Retirement Income Taxes
Another highly variable factor eating into your retirement fund is income tax.
Some states have no state income tax, however, they may have high costs of living which offset the gains.
Another advantage to retiring or relocating in the Carolinas is that in both North Carolina and South Carolina, Social Security benefits are exempt from taxes.
Take a careful look at all the tax factors before deciding what cities and towns make up the list of your Best Places to Retire in North Carolina and South Carolina.
- www.dornc.com for North Carolina tax information, and
- www.sctax.org for South Carolina tax information.
Read my article, “Taxes in the Carolinas” for more information on taxes in North Carolina and South Carolina.
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About Bob Bencivenga
|Bob Bencivenga is a professional site locator and location analyst for major corporations. Bob researches the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable.|
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