Do you go to the tax cuts?

In order to save a bunch of money, Yahoo is some of the people who have moved to the low-tax country. A study on:

Of course, in order to save tax simply, it is extreme to change your life. The several states, but the way you want to modify the budget and their dramatic tax increase, to have this month Illinois such, it may occur a lot in the future.

Most of the major state of population growth in the 2010 census, and is known as a low-tax haven, such as Nevada, Florida, Texas and such.

Of course, there are other costs to consider more taxes. Cost of moving upward and other housing because, still low tax So if you somewhere, and you do not make progress. (. chopped such as re-hash here) costs according to the reason for people to move, there is any other problem in order to live somewhere that you can understand - in particular, less desirable " "and" undesirable "state.

As:

I live in Michigan. I think you can view the status of "less desirable", I, as "most desirable", but'll let you decide if you think both of us know the answer.

When I retire, I say that and earn $ 100,000 part-time job and savings / investment, year enough.

State income tax in Michigan is 4.35 percent. So I have the income tax and $ 4.350. Florida has no state income tax. So you need to save the Michigan only $ 4350 tax in Florida me.

No, not likely to be sufficient to move the people to it, it is just tax on savings income. And, whether or not there is a tax saving of others? Here is an example of some of them it is convincing far:

He said serving customers Lisa Osofsky, and New Jersey CPA, New York, Connecticut, and has been shown in the financial advisor, "that there is a lot of money very, be it" to help fund its previous Because, I go to the post. He said the population tax bracket for less "that you earn several million U.S. dollars in order to save $ 100,000 or $ 50,000 a rich man can be," said.

If you have been doing business in New York, Florida, according to calculations by Bob Meighan TurboTax, they will save a family of four revenue of $ 13.368 to $ 150.000 and local taxes state. It also does not count the additional reduction in the cost of the boots and winter clothes property tax, or real estate tax,. (When the state tax from taxable income their had to be reduced at the federal level will be shaved part of the savings of these.)

When I moved to Michigan from California, profit of $ 85,000 semi-retirement, the benefits, you will be able to $ 112 monthly tax savings income squeeze extra, they said Meigan. Too, I get a low cost of living.

Ha! But let's stick theme - cost of living is one of (a subset of the cost) economy of tax probably the biggest yet.

I go back to my example. I say that wealthy people, and a $ 1 million per year. Now, let's look at the numbers.

State income tax in Michigan is 4.35 percent. So I have an income tax expense of $ 43,500.

Florida has no state income tax. So I, to save the $ 43,500 exclusive of tax in Florida Michigan.

Looks a little more convincing now? Effect is maximum (of course), people who make the most money. Is it enough $ 43K to get someone who must move to $ 1 million a year now. Maybe.

I do not know what we're doing. Our family is in different countries, we even though they have a friend here, when we retire, that we are to stay I do not know. Again, we can in order to determine to go from here, a lot of people "to rise between Michigan, Florida, in the winter months" can be very.

What do you think? Someone considering the tax on the basis of the business of the present or future?