Taxes on Summer Camps

[8gv]

Originally Posted by MAXUM

We don't need a sales tax, we don't need more property taxes, what we need is people in the state and federal legislatures to take the money they already have to work with and use it wisely. Time and time again we hear of money being wasted, bailouts, and more and more entitlement programs riddled with fraud. Enough already! This is NOT what government was intended for!

Amen to that!

I'll add this:

The only way the taxpayers can keep government spending in check is by minimizing the amount of taxes collected.

Our political system rewards government expenditure. Whether it is jobs, pay and benefits for government employees, benefits for the "poor" or infrastruction projects, politicians are rewarded at the ballot box for delivering the goods.

I intend to move to NH in three years to escape the foolishness of CT's taxes and other quality of life issues. Please do me the favor of NOT turning NH into the same.

[NoRegrets]

Originally Posted by 8gv

Amen to that!

I'll add this:

The only way the taxpayers can keep government spending in check is by minimizing the amount of taxes collected.

Our political system rewards government expenditure. Whether it is jobs, pay and benefits for government employees, benefits for the "poor" or infrastruction projects, politicians are rewarded at the ballot box for delivering the goods.

I intend to move to NH in three years to escape the foolishness of CT's taxes and other quality of life issues. Please do me the favor of NOT turning NH into the same.

Hurry up and get up here! We need people that know the difference of politicians buying votes with our tax dollars and promise to take care of all our needs versus the American spirit of life!

[Diver Vince]

Some of the views expressed on this thread is starting to make me nervous (as a new NH property owner). One of the reasons I bought here was to escape the hi income AND property taxes in NJ. One thing you can take to the bank; as you increase or expand the tax base, the politicians will inevitably spend it or use the extra proceeds to shamelessly buy votes. In a view short years they will again be clamoring with more devious ways to expand the tax base for their "investments".

[Belmont Resident]

Originally Posted by Diver Vince

Some of the views expressed on this thread is starting to make me nervous (as a new NH property owner). One of the reasons I bought here was to escape the hi income AND property taxes in NJ. One thing you can take to the bank; as you increase or expand the tax base, the politicians will inevitably spend it or use the extra proceeds to shamelessly buy votes. In a view short years they will again be clamoring with more devious ways to expand the tax base for their "investments".

Way back when NH used to be an inexpensive state to live in.
Now it is right up there with other states and some who have relocated are realizing it cost more to live here then it did where they came from.
I know when my mom moved to Nashua from Mass. She said it was a lot more expensive between the increased car registration and property taxes then she paid in Mass.
NH doesn’t have a sales or income tax so it all comes from property taxes and car registrations. And the towns are raising there portion on auto registrations every year and we all know where property taxes are going.

[nightrider]

What does it cost to register a car or pickup truck in NH?

[SIKSUKR]

NH is right at the bottom of tax burden.

NUMERICAL STATE TAX BURDEN RANKING

(AS PERCENT OF INCOME)



State Rank As Percent of Income


Maine 1 13.5 %
New York 2 12.9
Ohio 3 12.0
Minnesota 4 11.9
Hawaii 5 11.7
Nebraska 6 11.6
Wisconsin 7 11.6
Rhode Island 8 11.5
Connecticut 9 11.3
Vermont 10 11.1
Louisiana 11 11.0
Indiana 12 11.0
Washington 13 10.9
Illinois 14 10.9
California 15 10.9
Michigan 16 10.8
New Jersey 17 10.8
Kansas 18 10.7
Maryland 19 10.7
Kentucky 20 10.7
West Virginia 21 10.6
Utah 22 10.5
North Caroline 23 10.5
Pennsylvania 24 10.4
Georgia 25 10.4
Iowa 26 10.4
Arkansas 27 10.3
Massachusetts 28 10.3
Mississippi 29 10.2
South Caroline 30 10.2
Idaho 31 10.2
Arizona 32 10.1
Wyoming 33 10.1
Missouri 34 9.9
Oregon 35 9.9
New Mexico 36 9.9
North Dakota 37 9.8
Colorado 38 9.8
Florida 39 9.7
Oklahoma 40 9.6
Virginia 41 9.5
Montana 42 9.5
Nevada 43 9.5
Texas 44 9.4
South Dakota 45 9.2
Tennessee 47 8.6
Delaware 48 8.4
New Hampshire 49 7.3
Alaska 50 6.6

District of Columbia 12.8
Highest numerical ranking equals highest state tax burden.

[jrc]

The confusing part is comparing car registrations cost between NH and Mass.

NH has a nominal fee every year to register your car, based on vehicle weight plus a usually higher tax every year, based on value of the car.

Mass has an annual nominal fee, an annual excise tax and a one-time sales tax. I think they now pay there registrations on a longer period than one year.

If you total the tax burden NH is much lower, but people often forget to include excise and sales tax in the Mass. side.

[MAXUM]

NH may show as having a very low tax burden, but that's a red herring. NH fee's the hell out of everyone and those are not necessarily counted as taxes. In my opinion they are taxes just with a more user friendly name.

[RLW]

Originally Posted by jrc

The confusing part is comparing car registrations cost between NH and Mass.

NH has a nominal fee every year to register your car, based on vehicle weight plus a usually higher tax every year, based on value of the car.

Mass has an annual nominal fee, an annual excise tax and a one-time sales tax. I think they now pay there registrations on a longer period than one year.
If you total the tax burden NH is much lower, but people often forget to include excise and sales tax in the Mass. side.

I found the registration to be higher in NH even when including the excise tax and breaking the sales tax down by the number of years I owned the truck at the time of registering it in NH. Just the plate here in NH was almost twice as much for one year to MA 2 year registration. Insurance is defiantly not cheaper if you get oranges for oranges. Like stated in the other thread NH really does fee the hell out of everything and those fee's are defiantly not going down now or any time soon and they sure mount up on a yearly basis.

[jrc]

Sorry I just don't believe your math, I just bought a $40000 car, my Mass sales tax would have been $2500. That covers at least four years of NH registrations. Now add excise tax every year in Mass, you never get to a cheaper total number in Mass.

[jrc]

BTW the dirty little secret on NH taxes, it's a bad place to retire. We have no income tax but we have an interest and dividends tax. What do you live on when you retire, interest on your savings and dividends from your investments.

[RailroadJoe]

Glad I'm in the poverty level and don't pay any taxes, except the meals tax.

[SIKSUKR]

Originally Posted by RailroadJoe

Glad I'm in the poverty level and don't pay any taxes, except the meals tax.

Wow, that's quite a view of the world. I guess you have zero income and no car or you would certainly pay tax on those. Do you live in a box? Even if you don't own real estate your paying taxes included in your rent so don't fool yourself. I'm not happy paying taxes but I'd rather be paying lots by earning big numbers.

[RLW]

Originally Posted by RailroadJoe

Glad I'm in the poverty level and don't pay any taxes, except the meals tax.

How true and it is just about the same as paying MA excise tax.

[NoRegrets]

Originally Posted by jrc

BTW the dirty little secret on NH taxes, it's a bad place to retire. We have no income tax but we have an interest and dividends tax. What do you live on when you retire, interest on your savings and dividends from your investments.

Mass has an unearned income tax of 12% that trumps the NH State tax on interest and dividends gained. I left "taxachusettes" 24 years ago and have NoRegrets!

[Lakegeezer]

There are several summer camps in Moultonborough and even with their discount on taxes, the overall property tax rate is quite low. It makes sense to keep it this way. If higher taxes drove camps to sell out to developers, and assuming a recovered economy, the increased housing density would raise costs to the town, possibly by a lot more than the tax relief the town is granting today. Also, camps add to the character of the town and leaves a lot of land seemingly unused during the off-seasons.

As for NH tax load, if I look at the 30+ income earning years where I haven't had to pay 5% or more of my income to the state, along with the taxes I've saved on major purchases, it has been a huge bargain. Also, as a tax haven, NH attracts highly productive people, which raises the quality of life for all. Imagine the impact of a brain drain over a decade or two if there was no NH tax advantage. The no-income tax pledge is still relevant as we enter this gubernatorial season.

The real challenge comes to those who retire here. Then, taxes are collected on a retirement portfolio's dividends and interest. Still, if the tax savings are invested during income producing years, it all sort of washes out in the end.

[neckdweller]

Originally Posted by Lakegeezer

The real challenge comes to those who retire here. Then, taxes are collected on a retirement portfolio's dividends and interest. Still, if the tax savings are invested during income producing years, it all sort of washes out in the end.

I'm not old enough to worry about this yet but does the state tax 401K distributions or just interest and dividends in non-retirement accounts?

[Slickcraft]

Originally Posted by neckdweller

I'm not old enough to worry about this yet but does the state tax 401K distributions or just interest and dividends in non-retirement accounts?

Retirement distributions are not taxed by the State of NH. Also income from NH Muni bonds is exempt.

[BlackCatIslander]

Virtually all of my income is unearned income and I do NOT pay 12 percent to the Commonwealth of Massachusetts.

Out of curiousity I looked at last year's tax returns and found that my state tax burden was less than 6 percent of taxable income. That includes state income tax, local real estate tax, excise tax for two vehicles, and an estimate for sales taxes. Obviously, those numbers vary widely from household to household.

[NoRegrets]

Originally Posted by BlackCatIslander

Virtually all of my income is unearned income and I do NOT pay 12 percent to the Commonwealth of Massachusetts.

Out of curiousity I looked at last year's tax returns and found that my state tax burden was less than 6 percent of taxable income. That includes state income tax, local real estate tax, excise tax for two vehicles, and an estimate for sales taxes. Obviously, those numbers vary widely from household to household.

When I left the state it was 12 %. It looks like it is now down to 5.3%. Thanks for the correction. It is interesting how that number was burned into my brain!