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Inaccurate and/or misleading reporting. Minnesota is widely regarded as the worst state for retirees. The sales tax rate in the 7 county metro region of the Twin Cities (where the vast majority of people live) is 7.125%; not 6.875%. The sales tax rate in Mpls and St. Paul proper is even WAY higher. I don't know where they come up with these property tax figures, but my home is valued at just over $400,000 and my property taxes are 7 grand !!! And that's not in a tony area at all. Lastly, the top estate tax rate is not 16%, it's an insane 41% !! The 16% figure is what the average is. The new "gift tax" that was just enacted by the Demos along with the new 9.85% top rate that applies to incomes of a whole whopping $150K makes this state the land of not 10,000 lakes, but 10,000 TAXES! Don't ever move here if you are successful or seek to be. MN loves to import 3rd world poverty and then give them every freebie in the world. Same with the ghetto rats from Chicago, Gary, and Detroit. The Twin Cities, Duluth and St. Cloud are infested with them.
P.S. - It snows from November (sometimes Oct.) through April. But all the welfare scum that move here in droves don't care about that part.
renounce your citizenship and become an "undocumented immigrant" and any of the states on the list will fall over themselves trying to give you benefits that they fund through the taxes you used to pay
...then sit back, light a cigar and enjoy your retirement!
New York property taxes are more than twice the median you have stated in this article. The property taxes are almost $9,000 on my property valued at $290,000 (Zillow market value $270,000) in a suburb of Albany, NY and the really high taxes are in Long Island and the New york City Suburbs. Most of the local taxes are the result of the high paid public school teachers and the really high paid administrators of which there are too many. For example a high school may have half a dozen principals and vice principals. The non school taxes are driven up by the generous police and fire pensions as almost all firemen and policemen get full pay and benefits while disabled and the disability can be almost anything as the unions insist cancer and heart ailments are all job related. Local fire departments have more firemen living on disability pay in Florida working in physical jobs than working in the local fire department, Also police and firemen double and triple their last years pay with overtime pay which doubles and triples their retirement. The retirement is tax free in most cases because they are on the job one day and totally disabled the day they retire. The bulk of the remaining local tax collection goes to cover the local share of the State's generous and fraud riven Medicaid program which costs twice as much per participant than any other State.
Only a blithering IDIOT would live in Calfornica at any stage of their life...let alone when they are retired! Ditto for New York! And New Jersey especially!
Financial servitude. America thrives on it. Our backroom political crap shooters depend on it.
Out sourcing good paying American jobs are to blame.
Love my country, fear my government.
****es vote liberal Democrat only to get highest taxes, COL, and out of control spending, then whine about Republicans who cuts taxes on all incomes (Bush tax cut) and spending.
You just can't cure stupid.
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CareerCast has released its list of jobs that really aren't as glamorous as they seem.