Need to move to 1 of: Alaska, Fla, Nevada, NH, S. Dakota, Tenn., Tex, Wyoming
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Date: July 14th, 2025 2:12 PM Author: Federal double fault sandwich
For a cap gains liquidation. These are the only states that don't tax it. Have no ties to any of these states.
AK is probably out of the question though personally it would be my favorite.
Nevada seems way too hot. Fla could work but also extremely hot. I think Tex is hot and muggy too (never been).
That leaves New Hampshire, South Dakota, Tennessee, and Wyoming
(http://www.autoadmit.com/thread.php?thread_id=5750277&forum_id=2)#49100504) |
Date: July 14th, 2025 3:20 PM Author: aromatic disgusting office feces
would be 180 to spend a year in wyoming
no reason to choose SD over WY so that is out
(http://www.autoadmit.com/thread.php?thread_id=5750277&forum_id=2)#49100704) |
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Date: July 14th, 2025 3:37 PM Author: aromatic disgusting office feces
WY has so many 180 options. Live in farthest remote AF places like "Moneta" or "Arvada" you'll never experience something like this again
You can always do Jackson, Mammoth, Cody etc near Tetons/Yellowstone
Southern WY is not terribly far from Denver if you need to get to a bigger city but has some nice rocky mountain communities
(http://www.autoadmit.com/thread.php?thread_id=5750277&forum_id=2)#49100747) |
Date: July 15th, 2025 11:25 AM Author: Contagious lilac idea he suggested chad
I can’t say much about the other options, but NH has some pretty big property taxes, and they have a “view tax” if you get a scenic view from your house. You’ll wind up paying more in taxes there than you think.
I’ve heard the electric bills in Texas and Nevada are huge because of AC. I know one guy who told me he ultimately saved zero dollars by moving to Texas because property taxes and AC bills ate up any savings.
Unless your cap gains are enormous and you’re looking at multiple millions in savings, your best bets from a pure monetary perspective are probably SD or Tennessee. This is just pure speculation on my part though because I’m not going to the effort to look anything up
(http://www.autoadmit.com/thread.php?thread_id=5750277&forum_id=2)#49102922) |
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Date: July 15th, 2025 11:38 AM Author: Vigorous fluffy plaza
the state always gets its take (except alaska where they pay you to live there)
just a matter of how. some states penalize property, some states penalize income or spending. optimize for your own financial profile.
idk all the details but i assume one of these states compensates for low income tax with sales tax instead of property tax. that's probably the ideal tax regime to seek out.
(http://www.autoadmit.com/thread.php?thread_id=5750277&forum_id=2)#49102949) |
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Date: July 15th, 2025 6:10 PM Author: aromatic disgusting office feces
Wyoming's average effective property tax rate is around 0.58%, notably lower than the national median of 1.02%. This makes Wyoming one of the states with the lowest property tax burden in the United States.
Wyoming's sales tax rate ranks among the lowest in the United States. The state sales tax rate in Wyoming is 4%. In terms of average combined state and local sales tax rates, Wyoming is ranked 44th, which means it has the 7th lowest combined rate in the country, at 5.44%
Wyoming does not have an individual income tax.
(http://www.autoadmit.com/thread.php?thread_id=5750277&forum_id=2)#49104038)
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