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I like South Dakota because there's no state income tax, but I also have probably the highest paying manufacturing job in the state. I wouldn't live here if I was making average money, especially on the east side of the state, because of the excessive cold weather.
There's nothing inherently wrong with this state's laws. That's why we have all these states... find one that fits your political and economic outlook on life, has the climate you want, etc. There's a state for just about everyone.
I always believe that South Dakota is a less regulated state even when compared with New Hampshire which seems leaning towards New England idealism due to its location being surrounded by other states.
Though what really disappointed about South Dakota is how started a sweeping movement that overturned Quill Corp. v. North Dakota (1992) with South Dakota v. Wayfair, Inc., 585 2018. I am even more surprised this happened under the Trump Adminstration and not under the Obama adminstration when FATCA came about which I am surprised Trump has not repealed it yet(despite having a republican controlled house/senate once), as I bet it had probably affected Trump's own assets overseas as well as many of his partner corporations.
I used to really look toward South Dakota as the most desirable tax friendly state however after this I am really disappointed with South Dakota. I heard New Hampshire got really mad of this movement.
The long standing ruling that forbids states from interfering with interstate commerce with sales or use taxes had been destroyed by this ruling.
I am surprised its not a tax savage state that done it, however tax savage states immediately took notice and took it to their advantage.
Amazon is a hypocrite as they had changed their stance from anti interstate taxation to now voluntarily collecting taxes in the remaining states that did not ask them to do so nor do they don't have a presence in any form. However they don't pay federal income tax on their own incomes.
I be beginning to rethink whether South Dakota is still desirable for nomads to declare their defacto domicile?
There's nothing inherently wrong with this state's laws. That's why we have all these states... find one that fits your political and economic outlook on life, has the climate you want, etc. There's a state for just about everyone.
This. I know, as an Arizonan by choice, I'm damn sick and tired of people moving here and being outraged at our laws and wanting to change them. Move back to California if those laws are so great! Leave us alone!
This. I know, as an Arizonan by choice, I'm damn sick and tired of people moving here and being outraged at our laws and wanting to change them. Move back to California if those laws are so great! Leave us alone!
And at the end of the day, you're living in South Dakota.
Yes, I've been there. Family throughout the region, mostly farmers.
A perfect example of how tax rates are inversely proportional to the desirability of a place to live in. Sort of the financial version of "You can live forever by giving up everything that makes life worthwhile."
But I guess if your low-tax compound has a chopper pad or a runway, it doesn't really matter where you lay your head. "Lunch in the Loop, dear?"
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