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re: Four "tax friendly' states that are actually money pits for retirees

Posted on 2/15/26 at 9:49 am to
Posted by BestBanker
Member since Nov 2011
19467 posts
Posted on 2/15/26 at 9:49 am to
quote:

Tennessee's overall tax burden is among the lowest, the article is full of shite.


Shhhhhhh.

VACANCY [NO]
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33514 posts
Posted on 2/15/26 at 10:01 am to
quote:

many types of senior citizen income are fully or partially exempt

Boomers keep all the good jobs AND they get discounted taxes. Always rigging the system in their favor
Posted by BCvol
Member since Jan 2022
505 posts
Posted on 2/15/26 at 10:06 am to
I know
This post was edited on 2/15/26 at 10:07 am
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44932 posts
Posted on 2/15/26 at 10:18 am to
Had a family member that use to, didn’t realize y’all repeal the dividend tax four years ago.
Posted by Willie Stroker
Member since Sep 2008
16656 posts
Posted on 2/15/26 at 8:02 pm to
That article doesn’t seem to focus on overall tax burden. Or better yet, tax burden as a percentage of overall income:


I reject the author’s premise and stand by Texas, Florida, and Tennessee.

I’d like to find a tool that allows a user to input income and home value to find an optimal retirement state.
Posted by sheepshead
Panhandle
Member since Nov 2024
30 posts
Posted on 2/15/26 at 8:17 pm to
"I’d like to find a tool that allows a user to input income and home value to find an optimal retirement state."

Gemini
Posted by XenScott
Pensacola
Member since Oct 2016
4154 posts
Posted on 2/16/26 at 8:17 am to
I live in Florida. My HO insurance just went down.
DeSantis is pushing for the abolition of property taxes. Florida is sitting on a huge surplus of cash due to aggressive policies towards waste.

Sales tax in my county is 7.5%. 6% state, 1.5% county. My sales tax may go up a little but the idea of no residential property tax gives me joy.
Posted by LChama
Member since May 2020
4076 posts
Posted on 2/16/26 at 9:33 am to
quote:

You know how we know you don't know?


The trajectory is frightening. In Davidson county, mine has gone from $1200 to $5600 in just the last 6 years.. with an increase almost every two years. Thats on a modest house. Freddie the liberal will raise it every two years and it’ll be like illinois without the illinois salaries.
Posted by Townedrunkard
Member since Jan 2019
15074 posts
Posted on 2/16/26 at 5:49 pm to
quote:

LA is one of the worst offending red states for taxing its residents. We are heavily overtaxed per capita for what we get


We getting it from all directions. High income tax, higher sales tax than TN, and probably the same high insurance that Florida pays b/c we are also on the coast.
Posted by 756
Member since Sep 2004
15918 posts
Posted on 2/16/26 at 8:29 pm to
The thing about sales tax is everyone pays it and you can control some of it buy how you spend .
Would you agree to pay lower or no auto insurance in exchange for a fuel tax per gallon? Everyone is insured and everyone that drives pays
Posted by PlaySomeHonk
Montegut La and Liberty MS
Member since Jan 2023
661 posts
Posted on 2/16/26 at 8:50 pm to
Mississippi has much room for improvement, but the county I live in (Amite) is one of the lowest property tax counties in the state, Sales tax is 5%, and there is no state income tax on retirement account withdrawals, ie 401k, IRA’s, etc.

It’s rural, but that’s what I want. 13k people in a large geographical county. I’m a La baw so I have a place on the bayou in Terrebonne Parish….and that’s not a bad place to live either.
Posted by fareplay
Member since Nov 2012
6589 posts
Posted on 2/17/26 at 10:31 am to
Washington state near Seattle has 10.4% sales tax. Would not recommend as retirement
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