http://taxfoundation.org/article/annual-state-local-tax-burden-ranking-fy-2011So I've been trying to figure out my future. This week I've been trying to see how I can save on taxes because I'm free to move to another State. I studied the above site and many others. What it seems like to me is that most States are about the same.
What I found:
- States that don't tax Military pension normally have low housing cost but high property taxes and or high sales tax
- States with no income tax have high sales tax and higher housing cost
- States with lower income have less taxes but it's probably crappy
- States with income tax have high housing but lower property tax
Almost all States seem to equal out some how. They tend to draw in different groups of people by the tax rate. Younger people seem to want to go somewhere for "how much they get paid". Older folks want to "cut down taxes". Middle aged people want a happy medium. Do any of you have suggestions on how to pick a place to save on taxes?? I know there are many ways for someone to figure out on where they want to live (Jobs, beaches, mountains, Family, housing, taxes) but I would like to think of it from a strictly FI or Fire financial stand point.