New plan will cost me $2500, due to New Hampshire’s high property tax.
That doesn’t sound right, unless your property tax is like 20k. I lost 10k in itemized deductions, net, plus 8200 in personal exemptions, and my taxes are still dropping 3.2k
My tax goes from $1000 to $3200. They didn’t change the rates for qualified dividends, but I lost deductions.
But when you factor in the fact that Cow Hampshire has no income tax *or* sales tax you're very probably *still* way ahead in the game.
For example...I bought a new car a couple of years ago and given that my "trade" was a total (which is why I bought it in the first place) I paid just over $3,000 in sales tax here in the Gay State (Massachusetts).Also,one of my pensions is taxed at about $2,300 a year by Gay State hacks.And when I was working....well,you don't even want to know!
And out of curiosity...how much do you pay in property taxes? I have a nice,but far from huge (or luxurious),condo that I pay about $3,000 a year to Town Hall.
>>New plan will cost me $2500, due to New Hampshire’s high property tax.<<
I find that hard to believe. Take a look here and let us know if you’re right: http://taxplancalculator.com/calc
the tax “break” for income between 82 up to 156 is a measly 1%.....