Forum Discussion
Donna_Jean
Oct 30, 2019Explorer
wanderingaimlessly wrote:
Choice of home state for domicile is more than just the health insurance. State income taxes, health insurances, vehicle plates and insurances, Vehicle/personal property taxes all come into play.
If you have spent a lifetime in one state, there are many differences you may not realize. Some states don't tax you for breathing, others do.
"Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming have no income tax – for any residents.Feb 25, 2019" also some dont require you to return annually for a vehicle inspection, South Dakota for example.
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Look closely at the Domicile page for mail and residency info. And you dont have to use them, there are other mail services, But I point to them rather than trying to reinvent the wheel on covering the reasons and means.
you are right about the differences on taxes it's one of the reasons when we leave the road we will live in TN, they have no state income tax and they have low property taxes. They are almost phased out of tax called the Hall tax where they used to tax your investments at i think as high as 5% by the time we move there it will be completely gone. I am so glad for the links everyone posted, it will be so helpful.
Forgive me but I am so excited about what is to come that I can't help but talk about it all the time. But I loose sleep thinking about everything we have to do first. We have so many things to sell, a large house, two boats, a truck, a camero, hold an estate sale, rent a few storage units, buy a Diesel Pusher, buy a jeep. Oh and LOL did i tell you we have never spent even one night in an RV before. However my husband and I have spent 30 years towing and sleeping in cigarette style boats in marinas so I think I can handle a nice motor home. I get the say over the interior and my husband the engine, my big demand is it has to be a bath and a half.
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