rockportrocket wrote: The difference in state income tax and no state income tax, is............
you get to make the decision to pay other taxes, but you dont on income tax.
Yeah, you can always live in a box under a bridge. That will show them.
2004 National Tropi-Cal T-350, Class A, Triple slide, 330 HP Cat DP. 2006 Dodge Dakota 4x4 or
2002 Harley FLSTF Fat Boy on a Trailer or
2004 Polaris Quad on the Trailer
Some years ago, we met some folks from San Antonio while attending an rv rally.. We compared home values and property taxes with theirs. Our homes value was more than twice that of the folks from Texas home was, yet we paid considerable less in Property taxes...
Their general cost of living was less in Texas than ours though..There's always a trade off I guess..
We love parts of Texas (still so) and considered moving there.. In the end we could not give up our weather here in SoCal..
Barb
2001 Chev. 3500 CC Duallie, D/A, 20.5 Pullrite Super 5th, Roll n Lock, StarBoards, Firestone Air Bags, TTT Mirrors, BrakeSmart.
2004 HitchHiker Discover America 33 1/2 CKQG, Disc Brakes, Mor/Ryde IS
Garmin Nuvi 350
We lived in FL for a number of years with no state income tax. The bottom line is the state has to have money to operate. If it doesn't come from income tax..it's going to come from somewhere. FL's property taxes can be very high...and a lot of other taxes are high as well. But food and med's were not taxed and a lot of OTC meds weren't taxed.
Is OK telling you where and how it intends to get it's operating $$?
covetsthesun wrote: We lived in FL for a number of years with no state income tax. The bottom line is the state has to have money to operate. If it doesn't come from income tax..it's going to come from somewhere. FL's property taxes can be very high...and a lot of other taxes are high as well. But food and med's were not taxed and a lot of OTC meds weren't taxed.
Is OK telling you where and how it intends to get it's operating $$?
cts
That's the $64,000 question I'd like to have answered. All the propaganda just says there are lots of costs of operation that can be reduced. Kind of like politicians running for office, they will tell you anything but then after-the-fact nothing gets done as promised. Our current federal administration is an excellent example of that. They are claiming even back several years ago when the state income tax rate was reduced that sales tax revenue increased. Liers can figure but figures don't lie.
Wagonmaster2
LOL! Even FIGURES can be made to lie!! Years ago I lived in MO. During the initial riverboat craze all the talking heads told us our property taxes would be lower, streets better and we'd have better educated kids...IF...IF we allowed the river boats on the Missouri river. Well...fast forward... Jackson and Clay Cos property taxes rival some Florida locales, KC school district lost their accreditation (according to friends), roads in KC still need fixing. Oh..and the riverboats are barges tied to land. Too dangerous to have real "boats" on the waters. The proponents had all the figures in the world laid out to prove the rosy future. The only place that seemed to benefit was North Kansas City...but it still smells bad.
OK is going to get the money from somewhere. And...it sounds like the propaganda machine is in full swing. The very, very wealthy do quite well in "no state income tax" states. If I had a huge income I'd be living in FL again. And..no...I'm not mad at the wealthy people.
It just occurred to me... If OK goes to "no state income tax" it could be a huge draw for people of wealth to relocate themselves and possibly corporations. That would go a long way toward stimulating OK's general economy. That would help generate operating $$, but... that doesn't mean it will help you.
It should be kept firmly in mind that a FULL-TIMER could care less about property taxes, he just wants to avoid the paperwork involved in filing State Income Tax Returns!
Since he will probably spend very little time in his "State Of Residence", he probably doesn't much care about the Sales Tax Rate, either (he is more interested in the tax rate where he is currently buying "stuff"!)
For me, the choice will be simple: Do I want to deal with the annual State Tax Returns in exchange for the PERMANENT registrations for vehicles over 10 years old, or do I want to become a "paper resident" of a state that does not have an income tax, and have to deal with annual re-registration of vehicles?
I still have time to make up my mind.
* This post was
edited 02/08/12 07:49am by an administrator/moderator *
CM1, USN (RET)
2002 Fleetwood Southwind 32V, Ford V10
Toad: 2006 Jeep Rubicon LJ
Other toad: '06 PT Cruiser, Kar Kaddy dolly
Toy: 1977 Dodge W100 CC SWB, 3/4 ton axles & springs
"When seconds count, help is only minutes away!"
State Taxes, as with any other taxes collected, are subject to, shall I say, shrinkage due to misdirection and/or high administration costs.
And changing the name in some cases from TAXES to FEE'S helps misdirect.
There will always be taxes, it's a fact of living.
The advantage of a state with no income tax is that it will take a lot of pressure to enact one. On the other hand, states with income, sales, and property taxes can easily jack up the rates at any time.
Worst case with property taxes, buy some unimproved land in and stick a portable building on it as a mailbox. With an income tax, there is no escape unless your CPA already has already made you a "paper resident" of Texas.
mowermech wrote: It should be kept firmly in mind that a FULL-TIMER could care less about property taxes, he just wants to avoid the paperwork involved in filing State Income Tax Returns!
Since he will probably spend very little time in his "State Of Residence", he probably doesn't much care about the Sales Tax Rate, either (he is more interested in the tax rate where he is currently buying "stuff"!)
For me, the choice will be simple: Do I want to deal with the annual State Tax Returns in exchange for the PERMANENT registrations for vehicles over 10 years old, or do I want to become a "paper resident" of a state that does not have an income tax, and have to deal with annual re-registration of vehicles?
I still have time to make up my mind.
Having done both for many years, I can absolutely say that renewing vehicle registrations annually, or bi-annually here in NY, is much easier than filing income taxes. And often much cheaper...
The same push is on here in MO, but the solution proposed to maintain revenue is to increase sales tax by 3%. Which could make for some pretty hefty taxes on new vehicles and other expensive purchases.
Offline
Online
