Readers' Comments
Total Comments: 37
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Taxing Retirees: Some States Will Give You a Break (And Some Won't)
Total Comments: 37
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foreign retirment
Treasury
Mon Feb 11, 2008 9:46 AM
Post Reply
Is there any information regarding the taxation of retirees that plan on living in a foreign country?
Alaska
VA
Mon Feb 11, 2008 10:04 AM
Post Reply
As stated Alaska does not have any State income tax and only a hand full of small towns have a local sales tax, usally 2% or less. There is no personal property tax.
In the Anchorage area property taxes are high, that is why many live outside of Anchorage.
Only draw back? Tok, Alaska was -70 last week Anchoarge arounf -10. We are gaining more daylight every day!
TAXING RETIREMENT DOLLARS
SECURITIES AND EXCHANGE COMMISSION
Mon Feb 11, 2008 10:12 AM
Post Reply
where does georgia fall in these states?
Other considerations
Spawar
Mon Feb 11, 2008 10:31 AM
Post Reply
Yeah, but you also need to consider other factors. For example, utility bills. Alabama and Florida may be tax friendly, but that could be more than offset by the cost of air conditioning. My relatives were paying $600 per summer month just for AC. And that was 20 years ago. New Hampshire may also be tax friendly, but I wonder how much my tax savings would be offset by the heating bills in the winter. Best places to be as far as utility costs go would be on the coast where the ocean acts as big heat sink that moderate temperatures.
Re: Other considerations
DoD
Mon Feb 11, 2008 5:58 PM
Of course, there is the annoyance from the red necks and inbred crackers. But they are usually not able to afford to irritate you too much or for too long. If they do, just buy a can of beer and throw it across the pond, they'll swim to fetch and might go to the far side bank to drink it... ;-P
Taxing Retirees-2/11/08
FDA- HHS
Mon Feb 11, 2008 10:31 AM
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This is the kind of helpful information that Feds like me need to consider. Great information to think about. Thanks so much and give us more like it.
Re: Taxing Retirees-2/11/08
IRS
Mon Feb 11, 2008 3:36 PM
State Taxes
BLM
Mon Feb 11, 2008 10:45 AM
Post Reply
You forgot to mention Wyoming--there's no state income tax for ANYONE there!
Wyoming
BLM
Mon Feb 11, 2008 10:47 AM
Post Reply
Oops--you did mention Wyoming in one of the paragraphs.
Senior moment!
Re: Wyoming
VA
Tue Feb 12, 2008 10:23 AM