I’m trying to decide which US state to set up residence in.
This is a complicated question. For one thing, deciding where you want to reside depends on things like:
- Income Tax (None in FL, TX, NV, WA, SD, TN (excpt dvnds)
- Sales Tax (especially for vehicles)
- Property Tax
- Health Insurance rules for those who aren’t in-state much
And requirements like:
- How long do you have to be in-state?
- How often do you have to renew Driver’s License and Registration?
- Can you get out of jury duty because you’re gone?
RVers have been doing this for a while:
And there are some new complications:
The Patriot Act now requires that financial institutions have a residential address on file for each of their customers, and it explicitly excludes the use of mail forwarding addresses for this purpose.
So I wanted to start a thread that gathers some good information on how people make this decision, problems they’ve had, and things they’ve learned.
For me it might make sense to stay in FL because it’s tax-free, I have the license already, and they have no in-state requirement. But I have no family or real address there if it’s ever required, and I don’t see myself owning land there because it’s too far from a major airport.
Nevada or TX makes sense if I’m going to buy some land and stay in the winters–both are by good airports and have strong tech communities.
Maybe folks want to contribute to a spreadsheet that has some of this data filled in? Or we can keep it in this thread?
For most of us that are earning right now, the short list is probably the states with no income tax, but there are other considerations and I want to make sure we know what we’re getting in to.
How have you all made this decision?