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To: Sub-Driver
New Hampshire, just 25 miles east, has no income tax or sales tax.

Yes but they have some Hellish Property Tax.

6 posted on 01/09/2004 7:02:42 AM PST by mylife
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To: mylife
Probably can't be worse than what they have now.
9 posted on 01/09/2004 7:14:30 AM PST by looscnnn ("Live free or die; death is not the worst of evils" Gen. John Stark 1809)
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To: mylife
New Hampshire, just 25 miles east, has no income tax or sales tax.

Yes but they have some Hellish Property Tax.

Add up NH's 'Hellish Proprty Tax' plus our sales tax (0%), plus our state income tax (0%), and it's a whole lot less than anywhere else in the northeast.

My family is solidly middle class (~75K per year) and we have a large house on an acre of land near the MA border. if we moved 12 miles south into MA, our total tax bill would go up by $2,000-$2,500. I would expect that moving to Maine or Vermont would show a similar increase. (Maybe slightly smaller, but not too much.)

17 posted on 01/09/2004 7:49:36 AM PST by PortugeeJoe
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To: mylife
New Hampshire, just 25 miles east, has no income tax or sales tax.

Yes but they have some Hellish Property Tax.

It's not too bad. My home is about $250,000 and the annual tax is $3700. Most states have a sales tax with a lower property tax, but unlike the sales tax, the $3700 property tax is deductable on my federal return. That brings it down to about $2500.

And let's not forget, the taxes are "for the children."

18 posted on 01/09/2004 7:52:24 AM PST by Living Free in NH
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To: mylife
"Yes but they have some Hellish Property Tax."

We have a property tax, but it is no higher than Maine or Vermont and lower than Mass. It averages about $20 per thousand at 100% valuation. In towns with few children, like Killington, the property tax rate would be closer to $15 per thousand.

We also have room and meals tax of 7% (or is it 8%).

What we don't have is a sales tax or an income tax. Overall, our tax burden is substantially lower than just about anywhere. Alaska is the only state with a lower tax burden (5.5%), NH is second with 6.6% and Delaware is third with 7.7%.

Vermont is 12th highest with an overal tax burden of 10.1%. That means Vermont's tax burden is 53% higher than NH.

The other surrounding states are Maine at #1 (12.2%) and Mass at #13 (9.9%).
21 posted on 01/09/2004 8:04:17 AM PST by Poser
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