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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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Thinking of Retiring
In the States instead of Baja???
10 most tax friendly:
http://money.msn.com/retirement/10-most-tax-friendly-states-...
10 least tax friendly:
http://money.msn.com/retirement/10-least-tax-friendly-states...
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Udo
Elite Nomad
Posts: 6364
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
Member Is Offline
Mood: TEQUILA!
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I'm glad South Dakota is in the TAX FRIENDLY category (no state income taxes).
I just got my DL there (as well as Jana), plus we just transferred our money from our California branch to the South Dakota branch, and are
re-registering our voting address.
Our cars are next, but I have to wait for our duplicate titles from California. Our original titles were burned up in our house fire.
Udo
Youth is wasted on the young!
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DocRey
Nomad
Posts: 180
Registered: 2-27-2013
Location: SADM, Playas de T.J./Rancho Cucamonga, CA
Member Is Offline
Mood: Cautiously Optimistic
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Two years, seven months & it's "California Away I Go"... Dah, dah, dah, dah.... Dah, dah, dah....
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bajadock
Super Nomad
Posts: 1219
Registered: 12-20-2006
Location: Punta sur de \'Nada
Member Is Offline
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8 years ago, I started reviewing economic environment of potential states to which I might move from Colorado. That evaluation plus a chance
invitation to visit Panama in January 2006 led to my move here in late 2006.
I am convinced that approx 50% or more of those age 50+ have no idea what their prospective retirement needs and goals are.
Wishing all of my still working colleagues back in Colorado well on their path to unplugging from their careers.
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rts551
Elite Nomad
Posts: 6700
Registered: 9-5-2003
Member Is Offline
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Hmm Arizona is in the top 10 with a low State Sales tax. But beware, what they don't tell you is that local taxes push that up.That is as hight as
10.7% in some areas.
Is California still pursuing people with out of state plate?
Stated on the website
"Likewise, if you have homes in more than one state, you could save money by establishing residency in the state with the lowest tax burden. If you
opt for that strategy, be careful, because states are increasingly scrutinizing part-year residents, says Kathleen Thies, state tax analyst with CCH,
a leading provider of tax information and software. In addition to spending more than half of the year in your chosen state, she says you should
register to vote and obtain a driver's license there."
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Jeez, outside of AZ, there is no way I'd want to live FULL TIME in any of those states; regardless of the tax savings.
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msteve1014
Senior Nomad
Posts: 947
Registered: 12-2-2006
Member Is Offline
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Udo must be going for the pheasant hunting.
I'm retired in California, and I'm not moving to save a few bucks. It was good enough for my first 50 years.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Mexico doesn't even have gas tax. The government owns the product so they just set the price where they want.
"YOU CAN'T LITTER ALUMINUM"
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bajagrouper
Senior Nomad
Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
Member Is Offline
Mood: happy and retired
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Dennis you are mistaken with that statement....
Baja California, Baja California Sur and Quintana Roo are duty free states, your IVA is 11% where as the rest of Mexico has an IVA of 16%... When you
gas up it cost 5% more on the mainland except Quintana Roo......
I hear the whales song
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Udo
Elite Nomad
Posts: 6364
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
Member Is Offline
Mood: TEQUILA!
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I do no hunting, Steve.
Although, when I was in SD last month, I saw many atvs with a deer on their back rack.
I do fish, however.
| Quote: | Originally posted by msteve1014
Udo must be going for the pheasant hunting.
I'm retired in California, and I'm not moving to save a few bucks. It was good enough for my first 50 years. |
Yes, it was good enough for your first 50 years,but when you start getting your social security checks, and you see $266.00 taken out in state
taxes..........................
makes you think twice about living in California, the land of GOLDEN FLEECING.
Udo
Youth is wasted on the young!
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msteve1014
Senior Nomad
Posts: 947
Registered: 12-2-2006
Member Is Offline
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So, are you going to live in SD, or is this just a tax scam?
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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Udo
$266.00 a month plus what you save in vehicle registration costs !!!
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by bajagrouper
Dennis you are mistaken with that statement....
Baja California, Baja California Sur and Quintana Roo are duty free states, your IVA is 11% where as the rest of Mexico has an IVA of 16%... When you
gas up it cost 5% more on the mainland except Quintana Roo...... |
Waitaminit.....the federal government owns the product on the market.
The federal government sets the price.
The federal government doesn't tax the product....only controls the price.
What the states do is over and above the controlled price.
My comment addressed the price of gas from the source.
I see what you're saying though, and it's a good, valid point.
"YOU CAN'T LITTER ALUMINUM"
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midnightrider951
Newbie
Posts: 8
Registered: 10-23-2013
Member Is Offline
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This is great topic. I registered my RV in SD 3 years ago and save a boatload of money. So I looked into residency requirements and they are pretty
easy to become a resident. The problem arises from the state of California however.
From what Ive read if you dont "divorce yourself" properly you may end up being a DUAL RESIDENT of both states, defeating your escape from
Kalifornia.
Things like canceling library cards, association memberships...all the minor stuff you might forget are the things they (state board of
equalization)will try to trip you up on.
What has been others experiences with this? Do you still hang out in California and Baja etc. while being a "South Dakota Resident". TIA
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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From that same link Mexico was ranked 4th overall as the place to retire:
Ecuador 91.9
Panama 89.0
Malaysia 87.6
Mexico 85.1
[Edited on 10-23-2013 by durrelllrobert]
Bob Durrell
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LancairDriver
Super Nomad
Posts: 1603
Registered: 2-22-2008
Location: On the Road
Member Is Offline
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It's not that hard to legally cover yourself, even with the predatory CA (or OR)tax collectors. UDO has taken the best route with the SD residency.
Drivers license, voter registration, car, boat, RV, ATV registration and credit card address changes. NV and SD among others, has mail forwarding
services that will provide you with an address. The savings for a CA resident retiring in Baja is significant. As far as the half time rule, how can
they possibly keep track of this? They would have to track you 24 hrs a day to prove where you spend your time. Cross the border into AZ and drive
into CA occasionally if necessary. Unless you feel you owe CA something, your retirement budget will stretch much farther.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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Since you asked .....
..here are the ranking of the other best places, after Mexico, to retire to (the higher the score the better):
Costa Rica 84.4
Uruguay 83.7
Colombia 83.0
Spain 82.5
Thailand 82.3
Malta 80.1
Portugal 80.1
Nicaragua 79.7
Ireland 79.5
France 79.5
Philippines 79.5
New Zealand 79.3
Italy 79.0
Brazil 75.5
Chile 74.8
Honduras 74.6
Belize 73.2
Dom. 71.0
Bob Durrell
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midnightrider951
Newbie
Posts: 8
Registered: 10-23-2013
Member Is Offline
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I wonder if I can keep my SENTRI card if I change my residency to South Dakota.
hmmmm,
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msteve1014
Senior Nomad
Posts: 947
Registered: 12-2-2006
Member Is Offline
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| Quote: | Originally posted by midnightrider951
I wonder if I can keep my SENTRI card if I change my residency to South Dakota.
hmmmm, |
Maybe you can use it for all the trips you be taking to Canada, after you move.
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Ateo
Elite Nomad
Posts: 5927
Registered: 7-18-2011
Member Is Offline
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Just pay your taxes. If you swindle your way out of them, I pay more. 
I know, I'm not technically on topic.
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