For anyone considering the fulltime RV lifestyle, a state to establish a home base can be vitally important. For these RVers, the new 2008 guide "Selecting An RV Home Base" from the editors of Trailer Life and Motorhome magazines is a "must-have" planning tool for selecting a state to call "home." Among the most important issues for RVers are taxes and RV fees. Which states have the best income tax advantages? Which states offer the best rates on RV registration? The fact is, picking the wrong state to establish an official residence could result in spending thousands of dollars a year that could be saved by establishing a home base elsewhere. And just how does a full-time RVer establish an official residency? Is it enough to simply rent a post office box? Probably not. In this annual guide you will learn: financial liability by state, Federal taxes for fulltime RVers, state retirement exemptions, tax advantages of each state, vehicle licensing registration specifics, voting rules and requirements. This is a little book but the information is valuable and almost impossible to find elsewhere without countless hours of research. The book can be ordered at RVbookstore.com.
1 comment:
We started full timing out of California. We thought Oregon was great due to "no sales tax" and low license fees and went with that for 2 years having my wife's mom forward our mail. Wrong! Unless you have no taxable income, the two pluses are are erased when the income tax bites you. Don't think you can license there and stay under the tax mans radar. They cross check DMV records with Dept. of Revenue!
Sure, Montana has no sales tax and a low income tax, but having to form a LLC is a pain. Alaska is too far away to have to go. South Dakota's fees are high on vehicle registration and if you register to vote and don't show up for jury duty (Full time travel isn't an excuse) they put a warrant out for your arrest!) Florida,well no comment from a West Coast guy!) Wyoming has no income tax, but their licensing fees are high.
So what was OUR choice! TEXAS! NO
STATE INCOME TAX, Low license fees,
Escapees RV Club gives you a LEGAL address for all purposes and has THE MOST FANTASTIC MAIL SERVICE AND MEMBER SUPPORT, PERIOD!!! If you are out of town when summoned for jury duty, just call and they are so nice about excusing you!
We have been FULL TIMERS for TEN years and are PROUD to be TEXANS, as MOST full timers are!
I could be wrong if there are FACTS or changes I'm not aware of. Do your own research, but insofar as OUR needs, we are VERY HAPPY with our choice!
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