Re: So I\'m thinking of moving to Vegas... help? (some kinda-tax stuff)
You will save $14,000 per year alone in State income tax. Your total cost of living excluding housing should save you another $6000 minimum. Your rent has no tax advantages, 100% of the interest expense of your primary residence loan is deductible as you will be filing the 1040 form. Homes in Vegas have gone up at a whopping 40% rate last year alone. So a $180,000 home in 2004 is now worth over $250,000. Any consideration of not buying when you have an annual income of $150,000 is not solid thinking.
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