрын
just move to another country and you won't have to worry
@mariamdiallo78833 жыл бұрын
I don t advice you to move to another country because of your age, no where is perfect. I am african residing in USA almost 16 years now. I m advicing you because of my experience. Take care🙏🏾💜
@nomorenews2 жыл бұрын
Ecuador,Colombia,Thailand and Portugal,affordable for retirement for single person on limited ss.Also healthcare and climate is good in all these places and plenty of overseas retirees
@RuthyLook Жыл бұрын
Get a roommate and stop voting for Dems
@scotmandel6699 Жыл бұрын
no pension or 401K after 45 years in health care?
@wandahall44353 жыл бұрын
Texas...I will stay here thank you very much 😊
@Holisticbrit2 жыл бұрын
Tennessee sales tax is INSANE! i have lived here 6 years and still get sticker shock.
@Linkbetweenus272 жыл бұрын
Same here. It's like a little gut punch, especially when buying things like electronics or clothes.
@barackmycat94483 жыл бұрын
Happy in NH. PS: Could I see more of the S. Dakota Gov.?
@thatguy88693 жыл бұрын
👍👍🤣🤣
@nismo200322 жыл бұрын
New Hampshire has a 5% income tax this list is wrong
@robfninh2 жыл бұрын
@@nismo20032 Not on income but interest. I have been here for 33 yrs. and I didn't owe anything.
@tammiepulley71673 жыл бұрын
Great video, you did it again. Any chance on doing a video of the migratory habits of various groups of snowbirds. I’ve considered buying a cheap mobile home in two places and moving back and forth every 6 months. For example there is a community in Niland Ca called Fountain of Youth (mobile homes and fancy RV’s) that seems to have the same crowd going there every winter. They all know each other.
@Phelper993 жыл бұрын
Lots of us in Texas find that property tax debilitating. Eventually as the appraising districts keep adding the annual nearly 10% valuation, the property tax just gets out of hand. I will get priced out of the home I own simply due to property taxes at some point.
@stephenharper66383 жыл бұрын
Agreed. In Calif, Prop 13 keeps your property tax frozen for just that reason. So that $40K house now worth $600K... the real reason so many move on. Buy cash somewhere else.
@cwheremonster88703 жыл бұрын
You never own a home in Texas… you just rent it from the government. Property taxes in Texas are horrible. That no state income tax is so misleading.. they recoup it all in property tax
@That-Wanderer Жыл бұрын
My top two would be Texas, or Florida... I would say New Hampshire too, but that weather is a nope for me.
@Idahoguy101573 жыл бұрын
I’m no fan of state income taxes. That being said taxes paid are an amalgamation of income tax, sales tax, property taxes, and other taxes and fees. Politicians always want more money
@Micg513 жыл бұрын
Unless you are a tourist state (or New Hampshire for some reason) being in a no income tax isn't great since they have to get you somewhere else. The best is low taxes in all categories instead of 0 in one
@Idahoguy101573 жыл бұрын
@@Micg51 ….That’s up too each elected state government. Whether they have an income tax. I’m unclear if you think tourism explains why all these states not having an income tax. That’s obviously not true for most of them
@Micg513 жыл бұрын
@@Idahoguy10157 FL and NV are tourist states, they are the only ones that don't have really high sales or property taxes
@Idahoguy101573 жыл бұрын
@@Micg51… I pointed that out in my original comment. I have lived in both Texas and Nevada. I’m not moving back there just over state income taxes
@janettsantiago29343 жыл бұрын
Thank you . Pls do a list of best up coming states in the US. future places to invest or to move the next 10 years
@joeboo86263 жыл бұрын
I spent most of my life living in Texas, Washington, Alaska, and Wyoming. It is strange to me that states actually have an income tax. Washington State has a new income tax coming in 2022, though.
@michaelyork78443 жыл бұрын
I'm thinking about moving alot Wyoming is cold and people say living is expensive there what's your knowledge on Wyoming for a not young single person
@joeboo86263 жыл бұрын
@@michaelyork7844 It is cold no matter where you go. Cost of living varies, I suppose. The northwest part of the state is nice, but really expensive. I lived in the Rock Springs/Green River area (southwest); not much to do and lot of stupid, unfriendly people. Practically a desert, not many trees. I would recommend Casper or Cheyenne; they haves traces of civilization and the landscape is a bit nicer. If you like the outdoors, Wyoming is great. If you are looking for a good woman, you'll want to join a church. Not much variety in females, you'll want to import or bring your own. If you want to live off grid, I recommend eastern Washington, north Idaho, or western Montana.
@lacee74942 жыл бұрын
We moved from Illinois (state income tax) to Texas in 2005. Our homeowner's taxes in Texas are TWICE what they were in Illinois. TWICE. Even if you don't own those taxes are made up by landlords.
@PacificCircle12 жыл бұрын
My CA income tax is very nice, but DMV registration and 10% sales tax (varies by county) cuts in to that
@olikat82 жыл бұрын
Washington crows about not having an income tax, but "Sweet baby Jezzuz" everything else is taxed to the hilt. Not to mention Olympia & Seattle love New taxes
@researchbear40742 жыл бұрын
Income tax was never supposed to be permanent and taxes for schools and streets it's still supposed to come from sales taxes from businesses and corporations....
@friedaholmes37823 жыл бұрын
Briggs, You Only Named 9 States Total Not 10: Wyoming, Washington State, Texas Tennessee, South Dakota New Hampshire, Nevada, Florida, Alaska Thanks Again, NYC
@IncredibleDev883 жыл бұрын
No shit. Read the title .. it doesn't say "10 states" ... moron
@davidsamuels7773 жыл бұрын
@@IncredibleDev88 You gotta relax... Remember Briggs slogan... Be nice to each other.
@friedaholmes37823 жыл бұрын
@@IncredibleDev88 But, he does number them 10 to 1, Bitch. Don't insult me unless you desire to be insulted coward.
@lisadailey3 жыл бұрын
Great video! 👌 Thank you.
@stardust9493 жыл бұрын
Hubby and I live in a Very Small 'Village' in SW Ohio---believe it or not, we are frickin' GOUGED on property taxes every year. Thank the Lord our mortgage is paid off.
@eagleeye23003 жыл бұрын
Same with property taxes in New Hampshire. I live in a condo, about 1300 square feet..They raised my property tax by $600.00 last year so it's $4,400.00 annually. Unless they've raised it again this year. I'll know this week. (Pray for me, lol.)
@thewanderingisraelite3 жыл бұрын
@@eagleeye2300 Sooooo..., which is it? $600 a year, or $4,400 a year?
@rolandfor3 жыл бұрын
@@eagleeye2300 property value going up? What is the bracket?
@feliciasampson80323 жыл бұрын
While car shopping, I learned location counts in the Silver State. For example, taxes were cheaper in Carson City as compared to Reno.
@hothotheat30003 жыл бұрын
The tax burden thing only really affects you if you’re moving from a HIGH tax place like CA. Otherwise, you’re not gonna see much difference in your wallet. If you have a large amount of money, by all means head to your closest tax haven.
@michaelsmith57693 жыл бұрын
No matter how liberal you or your state might be, everyone's a Republican when it comes to their own taxes.
@rameses19792 жыл бұрын
😂😂😂
@ericcarter41262 жыл бұрын
What? Democrats is the party that love to TAXES YOU TO DEATH! FOR THEIR DUMB IDEA!
@gregchambers61002 жыл бұрын
But "conservatives" will fight to pay another 70% of their income for the healthcare tax in the USA.
@NSwhoa2 жыл бұрын
Yet liberal states are cheaper when you really do your homework
@mando2.0492 жыл бұрын
@@NSwhoa California says other wise
@mjpottertx3 жыл бұрын
Property taxes in Texas are obscene. Depending on your city and school district (they are separate entities) you can easily pay $13K /yr on a $500K house.
@ronwinkles26012 жыл бұрын
I thought about buying a house in El Paso, Texas. It was a beautiful home with a price of $250,000 back in 2019, but the taxes were $5000. We sold our home in Tucson, AZ for $250,000 the same year, but our taxes were only $1650.
@mjpottertx Жыл бұрын
@@nomadnationalist2776 That's been my strategy the last 30 years. But I live out in the boonies of the metro area. I pay for it with constant 30 minute drives to work or friends.
@cielitagarcia64892 жыл бұрын
I live in Texas and I sent a note to my governor a few years ago, do I really own my home if my property tax is as much as a mortgage? I pay more than 10 K per year and that is because my husband is a senior.
@Telcomvic3 жыл бұрын
Tax on food was the first thing I noticed moving from Ohio to TN. Food is taxed at 6.75% in Bedford county where I live. Other grocery store items are taxed at 9.75%.
@onsilverlining3 жыл бұрын
GA too, always rubbed me the wrong way on taxing food.
@trewright14823 жыл бұрын
@@onsilverlining Rub's me the wrong way to tax me on my HARD EARNED Income. Plus people can't cheat a Sales Tax like they do consistently in the States with High Income Taxes and low Sales Tax.
@jorgemunoz32883 жыл бұрын
That's why I hate your Oregon, too taxed for retirees. Nevada where I live it's great.
@abufarsakh99193 жыл бұрын
Why would u wanna live there tho, like the summers, the lack of rain, nty
@jorgemunoz32883 жыл бұрын
@@abufarsakh9919 I'm retired, retired from Microsoft in 92 at 35 . I actually travel year round to Europe, this is just my homebase. I'm actually in Waikiki now for 2 months.
@lauranardoni56263 жыл бұрын
I love Oregon, no sales tax!
@lauranardoni56263 жыл бұрын
@Big Dick Black I grew up in California and was born there, I have family in WA, taxes are sky high in both places! Many seniors retire in Oregon, no sales tax, no SS tax , and no income tax if your truly retired! Capitol gains if you are lucky to have $$ and property taxes are what most many pay for.
@jorgemunoz32883 жыл бұрын
@@lauranardoni5626 Oregon is one of the most unfriendly tax states towards seniors, Nevada is the most tax friendly state's towards seniors.
@fgk9397 Жыл бұрын
In Sweden we pay around 40% in income tax, 25% sales tax, and on fuel around 65%. We keep about 30-40% of our money here..
@Sparky-vu2ej3 жыл бұрын
From South Dakota real estate is getting high here from out of state people buying here. Which makes hard for the locals to afford since wages in South Dakota are low. A buddy of mine told a person who moved here from another state that’s fine but do not bring your friends with. Yes the school systems struggle here keeping teachers and other funding. Our teachers are one of lowest paid in the nation.
@christophertaylor9522 ай бұрын
I Live in New Hampshire, It’s true we have no state income Tax, or sales tax, but we have really Really high local property taxes. And we pay a lot more in state fees and registrations.
@Flowerfreak723 жыл бұрын
Be careful moving to Texas some areas have VERY high property tax.
@michaelsmith57693 жыл бұрын
A lot of people live in Washington state, but close enough to the Oregon border (they have no sales tax) so they can shop there and get the best of both.
@ajwspjs23 жыл бұрын
The tax burden falls on land owners. You own land, you pay LOTS of tax. And while there may be no income tax per se, they love FEES. Fees are NOT tax and so they get away with saying it is not adding tax or creating new tax burdens because FEES are your input into whatever financial pot they want money for. For instance, One fee among many that I see on my electric bill is a research and development fee with a rather professional and pretty name which basically charges me to input money into THEIR cookie jar for things they MAY want to do. Don’t bother calling them up and complaining, they will just tell you to get your electric from somewhere else…and if you are rural those choices are slim to none. Income tax free states are for anyone not planning on having kids or owning a home.
@Bubbles997183 жыл бұрын
In other words they are for magascum morons
@austinsandifer50063 жыл бұрын
Thanks for the information Briggs.
@WorldAccordingToBriggs3 жыл бұрын
You bet
@jasonlessard23733 жыл бұрын
Would have like to see fuel tax included in the video. Washington really sticks it to us.
@donaldfrazier52443 жыл бұрын
Not to mention the communistic governor Inslee is insane
@CaffeAddict Жыл бұрын
Live by Columbia River on the WA side to avoid the state income tax and go shopping in Oregon to avoid the sale tax.
@Fulminitro3 жыл бұрын
welcome from Hungary, where sales taxes are 27%, and income taxes are 35-40% :D This is a Bear Grylls kinda challenge to live here :D
@robclark30953 жыл бұрын
Do you have free healthcare?
@rvboondocker25593 жыл бұрын
So the US wants to copy VAT and such but not all the other things, like free college, gas buyers paying for infrastructure and so on. We still pay over 50% tax with property and all other tax, and some are 65%. No free lunch.
@Fulminitro3 жыл бұрын
@@robclark3095 It is not free, but the income tax is containing it. if you are unemployed, or you have unannounced job, you have nothing, unless you pay for it somehow
@Fulminitro3 жыл бұрын
@@rvboondocker2559we have to pay terrible amount of money for education here, and gas is more expensive than anywhere on world, 1.56 USD/ liter :D
@James-wz5qi Жыл бұрын
Wyoming. Just wait until you have to pay the yearly auto license fees.....
@secundebate52923 жыл бұрын
I don't understand why they remove income taxes, but they keep property taxes. I would prefer to keep the income tax and have the property taxes removed. Is any state in the future going to do something like this?
@Kay0Bot3 жыл бұрын
Blasphemy
@silasbishop30553 жыл бұрын
No state would give up property taxes. Property taxes pay for schools and municipal services.
@secundebate52923 жыл бұрын
@@silasbishop3055 Why not use income taxes instead for those services though?
@jasonbrown72583 жыл бұрын
If there was no property tax that would mean you could own property free and clear. Can't have that now can we
@wandahall44353 жыл бұрын
Hey Briggs Great to see You 👀
@Hippie-i8g3 жыл бұрын
NV has a fairly high sales tax but no State Tax. No tax on food. Briggs, you'd like Veteran exemptions on Property Tax and auto tax for Veterans. No SSA tax. Right now, the rental and housing market is really expensive, but it changes. Come on down! I wish you would! I am sure you'd find more good things.
@DaniMrtini3 жыл бұрын
Difference is minimal. I make over 100k a year in Vegas region and the savings from vegas to, say San diego are only a few thousand a year. Not worth it all right now and no I don't live in a fancy ass place. You want to save some real money? Move to Idaho, Tennessee, WI. MN, ETC. not to Vegas. Vegas area is overpriced and not worth it at all
@Hippie-i8g3 жыл бұрын
@@DaniMrtini You've got that right! Hope I am out of here soon.
@larryhutton87763 жыл бұрын
9.8 sales tax in Jefferson county,washington..but groceries are not taxed.
@aricasual35223 жыл бұрын
LMAO
@ESUSAMEX3 жыл бұрын
Moved to Florida 2 years ago from NY and I do not regret it at all. Groceries are taxed here, but not all items.
@epipodiusalexander64922 жыл бұрын
Please say you’re voting red. Please don’t ruin it for us
@ESUSAMEX2 жыл бұрын
@@epipodiusalexander6492 I always have voted Red and nothing is going to change that. The Democrats are a bunch of Commie bastards!
@tinagarcia35712 жыл бұрын
our income tax is high here in OR. but everything else is cheaper. I left CA. bay area more than a decade ago the sales tax was 12%, fees, fees fees in ca.
@sarahmoody28512 жыл бұрын
As a female - THANK YOU SO MUCH for how you handled the hot governor comments. Looks aren't the only thing that matters and I appreciate you tastefully calling out the bullsh*t
@pookysdad48843 жыл бұрын
You made no mention for taxes on things like alcohol, tobacco, or gasoline. Washington's are some of the highest in the country. The DMV also hoses us for title transfers, tabs, etc.
@jt62153 жыл бұрын
For clarification, Texas has the 7th highest property tax rate in the nation(he phrased it weirdly). Also with TX, you're almost guaranteed to pay 8.25 in sales tax, deal with an over-inflated RE market, and severely congested roads in every mid-sized city. Gas and electricity are modest I suppose, but mover beware.
@lacee74942 жыл бұрын
Texas does have the lowest prices at the gas pump but our electric bill in the Dallas burbs is insane. And our property tax is twice what it was in Illinois.
@davidd342 жыл бұрын
@@lacee7494 what I can't figure out is why TX is Never on any list as being a good State for business, yet people and companies move there by the 1,000's? Go figure. I was in TX for 57 years overall. Am now in WI due to extended family members with Alzheimer's. After they pass, I hope to move elsewhere warmer that has low overall taxes, since all I have is Lousy Social Security coming in. Govt outright lied to me as to what I'd get once I retired at full retirement age, but when I got there, all I got was/is a little over Half of what they said. Congress is a bunch of thieving idiots with No financial acumen that are all a bunch of Ripoff artists in the guise of "caring" individuals. And they have their own retirement set up and don't have to follow any of the rules they shove down our throats. The solution is Real Easy - first take S.S. away from Congress's control, put the money into the hands of thoroughly vetted financial investment companies with a long history of 100+% Yearly gains on people's investments and we could easily retire at 50 and Never run out of money in retirement and not even worry about high inflation due to inept govt/FED policies. There's multiple financial investment companies that could help us.
@timmcm9538 Жыл бұрын
@@davidd34 "100+% yearly gains"? lol I think your asking of a bit much there. The only plan that can promise massive gains like that forever is a Ponzi scheme and it's basically a lie. Otherwise your advice is good. Give the money to professional investers and let them grow it fairly safely. The government of Canada does that with our government investment plan (CPP) It's solvent for at least the next 75 years. It's smaller that US Social security but it's pretty sure to be intact when you retire.
@gmt83362 жыл бұрын
Wyoming, Washington, Texas, Tennessee, South Dokota, New Hampshire, Nevada, Florida, Alaska
@tonyburzio41073 жыл бұрын
My Florida property tax went down this year, and is still less than a month's apartment rent in San Diego.
@Phantom0fTheRouter3 жыл бұрын
You missed out on WA Sales Tax. It is currently 6.5% state + local, ranges anywhere from 8.5 to over 10% depending on location. Just about as bad as Tennessee, especially when you consider everything costs more as well. Not a great place to avoid taxes.
@pnwrendezvous37513 жыл бұрын
Plus they just passed an income tax
@trewright14823 жыл бұрын
Tennessee is the cheapest place to live. Gas is much lower and so are groceries. Guess what they also have something called TVA, look it up. Power Bills are much lower...
@WayneChapin3 жыл бұрын
Would be great to see a Top 10 state taxes with low/no small business corporation taxes...s corps/LLC's, ect.
@ashermitchell27943 жыл бұрын
LLCs are taxed as partnerships, so the tax liability passes through the entity to the partners. It’s no different than individual income.