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Message
re: Well, tonight’s election sealed it for me.
Posted on 11/16/19 at 11:15 pm to Raptordawg
Posted on 11/16/19 at 11:15 pm to Raptordawg
We’ve discussed this with our CPA, if we move our residence to TX we would save about $30-40K a year in taxes.
3
Posted on 11/16/19 at 11:58 pm to WilsonPickett
quote:This depends on many factors, but for most people the total tax burden would be pretty similar in LA and TX. The bigger difference is the cost of living is much higher in Texas.
We’ve discussed this with our CPA, if we move our residence to TX we would save about $30-40K a year in taxes.
My parents recently moved from Texas to Louisiana, taking a pay cut in the process, and all told they are much better off here. They are in a bigger and newer, yet cheaper house, and they are saving thousands in property taxes too. Their utility bills are about half what they were in Texas, so they are saving thousands there too. Groceries are also cheaper, so they are saving thousands more.
The only way I can figure you'd save $40k in taxes by moving to Texas is if you're pulling about $1million per year, so congrats on that.
Posted on 11/17/19 at 1:06 am to WilsonPickett
quote:
if we move our residence to TX we would save about $30-40K a year in taxes.
If you pay that much more in Louisiana state taxes than you would in Texas property taxes then you can afford to live anywhere you want and do pretty much whatever you want.
Posted on 11/17/19 at 3:31 am to WilsonPickett
Hiding those high property taxes huh? shite is high as frick if you don't live out in western Texas with the tumbleweeds.
A shack you say?
A shack you say?
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