New on board with retirement question

As I recall, Florida has some sort of "intangibles" tax.
I am sure it wouldn't effect me but someone with a
big pile might need to check it out. Otherwise, I agree
with the post. Florida is a pretty low cost state,
especially housing.

JG

As I recall, Florida has some sort of "intangibles" tax. I am sure it wouldn't effect me but someone with a big pile might need to check it out. Otherwise, I agree with the post. Florida is a pretty low cost state, especially housing. JG

I've heard of this but it must not amount to very much since FL has been a retirement haven for yrs and I dont know any people from NYC etc that dont have a"pile" who can up and move to FL

[JWR1945]

As I recall, Florida has some sort of "intangibles" tax.
I am sure it wouldn't effect me but someone with a
big pile might need to check it out. Otherwise, I agree
with the post. Florida is a pretty low cost state,
especially housing.

JG

The intangibles tax does not apply to retirement accounts. IIRC, money in a bank and in Treasuries are excluded as well. I am not sure about Money Market accounts.

There are minimum (exclusion) amounts as well. I have had to file (by telephone) several times, but not to pay.

Republicans have been trying to get rid of the intangibles tax for years. They have cut it already. It looks as if they are going to get rid of it this time around.

(Maybe it is already gone and no one has told me. I have not received my intangible tax forms yet.)

Have fun.

John R.