New York and California have always been high-tax states. However, the new tax bill may be causing a migration shakeup. High coastal taxes, primarily in NY and CA will cause residents to flee these states, according to economists. Continue reading High Coastal Taxes Will Cause Exodus, Economists Say
Cost of living news
April 17th is quickly approaching and soon residents of the US will be paying taxes this year. Of course, taxes come in all shapes and sizes. Location matters, and there’s no time like tax time to demonstrate why. Continue reading Here’s Why Location Matters When Paying Taxes This Year
Taxes vary around the country. While federal rates stay the same, state taxes can have a big impact on your earnings and cost of living. Taxes in North Carolina are roughly in the middle of the country, median-wise. Continue reading The Taxes in North Carolina Are A-OK For Now
For individuals living in high tax states such as California, New York, or Connecticut; states with no income tax may seem like a mythical beast. Could such a wonderful land actually exist? They do, and there are plenty of them. However, before you decide to pick up and move to one of these bastions of economic freedom, there are a few things to consider. Continue reading Are States With No Income Tax Better For You?
Florida has always been a popular destination for individuals looking to escape high-tax states. However, with the new tax overhaul set to take effect, the Florida tax haven is looking even more enticing now. Continue reading The Florida Tax Haven Is Looking More Enticing Now
There’s a lot of residents moving out of Vermont these days. In 2016, the state lost 16,500 residents to other states. Taxes are partially to blame, but the trend is somewhat troubling. Vermont has seen a net loss of residents for the past 10 years. Continue reading More People Moving Out Of Vermont Than Moving In
Seven hypothetical scenarios provide a sense of the impact you can expect on your personal budget from impending tax rate changes.
The new Seattle tax on wealthy residents is illegal, according to the courts. The tax imposed a 2.25% tax on total income above $250,000 for individuals and above $500,000 for married couples filing jointly. Continue reading Judge Says New Seattle Tax on Wealthy Is Illegal