Source:
http://www.concordmonitor.com/news/4554367-95/statebudget-incometax-newhampshireadvantage
Quote from article:
Then there are the 87,000 New Hampshire residents, about 13 percent of New Hampshire's workforce, who work in Massachusetts. This brings an interesting twist to the 'New Hampshire Advantage': These 87,000 New Hampshire residents pay about $235 million in income tax to Massachusetts each year!
In addition, 11,000 New Hampshire residents work in Maine, paying $16 million in income taxes to Maine. And 8,500 New Hampshire residents work in Vermont and pay about $6 million in income taxes to that state. And New Hampshire gets none of this $257 million per year from 19 percent of its own workforce! The reason: New Hampshire has no income tax and therefore no right of reciprocity.
Thanks for the correction. Yeah, it's about 13% of the NH workforce works in MA. I was thinking of 2008 info that said almost 25% of NH residents were from MA. Since movers from MA dramatically slowed down after the great recession started, maybe that's as low as 21% or so now. I don't know for sure.
It is true that NH is smaller than the average state and that southern NH has the best interstates in the US. Because of that (and there are decent highways in VT/MA/ME connecting to NH) that lots of people tend to live in 1 New England state, shop for many things in another, work in another, send their kids to college in another, vacation in another and so on. So yeah, NH folks are dependent on Boston for having near the highest paying jobs in the US and being a major source of entertainment (musicals, pro-sports, concerts) and MA folks are dependent on NH have no taxes on most alcohol, no taxes on cigars, low gas taxes, no bottle deposits, to buy fireworks, to buy swords, the ski, for the lakes, to hike and so on. It is a great relationship and allows NH to have the lowest taxes in the lower 48 and people in NH to have the highest quality of life in the US. It's part of the reason NH is ranked the best place to raise kids.
NH will eventually have an income tax, the business owners will fight it (as it will raise their costs), but the Mass-holes will push it through. All of this, given the circumstances, is somewhat reasonable as 25% are already paying it and they are getting raped on their property taxes to compensate for the state's spending.
Actually, as far as I know, NH is the only state where even Democrats are opposed to an income tax. In fact, the Democrats that win the Democratic primary for governor usually win because they are opposed to a state income tax and a general sales tax. Opposing those 2 taxes are the 2 most important issues in the Democratic primary. So, obviously, NH isn't going to get an income tax with Democrats, Undeclareds and Republicans opposing it, especially when a bunch of free staters are moving to NH. You know this, yet you misinform, which is disappointing.
They tax property at massive rates, the state very much favors monopolies, etc etc.
NH is very anti-ownership and anti-business.
The majority of people in some of the towns of NH do like some government services, and without the ability to create a statewide or local income or sales tax, they are left with supporting increasing property taxes to pay for the services they want. And so, that's what the voters do in some towns in NH. NH isn't anti-ownership, though. In fact, the law is designed via the current use policy to encourage people to own larger amounts of land. If you own over 10 acres and put 10 of your acres in current use, there is almost no property tax on it. You can continue to use it to farm, to hunt, to swim in, for fruit trees, for logging or whatever you are using it for but the property taxes go down to almost nothing. And that's in the communities with property taxes. Some places don't even have property taxes to begin with.
As for monopolies, New Hampshire's Constitution specifically says that 1 of the points of the government and legislature is to prevent private sector monopolies.
For small businesses with 1-3 employees, NH is 1 of the small most business friendly states in the nation. No personal income taxes, no general sales tax, and almost no state business taxes, especially if you know how to run a business. You get to carry your loses forward for years, and even the gains count against them. You can give yourself a salary of $75,000 tax free, no questions asked. Put the rest back in the business and there you go.
New Hampshire is #3 for small business friendly states
http://nhfreedom.wordpress.com/2013/04/02/new-hampshire-is-3-for-small-business-friendly-states/
According to the 2013 Thumbtrack.com Small Business Survey, New Hampshire is #3 for small business friendly states. New Hampshire is #2 for ease of starting a business and licensing regulations. New Hampshire is #4 for regulatory friendliness. New Hampshire also receives an A+ in ease of hiring, health and safety and tax code.
However, while NH has about the lowest taxes in the US, it does have a government. The government is funded somehow. And yes, business taxes are high for larger companies in NH. Yet, often, large companies would rather be located in NH than in near-by states, even if this 1 group is singled out by the NH tax code to actually pay high taxes. Again, NH isn't perfect, just the best there is and the place most likely to get better sooner.
NO INCOME TAX* - 25% of our residents work in states with income tax - sorry
Sorry, again, that was my mistake. Thanks for the correction. That's not a problem. MA if by far the most likely place to find FSP movers. I'd love to move 1,000s of more liberty folks from MA. I know many great people, and even many legislators in NH that were born in MA. The MA folks that want socialism and to live in the woods often move to ME or VT. The MA folks that want major city life, often move to NYC. The MA folks that want a warmer climate often move to FL or even NC. The MA that want freedom often move to NH, along with the MA that want a cheap place to live since NH is the least expensive place to live in New England, largely because it has near the lowest taxes in the US and no general sales tax.
NO LIQUOR TAX* - The State of NH owns all liquor stores (seriously)
This isn't true. NH is 1 of 18 alcoholic beverage control states. That means that most liquor and wine have to pass through the government at some point, in order to be legally sold. Most liquor stores in NH are run by the government but 3 are run by small businesses. NH's liquor system could use a lot of work, and free staters have helped pass several reform bills, but it is still arguably the best system in the US. NH has the lowest liquor prices in the county, and some of the best available hours in the country. There are also massive liquor stores located directly on the interstates. The NH government making a small profit on the sale of most liquor and wine in NH helps keep NH with the about the lowest taxes in the US.
NO SALES TAX* - The State of NH has some of the highest property taxes to compensate for it
NH has the largest variation in property taxes in the nation, from nothing to very high, depending on what people in that community decide they want. In NH towns, the people themselves decide the budget. You point it good to know but not useful in convincing a single person 1 way or another. Since this and similar threads are about where is the best place to live/move to, someone moving to NH could decide to live in a community without property taxes, with low property taxes, in a way without property taxes or low property taxes.
NO INCOME TAX* - Yeah, but we will pork you on corporate taxes, property taxes, and dividend taxes
Hardly. Again, NH has just about the lowest overall taxes of anywhere in the US. The corporate taxes are high for large companies only. The property taxes are only high for people that want to have a small amount of land in a high property tax area. The dividend taxes are low in NH and for most people, easy to avoid completely.
LOW GAS TAXES* - Yeah, but your savings are vaporized by having to drive to another state for a job
That is just you trolling me. Which is fine. I've responded to enough of your trolling though
