s10sakota
Well Known Member
Here?s the deal: I?m being taxed to death in Michigan.
I?m a pilot at Spirit Airlines and I?m thinking about moving to TX and would prefer to build or buy a hangar home at Hicks Airfield.
Between MI income tax, property tax, and ridiculous car insurance, It?s costing my over $20,000/yr to live there.
Spirit has a pilot domicile in Dallas and the no-income tax status in Texas is attractive as I can save over 12k/yr. I do know that property taxes are higher in TX but I?m already paying $7,000/yr for property taxes on my hangar home in MI.
I?ve always read that it doesn?t really matter if you move to a no income tax state as the gov?t will still find a way to steal your money.
I still think it would be less expensive to live in TX and not pay income tax, but does anyone have any real data about the costs?
Has anyone moved to TX from another state and realized a tax savings?
People tell me there?s other costs in TX like yearly car inspections, and school tax, etc...
What else? Sales tax may be higher, but for as little as I spend money I?m not overly concerned about that.
On April 1st, 2020 I?ll make the last payment on my house and then I?m serious about moving to TX if it makes sense to do so.
I just thought I?d see if I can get some good information from other aviation people as part of my research.
Thank you to anyone who can provide me some good data!
Happy flying...
I?m a pilot at Spirit Airlines and I?m thinking about moving to TX and would prefer to build or buy a hangar home at Hicks Airfield.
Between MI income tax, property tax, and ridiculous car insurance, It?s costing my over $20,000/yr to live there.
Spirit has a pilot domicile in Dallas and the no-income tax status in Texas is attractive as I can save over 12k/yr. I do know that property taxes are higher in TX but I?m already paying $7,000/yr for property taxes on my hangar home in MI.
I?ve always read that it doesn?t really matter if you move to a no income tax state as the gov?t will still find a way to steal your money.
I still think it would be less expensive to live in TX and not pay income tax, but does anyone have any real data about the costs?
Has anyone moved to TX from another state and realized a tax savings?
People tell me there?s other costs in TX like yearly car inspections, and school tax, etc...
What else? Sales tax may be higher, but for as little as I spend money I?m not overly concerned about that.
On April 1st, 2020 I?ll make the last payment on my house and then I?m serious about moving to TX if it makes sense to do so.
I just thought I?d see if I can get some good information from other aviation people as part of my research.
Thank you to anyone who can provide me some good data!
Happy flying...