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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: richinmd   😊 😞
Number: of 1355 
Subject: Taxes and Retirement
Date: 02/28/26 6:05 PM
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This year I did my own taxes since I had no issues with needing to file taxes in multiple states, rental property, etc.

After doing the Federal and Arizona state taxes on FreeTaxUSA I wanted to compare my AZ taxes to some other places. I lived a good chunk of my life in Maryland which I knew had higher taxes, although lower sales tax. My rough estimate is for my income in 2025 my roughly $2,500 income tax in AZ, it would have been over $10,000 in Maryland. I looked around and PA would have been lower since they don't tax most pensions, social security (not collecting, yet), IRA withdrawals.

I was looking at New Hampshire which has no income/sales taxes but the property tax is high and basically would been in the $6-10K range.

PA does have an inheritance tax and depending which district you live in, the school tax can be high.

If I were to move elsewhere (the summers here are getting to me), it would likely be PA.

Obviously there are more important things than state taxes but it can definitely cause you to think twice. For me, I don't think I would want to pay an extra $1K a month to live back in Maryland despite having a lot of friends and a few family members back there.

Rich
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This community has written 1,284 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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