Texans are known for their fierce loyalty to their home state, with some even considering themselves Texans first, then Americans. So it's no surprise when Texans band together to protect themselves from outside forces seeking to change the state's character and customs. Thanks to Texas' many years of economic success, people from all over America and beyond have immigrated to the state to participate in its bounty. They have brought with them ideas antithetical to Texas' traditions, including a desire for bigger government. In the face of this foreign influence on their ways, Texans … [Read more...]

For decades high tax states have been treating their wealthiest residents like a bank account, with money to be withdrawn whenever state legislators had a new pet project to fund. In the past, wealthy residents were tied down to places like New York, New Jersey, and Connecticut because of their proximity to centers of industry like Wall Street. Today though, the internet allows wealthy executives to operate their businesses from almost anywhere. With this newfound freedom, many wealthy residents of high tax states have been fleeing for places like Florida, where they get to keep more of … [Read more...]

Some retirees want it all, and by that, I mean a state with warm weather, firearms freedom, and low costs. Catey Hill, an editor at MarketWatch, was asked for just that by a retiree living in California. She responded with some ideas for locations offering just that. She wrote (abridged): You’re not alone in wanting to flee California in retirement — and for you, the costs make it hard to live anywhere in California on your Social Security checks alone. Though you’ll be hard-pressed to find a state with weather as good as it is in many parts of the Golden State. That said, I’ve found some … [Read more...]

There were only two states on the East Coast that ranked in the Top 10 of the Tax Foundation's 2020 State Business Tax Climate Index. Those states were Florida at number 4, and New Hampshire at number 6. In the ranking, states were graded on corporate taxes, individual taxes, sales taxes, property taxes, and unemployment insurance taxes. Florida led the nation with the best ranking for individual income taxes and also secured the second-best ranking for unemployment insurance taxes. Florida placed in the top half of states in all categories. This year New Hampshire moved to 6th … [Read more...]

Elizabeth Warren has a plan to pay for all her plans; take wealthy Americans' money. The problem is, other countries have tried just that, and it didn't work. The rich and ultra-rich can move anywhere in the world and hide their wealth there. That's exactly what they have done in other countries that tried to pin them down and take their wealth. Not to mention how difficult wealth taxes are for family farmers, whose wealth is tied up in their land. They are forced to sell parcels each year in order to fund the taxation. Pretty soon, there's no farm left! And certainly no wealth. At … [Read more...]

You know how important location can be for retirees. Sunshine, access to services and entertainment, and proximity to family are all factors that can make a big difference in retirement. The most important of all though, is cost of living. Taxes, housing costs, and energy costs are especially important to those living on a fixed income. Your Retirement Life: How Do You Know Where to Live in Retirement? Maine’s Governor wants to Live in Florida, Here’s Why Where to Live to Save for Retirement. It’s Not Where You Think Where to Live to Make a Living? Try this Southern Gem Your … [Read more...]

If you live in Hawaii, California, or New York, your state is costing you a lot of money. According to the Tax Foundation, in those states respectively, $100 will only buy you 84%, 86% and 87% of what you can get in an average cost of living state. Meanwhile, if you live in Mississippi, Arkansas, or Alabama, your dollar will last you much longer, with a buying power of 117%, 116% and 115% of average in those states respectively. If you're retired and living on a fixed income, the boost in purchasing power could make a major difference in your standard of living. Analysts from the Tax … [Read more...]

Residents of New England and nearby New York and New Jersey endure some of the nation's highest tax rates (not New Hampshire). With the capping of the State and Local Tax (SALT) deduction on federal taxes, the bad behavior of these states was revealed to everyone. You may think that the federal government and those who want to "tax the rich," are the real winners of the SALT cap, but that doesn't appear to be the case. The tax the rich crowd isn't so keen on taxing the rich when that means themselves. And the federal government is giving away far more in revenue than it's getting with the … [Read more...]