Worst states for retirement(taxwise)

One of my 3 brothers lives and works in Rochester, NY. He and his wife plan to retire in about 5 years, and move to Tennessee. I asked my brother why he wanted to move and he said, in order, taxes and weather.

And some folks why manufacturing is moving offshore. Companies (and people) migrate to low cost environments, and America is no longer "in the game".


Quote

Originally posted by: captain bill
To clarify on TN...no income tax on regular income. But they do tax some interest (not banks,
Credit unions, etc) and dividend income at a realatively low rate. Even that tax is probably on its way out (or being reduced). It doesn't amount to alot and our republican legislature and Gov are against it.


Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now