Soon 2B full timers [Archive] - RV Forums

whodo

02-12-2012, 12:49 PM

Below is a copy of a post that I posted here on MyRvParks in 2009, the info is alittle dated but should provide you with a base of info to work from...

I hope this info below will help answer your questions....

Quote:
Here are a few things to consider when choosing a state for residence as a full time Rv’er.

Many people make that choice based only on SALES TAX and INCOME TAX and then regret having failed to consider other very important things.

Some other things to consider are, motor vehicle registration cost, inspections (smog, safety, etc. if required) how it is handled when traveling, insurance rates for vehicle as well as Health insurance, life insurance, personal property tax, estate tax/laws and wills, inheritance tax, drivers license (Continuous Traveler drivers license like Oregon), real property tax, stocks/bonds taxes, jury duty (does the state offer a waiver, when you notify courts that you travel full time?) are vehicle registration fees the same in all counties of the state, does the state charge a sales tax on the vehicle when registering it from another state (like Wa.), and this is just a few of the many things to consider.

The three states that are most popular for full timers are Florida, South Dakota and Texas. A few of the reasons is that none of these states have an income tax. They are very easy to qualify for residence. None of them require any physical time in the state, while many other states do.
Florida is popular, partly because they are home to Good Sam mail service, located in Pensacola.

South Dakota is the lowest of the three for sales tax and very easy to set up a mail forwarding system address. (Some counties in SD have a wheel tax, {added fee to veh. reg. per wheel on vehicle} check before selecting a mail fwd. service.)

Texas is popular partly because they are home to Escapees RV Club and there support service. Please remember that Texas sales tax varies by location determined by what you buy, example cars, Rv’s, golf carts, etc.

Go to this web site for a list of state income tax rates. http://www.taxadmin.org/fta/rate/ind_inc.html you will find that Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, all have no income tax, an New Hampshire, & Tennessee, are limited to dividend income tax only.
Montana is very easy to set up and use a Montana LLC to own/register the RV there and thus avoid all sales tax since Montana has none, but one must weigh the cost of the LLC (yearly cost) and setup cost versus what you save on sales tax.

I strongly suggest that everyone give a lot more thought to what state you will use as your legal residence when you go fulltime and not just the issue of income tax and sales tax. Look at all the aspects that will affect you, not just the obvious.

For more information on State by State income taxes go to this site http://www.ncsl.org/programs/fiscal/pitaxret06.htm

For more information on State by State insurance rates go to this site
http://www.iii.org/media/facts/statsbyissue/auto/

And for those who really want to do there home work, check out these web sites as well;
http://www.myprimeyears.com/rv/yeaw_homebase1.htm
http://www.retirementliving.com/RLtaxes.html
http://money.cnn.com/pf/features/lis...esbystate2005/
http://money.cnn.com/2005/04/08/real...ndly/index.htm
http://www.taxadmin.org/fta/rate/ind_inc.html
http://www.taxfoundation.org/files/7...87f17fbba5.pdf
http://www.taxfoundation.org/files/c...bb6bf5ceaf.pdf
http://www.homefair.com/homefair/rea...&art=ataxes#22
http://www.bankrate.com/brm/itax/sta...e_tax_home.asp
http://www.taxadmin.org/fta/rate/

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