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State of IL recently raised state income tax from 3.75% to 4.95%. 1.2% increase.
State of FL has 0% state income tax.
I'm going to take IL L&H test in August. Going to sell supplements to senior market
I have family in Indianapolis & Ft. Myers. If I decided to move, I would most likely relocate/change residency to FL.
I like my inexpensive IL house & rent out rooms so pretty cheap housing expenses & low property taxes. & my two 50 lb dogs like it here too. But, my parents have an empty room in FL. illegal, but would like to change my residency to FL & just have mail delivered to FL. I already spend about 6 weeks a year in FL. I do make a little W-2 income that I want/need right now that probably requires IL residency. But, it would not require very much insurance money to replace W-2 income.
Where would be easiest place to sell to senior market anywhere in US?
$2,500 state tax on $50,000.
I'm not really ready to do anything tomorrow, but possibly December 31st or January 1st. & after finding out if I can make money selling insurance. But if good reason to start building insurance business in FL vs. IL.
Pretty vague question. & I do like to do a little paralysis analysis......But also would like to be prepared if I decide to relocate.
Appreciate constructive input.
State of FL has 0% state income tax.
I'm going to take IL L&H test in August. Going to sell supplements to senior market
I have family in Indianapolis & Ft. Myers. If I decided to move, I would most likely relocate/change residency to FL.
I like my inexpensive IL house & rent out rooms so pretty cheap housing expenses & low property taxes. & my two 50 lb dogs like it here too. But, my parents have an empty room in FL. illegal, but would like to change my residency to FL & just have mail delivered to FL. I already spend about 6 weeks a year in FL. I do make a little W-2 income that I want/need right now that probably requires IL residency. But, it would not require very much insurance money to replace W-2 income.
Where would be easiest place to sell to senior market anywhere in US?
$2,500 state tax on $50,000.
I'm not really ready to do anything tomorrow, but possibly December 31st or January 1st. & after finding out if I can make money selling insurance. But if good reason to start building insurance business in FL vs. IL.
Pretty vague question. & I do like to do a little paralysis analysis......But also would like to be prepared if I decide to relocate.
Appreciate constructive input.