Taxes - Residence - Registration - SailNet Community
 
LinkBack Thread Tools
post #1 of 5 Old 01-13-2004 Thread Starter
Member
 
Join Date: Jun 2003
Posts: 39
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Taxes - Residence - Registration

Now retired - modest income - van being converted for travel & camping - used sailboat to be purchased when a suitable example of a particular model is found - intend to travel and sail interesting places until it''s no longer fun or we want to do something else.

We currently live in WA - no state income tax, but a sales tax (7.7-8.1% or there abouts). Cross the boarder and OR has no sales tax, but does have a rather regressive income tax.

Is/are there states that have niether a sales nor an income tax?

If not, which states have the most ''advantageous'' combination?

With no property or ties, and going mobile, I''m assuming we can choose any state as our residence - set up to handle mail and get drivers licenses. We would then register the van and boat in that new state. We aren''t trying to cheat the system, just make it work for us and not spend more than we have to.
winslow59 is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 5 Old 01-13-2004
Senior Member
 
Join Date: Jul 2002
Posts: 1,120
Thanks: 0
Thanked 4 Times in 4 Posts
Rep Power: 14
 
Taxes - Residence - Registration

Goner, a couple of thoughts for you:

Re: location, many folks in your circumstances now look to the eastern Gulf Coast for the best blend of low or no income tax, low(er) sales tax, and low cost of living. So that would suggest MS, AL and FL. "LA" (Lower Alabama) is one popular area that some feel has not yet been discovered, and SW FL is another popular destination. Don''t overlook related taxes as e.g. if you have savings outside 401K or IRA accounts, you may be eligible for an annual ''investment'' tax above certain investment amounts. Your own preferences, annual income and your planned expenditures will determine what the best balance of taxes will be for you...but I think the reality of your choice will be dependent in large measure by quality of life issues, as well. After all, you''re now at a point in your life where ''the point'' is to enjoy yourself. Being somewhere that''s unappealing but cheap doesn''t seem to fit that notion well.

Re: residence, don''t lose sight of the fact that it''s very easy to become residents in a new state; you''ll always be welcomed in because you represent a new tax base. The key is to be fully unplugged from residence in the old state, who will be reluctant to lose you. Were I you, I''d call your local WA county tax authority and describe your plans to them in order to confirm that you are changing all the things you need to. The basics will be where you are registered to vote, where your property is licensed, registered and/or taxed, and the new state''s law will inevitably require you to have a new driver''s license.

Jack
WHOOSH is offline  
Quote Quick Reply Share with Facebook
post #3 of 5 Old 01-14-2004
Senior Member
 
Join Date: Sep 2001
Posts: 138
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 14
 
Taxes - Residence - Registration

One more thing to consider. If you plan on using your boat in Washington Water, Say the Puget sound, for more that 60 days in any year. If you are an out of stator, then Washington will hit you with what they call a users fee. It is around 9 % of what they say your boat is worth. This gits real expensive.
obiec is offline  
Quote Quick Reply Share with Facebook
post #4 of 5 Old 01-14-2004 Thread Starter
Member
 
Join Date: Jun 2003
Posts: 39
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Taxes - Residence - Registration

Thanks for taking time to offer ideas and information.

There''s a lot to consider when making such a big shift in life...

Our immediate concern is the sales taxes that will be assessed on the van (when the conversion is complete) and the boat & trailer. We''ve budgeted ~US$65K for those three things and the tax in WA on that amount would be at least 25% of our annual living budget - an awfully big bite just when we''re trying to transition to a new way of living.
winslow59 is offline  
Quote Quick Reply Share with Facebook
post #5 of 5 Old 01-14-2004
Senior Member
 
Join Date: Dec 2000
Posts: 654
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 15
 
Taxes - Residence - Registration

There are no taxes on boats in RI and I believe there is neither sales nor income tax in NH.
hamiam is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
boat purchase, taxes, residence -- help for NW sailer? winslow59 Boat Review and Purchase Forum 15 01-14-2007 10:20 PM
Registration N ightmare in Florida/Georgia HeartofGold Boat Review and Purchase Forum 11 08-02-2004 05:26 AM
boat registration c172guy Cruising & Liveaboard Forum 1 05-14-2003 11:31 AM
Boats and Taxes Sharlyn Boat Review and Purchase Forum 2 05-03-2002 11:04 AM
Taxes and registration costs CaptainTrix Boat Review and Purchase Forum 2 11-09-2000 11:09 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome