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Old 02-06-2013, 05:02 PM   #21
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I like this link! My income tax is notably higher than my property tax...and our guv has just announced plans to increase the income tax by 19%.

The site does not take into account excise, estate, liquor, meals and other state taxes but does give a good windage on things.

Moving 40 miles north to NH would save me about $12K a year I think.

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Old 02-06-2013, 05:10 PM   #22
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Our pensions are fully taxed at Federal, state, and county levels, so moving to a state that either has no income tax, or doesn't tax pension income, is a very attractive idea to us.

Interestingly, these types of articles/tables never mention that NC doesn't tax Federal or military pensions or SS, due to the legislation known as the "Bailey decision."


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Old 02-08-2013, 12:59 PM   #23
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General taxing information is almost meaningless because of all the variables. You almost have to pick an exact location you would like to move too, and find exact costs to compare to current situation. I live in MO which has a 6% income tax over 9k of income. Since including my PT job, I am about
100k last year. I originally thought if I moved to an non state income tax state, I would save close to six thousand bucks. Well, not true. Thanks to a provision of pension income being excluded, my state taxes were less than $1700, or only 1.7% total.

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