Changing Domicle to Florida
Afternoon all, ok we have been fulltimers for 7 years and have South Dakota as our legal address. Since we have been spending lots of time in Florida and plan to in the future, we are thinking of cha...
Forum Discussion
bound4fl wrote:You will have to do your own checking to see what is current, but we left there in 2005, because it was cheaper to pay income tax in another state than to pay the taxes on our holdings in Florida. We still own properties there and the taxes we pay on them, the insurance we pay and the amount the state takes as its cut, are not a small amount.The Texan wrote:
Everyone keeps talking about "income" tax, but no one mentions the fact that Florida does tax other assets and is NOT all that friendly to folks who have their wealth in something other than a pension or retirement income.......Do yourself a favor and look at the ENTIRE picture, not just one small section...
What else is taxed? Personal property? Pension? 401? Land?
Just wondering, we will be there in a couple of yes.
