In our informal poll over the last week, Augusta National beat out Pine Valley by a margin of 5 to 1 as the course our readers would most like to play. The responses to this week's poll question will help us better serve you by giving us an idea of what is most important in a golf course community. Thanks.
Florida does not charge its residents a state income tax. For that reason, the Sunshine State has been especially attractive to well-heeled retirees with investment portfolios that generate significant dividend income. But in terms of total tax burden, Alabama is a better deal. And if you don't mind wearing a sweater on the course in winter, Tennessee is the best deal of all.
Sales and property taxes neutralize the positive effects of a zero income tax. Of the states where you can play golf year round, Tennessee is 48th in tax burden, taking an average 8.5 percent from its citizens. Alabama follows at #46, assessing an average total 8.8 percent, with Texas at #43 (9.3 percent), Florida #38 (10 percent), and Virginia #33 (10.2 percent). A chart at RetirementLiving.com ranks all the states by total tax burden.
Sales and property taxes neutralize the positive effects of a zero income tax. Of the states where you can play golf year round, Tennessee is 48th in tax burden, taking an average 8.5 percent from its citizens. Alabama follows at #46, assessing an average total 8.8 percent, with Texas at #43 (9.3 percent), Florida #38 (10 percent), and Virginia #33 (10.2 percent). A chart at RetirementLiving.com ranks all the states by total tax burden.
Page 941 of 1022
Our Latest Newsletter
March 2024
March 2024 In This Issue Half Million People Leave Florida. Why? Your Next Home Not Getting Bigger; It’s Getting Better
