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04-26-2016, 04:37 AM
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#41
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Senior Member
Trailer: Trillium 2010
Posts: 5,185
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Quote:
Originally Posted by honda03842
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Obviously you get no sales tax credit because there is no sales tax in NH.
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NH charges a yearly registration permit fee which is based on a percentage of the value of the vehicle. Just like a sale tax except you pay it in installments. If a person moves from MA to VT, DMV deducts the MA sales tax from the tax bill but because NH calls it a fee the newcomer gets nailed a second time. Taxes, fees, surcharges, licenses, registrations are names for the same thing.
Quote:
Originally Posted by cpaharley2008
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Salem NH not MA. No witches
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04-26-2016, 04:49 AM
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#42
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Senior Member
Name: Carl
Trailer: 2015 Escape 5.0TA
Florida
Posts: 1,694
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Quote:
Originally Posted by honda03842
Obviously you get no sales tax credit because there is no sales tax in NH. NH has a thriving business selling to all the border states. Buying anything significant provides a significant savings when bought in NH.
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But NH supplements its "no sales/no income tax" situation with all sorts of hidden fees and like other states in the northeast, a hefty property tax, which I understands is now inflated if your property has any kind of a "view." Lower property tax if you can see a landfill or a wastewater plant than a mountain or a river. I moved from NH 30 years ago, but that is what friends and relatives still living there tell me.
Sent from my iPhone using Fiberglass RV
__________________
What a long strange trip it’s been!
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04-26-2016, 05:29 AM
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#43
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Senior Member
Name: Norm and Ginny
Trailer: Scamp 16
Florida
Posts: 7,517
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Quote:
Originally Posted by CPW
But NH supplements its "no sales/no income tax" situation with all sorts of hidden fees and like other states in the northeast, a hefty property tax, which I understands is now inflated if your property has any kind of a "view." Lower property tax if you can see a landfill or a wastewater plant than a mountain or a river. I moved from NH 30 years ago, but that is what friends and relatives still living there tell me.
Sent from my iPhone using Fiberglass RV
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People that live in NH pay about half the yearly tax bill of neighboring states including fees. It's not to encourage people to move there but NH has a growing population, unusual in New England, in part because of it's tax situation.
Another benefit is that NH historically has had the lowest unemployment and highest SAT scores in New England. typically only Utah has higher scores.
I close with we no longer live in NH but do appreciate there different approach to state government.
__________________
Norm and Ginny
2014 Honda Odyssey
1991 Scamp 16
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04-26-2016, 10:32 AM
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#44
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Senior Member
Name: Carl
Trailer: 2015 Escape 5.0TA
Florida
Posts: 1,694
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Quote:
Originally Posted by honda03842
People that live in NH pay about half the yearly tax bill of neighboring states including fees.
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Norm, I have friends in Hooksett, NH, who have a home appraised at $450K. Their property tax bill is in excess of $8,000/year. I was told by a cousin that they are now trying to make people pay to register a canoe or a rowboat. I haven't confirmed that but I can state I think the property tax rate in many localities is absolutely ridiculous. And the tax on stock gains if the company issuing the stock is not based in NH us really an income tax, but the state claims it has neither a sales or income tax. All in all, there are places where the cost of living is lower.
Sent from my iPhone using Fiberglass RV
__________________
What a long strange trip it’s been!
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04-27-2016, 02:52 AM
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#45
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Senior Member
Trailer: Trillium 2010
Posts: 5,185
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Quote:
Originally Posted by honda03842
People that live in NH pay about half the yearly tax bill of neighboring states including fees.
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Gosh Norm, that's just silly. NH has a county based government which is certainly more efficient than VTs town based structure. But more central locations mean bigger bureaucracy, longer wait times, larger schools, and greater travel times. Schools cost money, teachers in NH don't work for free. The roads and bridges cost the same to repair. The fairies don't fill the pot holes over night. Government has to find the money to pay for it all. In NH they just find it in different places.
I looked at moving. What I found was that in my case the much higher property taxes offset any savings in not paying income tax. The high registration fees for vehicles is no different than Vermont's purchase and use tax. And most of the stuff we buy is food which isn't taxed in either state. It was a wash. Everyone's tax situation is different. But I doubt many would see a savings by moving to NH especially if you include the costs; the moving expenses, the fees and taxes associated with buying a new home.
In general New England is expensive. Housing is expensive, taxes are high, and we all have the high cost of winter. We've travelled to some pretty nice places but we have yet to find somewhere we'd rather live. Raz
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05-03-2016, 03:56 PM
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#46
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Senior Member
Trailer: 2004 13 ft Scamp Custom Deluxe
Posts: 8,520
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Quote:
Originally Posted by Raz
The fairies don't fill the pot holes over night.
. Raz
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NH would be the last place you would expect such discrimination!
Heck, they could fly in from Colorado where they could buy 8000 pounds of the stuff per year each without penalty!
I know,I know..." Gosh Floyd, That's just silly!
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05-07-2016, 07:53 AM
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#47
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Senior Member
Name: Norm and Ginny
Trailer: Scamp 16
Florida
Posts: 7,517
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Taxes per person by state
Quote:
Originally Posted by Raz
Gosh Norm, that's just silly. NH has a county based government which is certainly more efficient than VTs town based structure. But more central locations mean bigger bureaucracy, longer wait times, larger schools, and greater travel times. Schools cost money, teachers in NH don't work for free. The roads and bridges cost the same to repair. The fairies don't fill the pot holes over night. Government has to find the money to pay for it all. In NH they just find it in different places.
I looked at moving. What I found was that in my case the much higher property taxes offset any savings in not paying income tax. The high registration fees for vehicles is no different than Vermont's purchase and use tax. And most of the stuff we buy is food which isn't taxed in either state. It was a wash. Everyone's tax situation is different. But I doubt many would see a savings by moving to NH especially if you include the costs; the moving expenses, the fees and taxes associated with buying a new home.
In general New England is expensive. Housing is expensive, taxes are high, and we all have the high cost of winter. We've travelled to some pretty nice places but we have yet to find somewhere we'd rather live. Raz
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It's not the whole story but part of the story.
Note total taxes per person. NH ranks 49th in the USA. the neighboring states of VT, ME, rank 12th, 2nd,
http://blog.prepscholar.com/average-...te-most-recent
Note SAT scores, NH has the highest SAT scores.
http://blog.prepscholar.com/average-...te-most-recent
Also NH has the second lowest unemployment rate in the nation..
NH is the only state in the Northeast without an inheritance tax or an estate tax.
There is some message in these numbers.
__________________
Norm and Ginny
2014 Honda Odyssey
1991 Scamp 16
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