projects:move_along:planning:state_comparison
Table of Contents
State Comparison
Tax and business environment comparison for potential relocation states.
Assumes:
- Married household
- ~$110,000 income
- Software + consulting business
Estimated State Income Taxes
| State | Estimated Annual Tax | Difference vs NY |
|---|---|---|
| New York | $5,800–$6,800 | Baseline |
| Florida | $0 | Save ~$6,000 |
| Tennessee | $0 | Save ~$6,000 |
| Georgia | $5,500–$6,000 | Similar to NY |
| South Carolina | $6,500–$7,200 | Slightly higher |
| North Carolina | $4,800–$5,200 | Save ~$1,500 |
Key Differences
| State | Income Tax | Cost of Living | Notes |
|---|---|---|---|
| Florida | None | Moderate | Large small-business ecosystem |
| Tennessee | None | Low–Moderate | Lower housing, growing tech scene |
| North Carolina | 4.5% flat | Moderate | Strong tech economy |
| Georgia | ~5.5% flat | Moderate | Major economic hub (Atlanta) |
| South Carolina | Up to ~6.5% | Low | Slower pace, coastal appeal |
Recommended Ranking
Best for tax savings:
- Florida
- Tennessee
Best balance of opportunity and taxes:
- North Carolina
Secondary options:
- Georgia
- South Carolina
projects/move_along/planning/state_comparison.txt · Last modified: by freedomotter