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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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The map I shared is the total average state and local tax burden by state, accounting for all forms of taxes. My point is the total tax burdens in Florida and Texas are only marginally lower than Oregon, so if you move to Florida, you're going to discover you really aren't going to save much money in the end, because you're not Jeff Bezos liquidating $50 million in stock on a whim
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
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.