trapperjohn
Recycles dryer sheets
- Joined
- Jun 1, 2012
- Messages
- 87
I'm retired and considering changing my state of residence from Ohio where I pay about 4% income tax, to Florida with no income tax. My Ohio tax is about $15K / yr. This does not include my wife's income or Ohio tax.
My DW would continue to live and work in Ohio. I would continue to travel and stay with her, but fulfill the legal requirements to maintain residency in Florida.
To me it seems that it would be better to stay in Ohio and pay the tax, because it would cost more than $15k to establish a residence in Florida.
Am I missing something? It doesn't seem financially better to move to FL.
My DW would continue to live and work in Ohio. I would continue to travel and stay with her, but fulfill the legal requirements to maintain residency in Florida.
To me it seems that it would be better to stay in Ohio and pay the tax, because it would cost more than $15k to establish a residence in Florida.
Am I missing something? It doesn't seem financially better to move to FL.