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New Hampshire info

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  • Olehenry1@yahoo.com
    Hey gang, I took some time this morning to look up residential tax rates in New Hampshire and Arizona. Feast your eyes on this! NH: Resident tax : $10/year
    Message 1 of 2 , Jul 30, 2004
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      Hey gang,

      I took some time this morning to look up residential tax rates in
      New Hampshire and Arizona. Feast your eyes on this!

      NH:
      "Resident tax": $10/year
      "Education": 1/2% (see "property tax" below)
      "Sales Tax": none (others with none: Alaska, Delaware, Montana,
      Oregon, and Colorado with 2.9%)
      "Income Tax": 5% on any interest or dividends
      4% on all income made in all other states
      "Property Tax": depends on city, anywhere between 1 and 4.4% of
      total property value PLUS a 1/2% for education
      "Open space" Tax: 10% (any prive property so deemed by public)

      AZ:
      "Sales Tax": 5.6%+city tax(goes up depending on city from 6.3-10%)
      "Income Tax": from 2.87% to 5.04% on all income
      "Property Tax": depends on city; state base rate: 4.07%, add county
      rate usually under 1.5%, then add city rate. Scottsdale for
      example, is at 9.68%.

      If Joe Blow made as an employee $150,000 in either state, $25,000 of
      that from interest and dividends, and spent 40% of income on retail
      stuff w/in Joe's own state, and owned $200,000 worth of property in
      the state, here's the comparison of STATE taxes, (not including fed)

      Total collected by state of NH: $1250, $9800, $10 = $11,060
      About 7.3% of Joe's income went to the state of NH.
      Total collected by state of AZ: $7500, $19200, $4500 = $31,200
      About 21% of Joe's income went to the state of AZ.

      If Joel Blowl made as an employee $20,000 in either state, $600 of
      that from interest and dividends, and spent 40% of income on retail
      stuff w/in Joel's state, and owned no property in the state, here's
      the comparison of STATE taxes, (not including fed)

      Total collected by state of NH: $30, $10 = $40
      About 2/10's of 1 percent of Joel's income went to the state of NH.
      Total collected by state of AZ: $540, $776 = $1316
      About 6.6% of Joel's income went to the state of AZ.

      Would a rich person rather be taxed in Arizona or New Hampshire?!!

      Pretty amazing stuff! As long as the rich stay in Arizona, the
      relatively poor do have access to millions of dollars worth of
      services. In New Hampshire, these services do not exist. Depends
      on what culture you like to live in...free stuff or earned stuff.

      I'd say based on this comparison, New Hampshire is certainly
      relatively tax free! Woooowhoooo!!

      Jack-
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