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http://finance.yahoo.com/focus-retirement/article/112987/tax-unfriendly-states-retirees?mod=fidelity-livingretirement&cat=fidelity_2010_living_in_retirement
Some states offer attractive tax benefits for retirees. Then there are these ten tax hells, which have earned a place on our "do not live here for your second act" list either because of higher-than-average taxes across the board or because of policies that don't exempt much retirement income from state taxation. For retirees living on a fixed income, high income taxes, burdensome real estate taxes and hefty sales taxes on daily purchases can really eat into a nest egg. Choosing to relocate to — or stay put in — a state with a low overall tax burden can help stretch your retirement income.
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Mad Poet Strikes Again. |