British Expats - What's the best state for tax purposes?

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British Expats (https://britishexpats.com/forum/)

- USA (https://britishexpats.com/forum/usa-57/)

- - What's the best state for tax purposes? (https://britishexpats.com/forum/usa-57/whats-best-state-tax-purposes-523866/)

hulk_hogan

Mar 23rd 2008 5:09 pm

What's the best state for tax purposes?

Which states have the lowest income tax, state tax, business tax, etc?

Florida springs to mind.

lapin_windstar

Mar 23rd 2008 5:12 pm

Re: What's the best state for tax purposes?

It depends what you mean by "best", doesn't it? If you mean where you pay the least tax, that's one thing, but if you're talking about where you get the best deal in terms of taxes paid vs. public services back, that's a completely different thing.

hulk_hogan

Mar 23rd 2008 5:16 pm

Re: What's the best state for tax purposes?

lowest tax irrespective of services

Juswus

Mar 23rd 2008 6:07 pm

Re: What's the best state for tax purposes?

NOT Maine that's for sure :thumbdown:

Ray	Mar 23rd 2008 6:09 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by hulk_hogan (Post 6100833)

Which states have the lowest income tax, state tax, business tax, etc?

Florida springs to mind.

Let it spring out again ....

RoadWarriorFromLP

Mar 23rd 2008 6:11 pm

Re: What's the best state for tax purposes?

Alaska. No state sales tax, no income tax.

md95065

Mar 23rd 2008 6:12 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by hulk_hogan (Post 6100849)

lowest tax irrespective of services

A quick Google search for "state taxes" will find you lots of information about this. including:

"The best and worst states for taxes" from MSN Money

"Taxes by State" from The Retirement Living Information Center

"State tax roundup" from bankrate.com

and there are lots more ...

hulk_hogan

Mar 23rd 2008 6:13 pm

Re: What's the best state for tax purposes?

ok, so going back to what lapin said, if the tax is so low, what do you loose out on?

md95065

Mar 23rd 2008 6:15 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by RoadWarriorFromLP (Post 6101008)

Alaska. No state sales tax, no income tax.

Yes but, unfortunately, you have to live in Alaska :(

RoadWarriorFromLP

Mar 23rd 2008 6:16 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by md95065 (Post 6101021)

Yes but, unfortunately, you have to live in Alaska :(

Yes, it does. Makes paying taxes seem like a good thing, doesn't it?

Ray	Mar 23rd 2008 6:17 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by hulk_hogan (Post 6101014)

ok, so going back to what lapin said, if the tax is so low, what do you loose out on?

That the fun bit finding out ...try Mississppi for a trip...

Juswus

Mar 23rd 2008 6:18 pm

Re: What's the best state for tax purposes?

Quote:

Even if you live in the most heavily taxed state, Maine (which collects an average of 13.5% of residents' income),

I knew it!!!! :eek:

hulk_hogan

Mar 23rd 2008 6:21 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by Ray (Post 6101030)

That the fun bit finding out ...try Mississppi for a trip...

i'll get shot

Ray	Mar 23rd 2008 6:32 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by hulk_hogan (Post 6101038)

i'll get shot

probably ..but it will be an experiece ....

Juswus

Mar 23rd 2008 6:35 pm

Re: What's the best state for tax purposes?

Quote:

Originally Posted by Ray (Post 6101061)

probably ..but it will be an experiece ....

:rofl:

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