Readers' Comments
Total Comments: 10
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Moving Can be a Taxing Decision
Total Comments: 10
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| Close | Change | YTD | |
| G | $12.6985 | +0.0013 | +3.41% |
| F | $11.9771 | +0.0022 | +0.39% |
| C | $9.2069 | +0.5468 | -44.40% |
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| L 2010 | $13.1223 | +0.2434 | -15.12% |
| L Income | $12.3256 | +0.1516 | -8.50% |
November 23, 2008
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South Caroline taxes
National Weather Service
Mon May 19, 2008 8:52 AM
Post Reply
Is South Carolina fairly easy on taxes? I am CSRS wife is on Social Security. Moving Myrtle Beach area.
Response to your Article
Food and Nutriition Service
Mon May 19, 2008 8:57 AM
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After reading your article I was suprised that you did not mention living near good hospitals and doctors. As someone who wil be retiring in 4 years and is not in the best of health, I want to stay in Chicago even with the high taxes to be near my doctors and great medical care. I hear so many people talk about retiring assuming that they are going to have the best of health forever and plan on moving to the middle of no where. As someone whose parents are still alive and in pretty good health, I once thought that too, but no longer. I want to be in a place that is easy to get around by walking, taking public transportation or by taxi to take care of my needs whether medical, social or economic. My parents have spent their entire adult life in the suburbs and now cannot see so well and are completely dependent on a car to function. The insurance company now says they are too old to be driving. I don't want to be in that situation as I get older. I want to remain independent.
Taxes by Location
NASA
Mon May 19, 2008 9:49 AM
Post Reply
There is a very interesting article that provides a chart of incom, sales, property, and other taxes by city, mainly state capitols. http://moneycentral.msn.com/content/RetirementandWills/P45875.asp
It doesn't cover everything such as tolls and user fees, and it skips the largest cities, but readers might enjoy a chance to see this information. FedSmith does a great job of finding this kind of article, and I thought this might help. Keep up the good work!
taxes
retired postal employee
Mon May 19, 2008 12:13 PM
Post Reply
Alabama does not tax CSRS or social security for state taxes.
Our retirement choice
US Dept of Justice
Mon May 19, 2008 12:32 PM
Post Reply
HI,
Liked your article on retirement locations and considerations.
We opted to sell our house in Des Moines, IA after service as a prosecutor there, and the conclusion of Details to USDOJ at the National Institute of Justice and later at the United States Senate.
We found Green Cove Springs, FL to be a welcoming spot and have moved our formal residence there, though we are full time live aboard cruisers on our own 40 foot Catalac Catamaran. We have cruised our
first 15 months from New York City down to the Florida straits, and finding our way back north again as we write this from our Verizon USB720 internet card. For the last 3 days we have enjoyed the hospitality of Spooner's Creek, NC and look forward to different anchorages as we move north to Long Island Sound before we move south again as the nights get chilly. We will spend next year's hurricane season in the South Caribbean where a beer is less than $1 and diesel fuel is only 80 cents a gallon. USDOJ@MAC.COM
Relocating and Taxes
Department of the Air Force
Mon May 19, 2008 10:17 PM
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When making relocation decisions one should carefully research all forms of taxation at the new location. A person’s total tax bill may actually be less in a state which collects a state income tax. I frequently relocated employees from a neighboring state which does not collect an income tax to our’s which has such a tax. Yes they loudly cried foul about paying a state income tax until they calculated their total tax bill and found that their total tax bill was lower in our state. The primary reasons: property and state, county and city sales taxes. The state collecting a state income tax has a significantly higher property tax rate as well as higher state, county and city sale tax rates than our state. Something else to consider is that some states with income taxes now either exempt or tax at a lower rate the income of Federal retirees. Bottom line, happiness not taxes is the key to a good relocation because without it the tax rate does not matter.
Unknown Taxes
Department of Homeland Security
Tue Jun 10, 2008 10:09 AM
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We're moving to Texas in one month. My wife and I are CSRS retirees. I thought it was great that Texas had no state tax, however, I quickly learned that they make up for it elsewhere. Real estate properties in our County are re-evaluated each year, bringing property taxes and "school" taxes (a big hit) up constantly. So what you gain in no state tax, you lose in property and school taxes. Property and school taxes come to three times what I am paying now. The school tax was a big surprise.