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Comprehensive State Tax Comparison Tool?
03-20-2017, 09:58 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,311
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Comprehensive State Tax Comparison Tool?
In 2013 when we first starting looking at relocation, I had a bead on a good tool to compare the total tax burden from one state vs another. Now I am only finding pieces of each. Are any of you aware of a good, current tool to compare states? We're getting serious about relocation again. I realize we'll still have to fill in some blanks on local/city taxes ourselves.
- income taxes (retiree specific would be even better)
- state sales taxes
- property taxes (imposed at the state level by 36 states)
- excise taxes--for example, taxes on gasoline, cigarettes, and liquor
- user fees--for example, fees to camp in state parks or to drive on state highways, and
- other taxes, such as death and gift taxes, and documentary and stock transfer taxes.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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03-20-2017, 10:02 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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__________________
Numbers is hard
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03-20-2017, 10:09 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,311
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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03-20-2017, 10:20 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,644
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Kiplinger is always good for at least sorting out the ones you do not want-- State-by-State Guide to Taxes on Retirees
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03-20-2017, 12:01 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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Watch out for things like rent controls and restrictive liquor regulations. Some states have really weird restrictions on beer (and wine I assume?). IL seems pretty good in that regard, the screwed up thing is the 'inside baseball' of distribution, and even that has gotten a little better (relaxed self-distribution rules, I think).
-ERD50
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03-20-2017, 01:18 PM
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#7
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,213
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Quote:
Originally Posted by ERD50
Watch out for things like rent controls and restrictive liquor regulations. Some states have really weird restrictions on beer (and wine I assume?). IL seems pretty good in that regard, the screwed up thing is the 'inside baseball' of distribution, and even that has gotten a little better (relaxed self-distribution rules, I think).
-ERD50
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Ain't that the truth. California sells liquor and beer and wine in grocery stores and convenience stores (presuming they have the appropriate license.
I moved to WA state and, at the time, you could buy beer and wine at the grocery store - but liquor meant a trip to the state store.
Then I moved to PA and found that beer was to be purchased *by the case* from beer distributors.... or for a higher price, you could get six packs of beer from restaurants (pizza joints and deli's usually). Wine and liquor was from state stores.
Then I moved to Atlanta - and made a mistake trying to buy beer at a grocery store on a Sunday... it was available in the store - but only during certain hours.
I'm gladly back in California where I don't have to check a calendar before shopping, and don't need to make multiple stops before a party.
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Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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03-20-2017, 01:31 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Posts: 2,511
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You asked for property taxes imposed by the states. In some cases property taxes imposed by the locality - often city can be significant. In Ohio the city/school district property tax can be a significant part of the residential property taxes.
edit: some places may also have city or county income taxes. (my city does)
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03-20-2017, 01:37 PM
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#9
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by braumeister
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Thing is, I can't see that where that chart takes into account property values; i.e., high value locations have high average taxes, in general.
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03-20-2017, 02:24 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by gerntz
Thing is, I can't see that where that chart takes into account property values; i.e., high value locations have high average taxes, in general.
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Did you see the option to view the info "as percent of home value"?
__________________
Numbers is hard
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