Readers' Comments
Total Comments: 20
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Protecting Your Retirement Income By Paying Lower Taxes
Total Comments: 20
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| Close | Change | YTD | |
| G | $12.7116 | +0.0013 | +3.51% |
| F | $12.1775 | +0.0497 | +2.07% |
| C | $9.4002 | -0.9235 | -43.24% |
| S | $10.4051 | -1.2566 | -47.42% |
| I | $12.2414 | -0.9997 | -50.56% |
| Close | Change | YTD | |
| L 2040 | $11.1768 | -0.8749 | -38.72% |
| L 2030 | $11.4481 | -0.7783 | -34.24% |
| L 2020 | $11.8446 | -0.6618 | -28.86% |
| L 2010 | $13.2444 | -0.3625 | -14.33% |
| L Income | $12.4113 | -0.2200 | -7.86% |
I Come From Alabama
Defen$e Agency
Wed Feb 13, 2008 8:56 AM
Post Reply
I came from Alabama and moved from Northern Virginia. Alabama has some of the lowest income and property tax rates and the secondary educational institutions and roads to prove it. My son was an A-B student in an Alabama private middle school and was a C-B student in a Northern Virginia public school. Also, some of the highest consumption (sales) tax rates are in Alabama and applied to food and medicine.
Re: I Come From Alabama
nasa
Wed Feb 13, 2008 10:05 AM
Protecting Your Retirement Income
Defense Contract Management Agency [DCMA]
Wed Feb 13, 2008 9:24 AM
Post Reply
My property taxes in Atlanta, Georgia [Cobb county]were $3300.00 per year. In CY 2005 I moved to Alabama where I now pay approximately $500.00 per year in property taxes. Your article was very accurate about some states that are very beneficial to retire to.
Thak you,
Henry R. Hagel
Aerospace Engineer, retired
Re: Protecting Your Retirement Income
DoD
Wed Feb 13, 2008 3:12 PM
State tax on TSP
NASA
Wed Feb 13, 2008 9:28 AM
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Has anyone found a comparison on how different states tax TSP annuities and distributions? This is part of the decision on where to retire to.
What Happened to ALASKA
FAA
Wed Feb 13, 2008 9:55 AM
Post Reply
My understanding is that Alaska has no state income tax.
Some Burroughs do have differing tax assessments. But the state has no income tax. Why was this left off the list of states that have no state income taxes?
Flori-DUH
DoD
Wed Feb 13, 2008 9:58 AM
Post Reply
Other factors to consider: insurance rates, property taxes, sales taxes, food prices, crime rates.
I moved from Alabam-UH (which has state income taxes) to FL (which does not) and my cost of living more than DOUBLED! And not all costs were due to TAXES. My home and automobile insurance TRIPLED; I thought that buying an existing home would save me money but no, the FL housing/finance industry & its lobbyists made sure that buyers pay a huge price; I found out the hard way that PROPERTY TAXES in FL were QUADRUPLE that of AL. And, in the part of FL where I moved to has a much larger crime & crowding problem than AL. The school systems are only slightly better in FL than AL.
And finally, anyone thinking FL is such a great retirement villa, consider the HURRICANE situation - damage & potential, constant worry, fighting with insurance companies, etc., is NOT FUN... When my kids finally move out of the house & out of the school system, I'm heading back to 'Bama to retire!
Re: Flori-DUH
DoN
Wed Feb 13, 2008 12:56 PM
Re: Flori-DUH
DoD
Thu Feb 14, 2008 9:27 AM
I moved here in the mid-1980s, when there were FEWER hurricanes and WELL BEFORE the "big ones" (Erin, Opal, Dennis, et al) made insurance rates go up astronomically.
I moved here because FL had no "income taxes" (like GA or AL). However, the "hidden taxes" in Florida far out-weigh any lack of formal income taxes.
Also, if one looks at federal and post-federal employment, the situation is also not good. Where a general engineer most other locations would be a GS-12/13/14, FL fed employees are notoriously under-graded under the guise that people will TAKE A PAY CUT to move/live/work in FL. Whether this is true or not, depends on the worker. But if one looks at the formal registers of local salaries, general wages are also low for non-federal employees of ALL career fields.
When you look at "the big picture", Florid-DUH sucks. Unless of course one is a beach bum, sun worshiper, sailor, or likes HOT, HUMID, BUG-INFESTED environs...
:-)
Property taxes
USDA Forest Service
Wed Feb 13, 2008 9:58 AM
Post Reply
Do any states give retire people a break on property taxes?
Re: Property taxes
US Army
Wed Feb 13, 2008 6:40 PM
Re: Property taxes
EPA
Fri May 23, 2008 9:58 AM
Why people leave North Dakota
USDA
Wed Feb 13, 2008 10:12 AM
Post Reply
The reason our young people leave North Dakota is not because of the tax situation, we are about the same as the surrounding states or the climate, it is because North Dakota is a low wage state. Except for the large cities in the state, most of the residents are being paid minmum wage and then working two or three jobs to make ends meet. North Dakota ranks as one of the highest states were people work more than one job. When researcher talk to former North Dakotan about coming back to the state that say they would like to but they can not make a living here.