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To: Eric Blair 2084
As the Baby Boomers reach retirement age, they are fleeing in droves to low or no tax red states. Trust me on this. It's not a prediction, it's happening now.

I'm considering this. Why the hell should I pay and extra 5% when I can move to Florida with no income tax ?

52 posted on 11/20/2006 11:05:03 PM PST by staytrue
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To: staytrue

Florida as extremely high property taxes which are based on full market value of your property. County Tax appraisers used to have some leeway to asses your property under full market value but now state law makes them assess it at 100 percent.

Most of the the counties in Florida have property tax rates of 2 percent or more. In Calif, since Prop 13, the property tax rate is capped at 1 percent.

An income tax is based on your income, so you dont pay any income taxes in a bad year.Of course, property taxes are due every year even if you make little or no income.

Abusive property taxes like we have in Florida are far worse than a progressive income tax.


80 posted on 11/21/2006 5:36:44 AM PST by Wacahootie
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