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
So the issue is where to domicile, not where to actually live. Am I right? My retirement and SSI will not have state tax in SD, TX, AZ, NV, AK or FL (Or HI, where I live now). My IRA annuity is taxed here in HI but not in SD or TX. That said, the vehicle tax when registering in SD is only 3%. Other states are higher, that can be a big chunk of change. Also there is no annual vehicle inspection. As far as sales tax, I'm not gonna be long in that state but will pay sales taxes where ever I am; on fuel, food, whatever... Also the personal property tax is not collected in SD and some of the other states. Its obvious that a full timer will leave or avoid certain states for various reasons as the person from MI above states. The medical situation is very important and discussed a lot on forums. For many, vehicle and medical insurance are the two highest monthly expenses. I get medical for life through my Hawaii ERS benefits.
As usual YMMV, I could easily see visiting SD every 5 years for DL renewal.
As usual YMMV, I could easily see visiting SD every 5 years for DL renewal.
