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STATE TAX INFORMATION
Ivan Gillis
The following information is current. In addition to listing states with no income tax, information on social security, property and etc are listed under each state name. The total tax burden should be considered when choosing a retirement home location. Information provided as reference material only, not to be consider legal or financial advice.
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Which are the best states to retire to in the US?
Ivan Gillis
"Best" in terms of taxes? Climate? Location? Economy? Lifestyle? Right. I assume your utmost concern would be how heavy (or light) the taxes are if you plan to move to another state when you retire, because taxes affect your net disposable income amount. . . . keep reading
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Interested in Retiring in New York?
Ivan Gillis
Did you know that the state of New York has a special property-tax break, designed to benefit the seniors? Does the thought of paying property tax after retirement worry you? In the state of New York, you are provided with a property-tax relief in the form of homestead exemptions or deferral of property taxes. Senior couples with an income of 60,000 dollars will qualify for this exemption. . . . keep reading
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Tax Odds & Ends for Retirees
Ivan Gillis
Americans will spend more on taxes in 2008 than on food, clothing, and housing combined, according to Tax Foundation President Scott Hodge. This year, Americans worked 74 days to pay their federal taxes and 39 days more to cover state and local levies, the Tax Foundation calculated. There's not much you can do about the federal taxes if you want to live in the United States, but the state and local tax burden varies considerably by location. The most expensive state and local taxes are typically sales and excise taxes (14 days' pay), property taxes (12 days' pay), and income tax (10 days' pay). . . . keep reading
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10 TAX HAVENS FOR RETIREES
Ivan Gillis
World News & Reports selected the following 10 locations as best tax havens for retirees. Click the town for their detailed information on each location. . . . keep reading
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