Thread: Switching states for tax purposes
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Old 06-16-2011 | 10:47 AM
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From: Burning the Agitprop of the Apparat
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Originally Posted by Mitragorz
I'm looking to do the same thing. I've been eyeing a job in CA, and the money I'd save by having a NV residency would be over $12,000/yr. Doing some research, that's more money than I'd SPEND on the mortgage of a decent house in NV. Better to buy while the market's down, anyway!

I figure a mortgage is good enough to prove residency. And if I can turn it into a rental and make a few extra bucks to offset to mortgage...
I happen to know quite a few people who have payed for their house with tax savings made from moving to a tax friendly state. It really isn't small change we are talking about.
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