Quote:
Originally Posted by Strange Brew
How much money you making to save $1 million a year in state income tax? Property taxes can get over 4% in some no income tax states.
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I was thinking $1 million over the life of the contract. If you buy (let's say) a $2 million house, which will get you decent accommodations anywhere in Florida, that 4% property tax would come to $640,000 over the term of a maximum 8-year contract. Spend less, live elsewhere in the off season, and you pay less in tax.