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Tax Heaven or Hell: A Guide To The Tax Consequences of Our Retirement Relocation Paperback – August 6, 1996

3.5 out of 5 stars 2 customer reviews

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Product Details

  • Paperback: 125 pages
  • Publisher: Vacation Publications (August 6, 1996)
  • Language: English
  • ISBN-10: 0964421658
  • ISBN-13: 978-0964421653
  • Product Dimensions: 6 x 1 x 9 inches
  • Shipping Weight: 12.8 ounces
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #8,374,996 in Books (See Top 100 in Books)

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I have no trouble determining what kind of climate or what size town I would like to retire to - this book offers the kind of information that REALLY helps me make decisions about relocation for retirement - the tax consequences of relocation and specific, state-by-state information about the tax burdens placed on retirees (or anyone else who is thinking about relocation)! The book includes information about the tax structures of several cities within each state so you can get great info on local taxes, too. The tax info is broken down into each kind of tax; income tax, property tax, sales tax, auto taxes, & other special taxes. States & cities are ranked according to tax burdens for several different income levels. In other books I've read that rank cities, the rankings are pretty subjective - I don't need or want a city that's ranked higher because it has an opera house or a sports stadium! The rankings in this book are based on taxes - plain & simple! State & Local taxes work out to be around 40% of the total taxes paid by each of us, so savings on state and local taxes can make a big difference in comfort and quality of life. Recent studies have shown that states with lower taxes actually provide better services, in other words; schools, parks, roads and other state funded amenities are as good or better in low-tax states. Ever wonder why all the movie stars buy ranches in Wyoming? This book explains it!!!! I hope the authors will update this book every few years! It's a perfect resource!
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Format: Paperback
There are numerous retirement magazines which do better job. This book provides a very basic look at information for planners of the general location for a retirement. It assumes only couples (this may dramatically change if one of marital partners dies) and does not explicitely describe anywhere in the publication the exact meaning of the headings in the aptly worked out tables of taxation accordingly to income level for typical 150 cities,of real estate property taxation, and assumed automobile ownership. It also assumes average statistical consumer goods expenditures of a typical shopping profile for sales tax computing.
It does not clearly state whether posted tabulated taxes are prorated for a year, or for a month. My check up of the state taxes calculated for the states I am familiar with, or lived in, came with much bigger amounts, sometimes of an order of magnitude. The authors possibly include very large medical expenses typical for seniors, which are deducatble in all states.
The authors totally omitted to rate cost of auto insurance which varies greatly, and is in some "inexpensive" states very high, while in some expensive places average to modest.
The retirement advisory publications are of such poor quality that when I retire I plan to write my own book for those who are neither proletarians, nor really wealthy people, non of those either needing or being able to relocate. Other "advisory" publication are concerned about golf courses and bingo clubs assuming that people past age 65 turn into morons drooling obove pictures of their great offsprings and have no other interest.
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