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Owning in retirement



 
 
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  #1  
Old April 23rd 08, 06:24 PM posted to rec.aviation.owning
Newps
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Posts: 1,886
Default Owning in retirement

States that have no income tax are usually fiercely anti income tax. FL
will never change as the retirees are their golden goose, my folks live
there in the winter. Most retirees are not residents of Florida
anyways, they are snowbirds who keep their legal residency somewhere else.






Robert M. Gary wrote:
On Apr 23, 9:27 am, Newps wrote:
Robert M. Gary wrote:
*Your not paying state income tax*???? Christ, I just paid the state
of California over $30,000 in income tax.

How can you not know this? There are a handful of states that do not
have state income tax. WA, WY, TX, SD, FL, AL and NV. NH and TN only
tax dividend income. California has some nice scenery but people that
actually live there have lost their ever lovin' minds.


I wonder if that will stay the same. WA is becoming so liberal I can't
imagine them not wanting more gov't money. I remember about 10 years
ago FL talking about an income tax (so they could tax those rich
*******s moving down from NY).

-Robert

  #2  
Old April 23rd 08, 08:59 PM posted to rec.aviation.owning
Bob Fry
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Posts: 369
Default Owning in retirement

"N" == Newps writes:

N Robert M. Gary wrote:
*Your not paying state income tax*???? Christ, I just paid the
state of California over $30,000 in income tax.



N How can you not know this? There are a handful of states that
N do not have state income tax. WA, WY, TX, SD, FL, AL and NV.
N NH and TN only tax dividend income. California has some nice
N scenery but people that actually live there have lost their
N ever lovin' minds.

The fox and the grapes (sour grapes)

A hungry fox passed below a fine bunch of grapes hanging high from a
vine. After trying in vain to jump and reach them he gave up, saying
to himself as he walked off, "the grapes looked ripe, but I see now
they are quite sour."
--
Democracy used to be a good thing, but now it has gotten into the
wrong hands.
~ Jessie Helms
  #3  
Old April 24th 08, 12:36 AM posted to rec.aviation.owning
CareBear
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Posts: 59
Default Owning in retirement

Sorry but AL does have state income tax.

--
CareBear

"Newps" wrote in message
. ..
Robert M. Gary wrote:

*Your not paying state income tax*???? Christ, I just paid the state
of California over $30,000 in income tax.



How can you not know this? There are a handful of states that do not have
state income tax. WA, WY, TX, SD, FL, AL and NV. NH and TN only tax
dividend income. California has some nice scenery but people that
actually live there have lost their ever lovin' minds.



  #4  
Old April 25th 08, 02:18 AM posted to rec.aviation.owning
Mike Murdock
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Posts: 21
Default Owning in retirement

"Newps" wrote in message
. ..
Robert M. Gary wrote:

*Your not paying state income tax*???? Christ, I just paid the state
of California over $30,000 in income tax.



How can you not know this? There are a handful of states that do not have
state income tax. WA, WY, TX, SD, FL, AL and NV. NH and TN only tax
dividend income. California has some nice scenery but people that
actually live there have lost their ever lovin' minds.


As a resident of Alabama, I'm pleasantly surprised to hear that we have no
state income tax. I'm going to be applying to the Alabama Dept. of Revenue
to get a refund for the several hundred thousand dollars in state income
taxes that I've paid over the past few years. I'll be sure to mention that
I heard about it here

-Mike

P.S. I'm also firing my accountants, since they are obviously not as smart
as some guy on Usenet.

  #5  
Old April 24th 08, 02:13 AM posted to rec.aviation.owning
Alan[_6_]
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Posts: 163
Default Owning in retirement

In article "Robert M. Gary" writes:
On Apr 22, 7:24=A0am, Orval Fairbairn
wrote:
In article ,


I always made the max contributions to my 401(K) plan, retired early,
sold my 3-BR 2.5 bath townhome in CA, bought a 3 BR, 3 BA hangar homw,
with pool in FL. The 401(K), plus pension, plus Social Security, less
the state income tax and Social Security tax, enables me to do it.


*Your not paying state income tax*???? Christ, I just paid the state
of California over $30,000 in income tax. Man, I need to get some of
that FL myself. I'm paying $600/month in property taxes for my house
and I can't even write it off (AMT). I just bought a used boat and had
to pay almost $2000 in use tax. I think I'm getting the short end.



You are making about $346,200 and think you are getting the short end?

How rough it is.


Alan
  #6  
Old April 24th 08, 06:20 AM posted to rec.aviation.owning
Robert M. Gary
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Posts: 2,767
Default Owning in retirement

On Apr 23, 6:13*pm, (Alan) wrote:

* You are making about $346,200 and think you are getting the short end?

* How rough it is.


I earned it, the gov't didn't.

-Robert
  #7  
Old April 24th 08, 03:25 PM posted to rec.aviation.owning
Mike Noel
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Posts: 206
Default Owning in retirement

The minimum that we all can do is develop a group of non-owning friends
willing to fly with us and share the direct expenses. It makes gas prices
less painful and helps promote GA.

--
Best Regards,
Mike

http://photoshow.comcast.net/mikenoel


"Robert M. Gary" wrote in message
...
On Apr 23, 6:13 pm, (Alan) wrote:

You are making about $346,200 and think you are getting the short end?

How rough it is.


I earned it, the gov't didn't.

-Robert


  #9  
Old April 24th 08, 07:38 PM posted to rec.aviation.owning
Robert M. Gary
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Posts: 2,767
Default Owning in retirement

On Apr 24, 5:13*am, Clark wrote:

I earned it, the gov't didn't.


How much would you have earned if the government didn't exist or hadn't
provided for infrastructure?


Following your reasoning they should just take 100%. What would limit
the amount of your income that the gov't is owed if you argue that no
one would earn any money if it were not for our gov't infrastructure.

-Robert
 




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