California looses two more taxpayers!!!

02/22/2003 | TMMT

[DensaMensa]

"Which states have no personal income tax?" Seven states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income.

Looks like your new home has another benefit.

[WestCoastGal]

I lived in Jackson about 3 years ago and REAlly wish I had stayed!!! It is the most beautiful place and so close to Yellowstone, we used to have a yearly pass and would go just for the day. Truly a magical place. Now I'm back in California, based on a bad decision. Still trying to get out, wish me luck.

[DensaMensa]

Maybe your employer will send your paychecks to Wyoming. You actually "perform your services" in the air over many states. Check with your accountant --- your mileage may vary. The tax savings could be subtantial.

[4America]

From time to time I'll listen to Terry Anderson. And yes....Tancredo is the man!!!!

[4America]

"We should make Kalifornia succeed from the union and realign with Mexico. Oh, excuse me, it already has"


I agree with you 100% on that. (C)Kalifornia "Used To Be" a wondeful place to live. But, those days are far gone.

[Paulus Invictus]

Some of my ancestors were among the earliest pioneers in the Hole. I have photos of their ranch with the Teton mountains in the background.

Here's a question from a poor relation still wondering about a huge inheritance that will never come: Why did they sell out and leave before the property/ rents went so high? ( thanks to invading rich californios and eastern politicians). Answer: My ancestors moved on to enjoy the effects of real poverty in Utah. Such is my luck!

[DensaMensa]

Maybe your employer will send your paychecks to Wyoming. You actually "perform your services"
in the air over many states. Check with your accountant --- your mileage may vary. The tax savings
could be subtantial if you can structure this correctly.

[EverOnward]

Jackon Hole is my favorite place on earth.

Somewhere, someplace, there is a tape of William Jefferson Clinton saying those exact words to his intern....

heheheheh what a difference an "s" can make...

[suzyq5558]

congrats to you and yours on the escape. i left s.cal in 93 moved back to oregon where i was born and raised. only problem is this a very liberal state with high property taxes. and state taxes. the upside we are becoming more conservative each year that passes. and the country side around here is bueatiful. have fun in your new home!
suzyq

[ItisaReligionofPeace]

I think you responded to the wrong FReeper. I'm not a pilot. As far as minimizing ones tax burden, I'm not sure how pilots are treated, however, I do know that states like to get their hands on money any way possible, which is why pro atheletes have to pay state income taxes based on how many games they play in each state.

[Osage Orange]

Left in 1997...and have never regretted it. The only thing I miss is family. And they can visit us, any time they want. (vbg)

FRegards,

[DensaMensa]

Yes, your right. I'm thinking if he can perhaps be considered an independent contractor from Wyoming, working for a SLC based firm, but performing virtually all his service over other states, he may be able to avoid most oor all state income tax. Worth a few bucks for an hour of CPA time (one who has a national perspective) to find out.

[ItisaReligionofPeace]

I know a pilot who flies from Denver. I should ask him about it. Being considered an independent contractor means you have to pay your own social security taxes etc. It's not something you can just elect.

[DensaMensa]

Just gotta run the numbers and see how it comes out best. Guess our pilot friend is off flying somewhere.

[DensaMensa]

Probably in the moving process.