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Strategies & Market Trends : Dividend investing for retirement

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To: upanddown who wrote (12540)	9/1/2012 2:59:13 PM
From: E_K_S	Read Replies (1) of 34328

Hi upanddown - OT - How all of these taxes can reduce your hard earned dividend income Yes, I bought in NV near Zephyr Cove, 3 mi NE of the casinos. I walk my dog to the lake each morning and evening. I looked at moving to the CA coast (from Silicon Valley) and taking my low property tax basis w/ me. Several counties participate in the program that allow you to carry w/ you your low property tax base to a new property purchased. I believe you must be 55 years or older to utilize this unique program. I still may take advantage of this "low tax" transfer ( proposition 60 & proposition 90) and use that capital gain "principal residence" exclusion if I play all my cards right. The point for this board is that we work extremely hard building a portfolio of good dividend payers, planning residential moves to defer and/or reduce taxes (State & Federal) can pay you dividends too. CA was the leader in the nation to curb the growth of ever increasing property taxes. Proposition 13 capped the annual increase of property taxes to 1% per year and proposition 60 & 90 allowed home owners over the age of 55 to keep their low property tax base when they sold their principle residence and moved to another participating county w/i the State. These annual savings are like annual dividend payments in the bank. If your kids are grown and no longer live at home, it's a little easier to arrange your affairs to take advantage of many of these tax breaks. I suspect with the limited City & County budgets, some or all of these breaks may disappear in the future. I can not believe how NJ & NY can double tax income. I believe there have many other fees & taxes too; City, County, State, use taxes etc. Wow, those dividends earned must get whittled down to near nothing after paying all of those fees. I get upset when I pay Foreign taxes but compared to some of the States, the Foreign taxes do not look too bad. It's all about what you keep not what you earn (ie yield) because it's the after tax revenues you get to spend. EKS

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