In this episode, Shannon delves into the popular topic of relocating to a tax-free state. She explores the potential benefits, hidden costs, and vital lifestyle considerations one should evaluate before making such a significant move. Whether listeners are considering states like Florida, Texas, or others with no income tax, Shannon provides insights to ensure their decisions are based on more than just tax savings. Get ready to rethink strategies and make informed choices that truly benefit life and business.
What you'll hear in this episode:
01:24 States with no income tax; other taxes apply.
04:08 Consider convenience, resources, and potential travel costs.
07:13 US tax system preferred over Costa Rica's complexity.
If you like this episode, check out:
Business Travel Expenses Made Easy
End-of-Year Financial Prep: Three Essential Steps for Business Owners
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
