SD vs TX residency
Both have no state income tax so why is SD more often a choice for residence for full time RVers?
Forum Discussion
dons2346 wrote:
No state income tax for Texas either.
Having lived here for 27 years, not having to fill out state income tax returns is a major advantage of Texas.
Of course, we have to pay sales taxes and property taxes at rates higher than many states with an income tax. After all it takes about $X per person for the state to run and provide services, and they have to get the money someway. It might cost more in the long run to live in Texas than one of the other states.
But we know the rules and process - so that is one reason we are staying with Texas for our residence.
However, we are moving our residence to Escapees because we will no longer own any property next month. Heck, moving out of metro-Dallas area will help with insurance rates.
One reason I've decided to stay with Texas is the state has a large number of 'mobile' workers. People who leave Texas to work in other states, and come back home for the winter or between jobs.
We RV folks benefit from being part of that voting block so I feel it will be very unlikely the state legislature will impose any limits on RV folks in the next few years.
That mobile worker population is also a reason that several national coverage plans are available under the ACA through the MarketPlace for Texas residents. It is a large enough group to make it worth the insurance companies profits to go after their business.
