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were can you find retirment centers in worm climents, in states that have xax laws favering seniors?

2007-01-22 08:54:55 · 2 answers · asked by Anonymous in Business & Finance Taxes United States

2 answers

When It comes to taxes the IRS does not differentiate between young or old or seniors. They only do that for Rich People!
Something must be pretty good in Florida, Arizona, or South Carolina besides the weather I'm not sure if it's the taxes though. Some states have no sales tax.. but all of them have Federal tax.
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See excerpt from link below/ check out the rest of the story

http://moneycentral.msn.com/articles/retire/basics/9838.asp

The Basics
Which states give retirees the best deal?
If you're thinking about retiring to a state with no income tax, look further. Other taxes could mean you'll pay more, not less. Here's how they all stack up.
By Kiplinger's

Some states are tax-friendly for retirees, others are tax-foul. Do you need
life insurance?
Get a quote.



Location, location, location -- the cardinal rule of real estate -- has a mighty impact on your tax bill in retirement, too. But it may not be in the ways you would expect. For retirees living on a fixed income, taxes can claim an increasing share of their household budget each year, causing some to ponder a move to Florida or Texas, which impose no state income tax. But does income-tax-free translate into a lower cost of living? Don't bet your retirement lifestyle on it.

2007-01-22 09:13:51 · answer #1 · answered by LucySD 7 · 0 0

Florida

Alabama

2007-01-22 17:03:57 · answer #2 · answered by sage seeker 7 · 0 0

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