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Jeff Bezos keeps selling Amazon stock after announcing his move out of Washington state
(www.geekwire.com)
this post was submitted on 08 Jul 2024
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Again, you're saying you're going to save $1K a month in income taxes, but that doesn't account for the 6% sales tax you're going to be paying on everything you buy, or the higher property taxes.
The cost of living in FL is going to vary dramatically depending on where you go, there are many areas that are even more expensive than anywhere in Oregon. Also, you're going to struggle to find homeowners insurance and will be at high risk of catastrophic weather, which costs money to repair/replace your home and vehicle. And honestly the culture is awful in many of the parts of FL I've been to
Income taxes is just one part of the equation.
The property taxes are lower in Florida. I can get more home for a cheaper price but the actual tax rate is lower as well.
When I go to eat out, it’s much cheaper in Florida than it is in Oregon.
My family has been in Florida for six months. They love it and we can easily compare the cost since I’m still in Oregon.
Overall we estimate it’ll save us around 50k a year in taxes and cheaper living.
There is a reason Florida, Texas, are growing at such rampant rates.
I prefer the Oregon climate but I’m tired of the excessive taxation and cost of living
The real estate is cheaper in many parts of Florida because the demand to live there is much lower than whichever part of Oregon you're coming from. The desirable parts of Florida are much more expensive. Anyway, enjoy the sunshine and hurricanes.