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Economics

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Latest Posts

Economics
By
Doreen Pottios
on
February 22, 2020

Being an investment property owner can be a lucrative way to bring in extra income, or even lead to a full-time job, but the key is to know where and when to invest. The South may offer the best chances of highest returns for investors this year, according to a new analysis from IPX1031, an exchange transaction firm. Texas, Tennessee, and Florida had the highest number of cities on its list.

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Economics
By
Doreen Pottios
on
February 12, 2020

Taxes. At 13.3%, California has the highest income tax rate in the country. To provide even more heartache, with the passage of the Tax Cuts and Jobs Act in 2017, state and local tax deductions are limited to $10,000 on the federal tax return. For many California residents, or for that matter, residents of any state with a higher income tax, the dream of moving to a lower tax state (or even a state with no income tax!) is real.

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Economics
By
Doreen Pottios
on
January 29, 2020

California's Assembly Bill 5, a piece of legislation that drastically limits freelancers and gig workers, is causing Californians to consider moving to other states now that the law has been in effect for nearly a month.

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Economics
By
Doreen Pottios
on
January 25, 2020

After new tax law made it costlier to own a house in many high-price areas, some residents are pulling up stakes. The federal tax overhaul that Congress passed in late 2017 has made it costlier to own a house in many high-price, high-tax areas, reshaping the economics of homeownership in those slices of the U.S.

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Economics
By
Doreen Pottios
on
December 20, 2019

Millennial investors residing in California are packing their bags for friendlier tax climes. Half of the young clients who are planning to leave California are fleeing to locales with lower taxes, according to the data. More than 1 in 3 millennials who are moving from the Golden State are heading to states with no income tax. More than 86,000 of these individuals wound up settling in Texas, making it the top landing place for people departing California, the Census found.

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Economics
By
Doreen Pottios
on
December 10, 2019

When retirement is on the horizon and you have very little money saved, it's time for drastic action. You can't live comfortably on Social Security alone, and the last thing you want is to retire and then run out of money. But there are steps you can take to live on much less and make retirement possible. Here are three things you can do to maximize your savings and they all involve. 1. Downsize - 2. Move to a walkable area and get rid of a car - 3. Reduce your tax bill by choosing a tax-friendly state

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Economics
By
Doreen Pottios
on
October 8, 2019

If you're going to depend on your monthly checks to pay the bills, it's crucial to understand how taxes will affect you. Based on where you live, you may be subject to taxes on your benefits at both the state and the federal levels. Not all states tax Social Security, though, so you may be able to keep more of your benefits if you retire in one of these places.

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Economics
By
Doreen Pottios
on
June 30, 2019

The Tax Foundation analyzed patterns revealed in the National Movers Study. Americans continued to migrate from states with more burdensome tax systems to ones with lower taxes in 2018, notes an analysis by the Tax Foundation.

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