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South Carolina

Tax Benefits of North Carolina and South Carolina

North Carolina

North Carolina has a system very friendly user taxes. For more information on North Carolina taxes, visit www.dornc.com easy to use and complete with various FAQs, and toll free information line (877-252-3052) has a wealth of information for people seeking help with their taxes. In addition, North Carolina has been steadily increasing the number of options you can do online. There are tanning centers where taxpayers can go for help, found in many large cities.

North Carolina has a rate of sales tax of 7%, except to Mecklenburg County, which has a rate of 7.5% due to higher local tax rate. property taxes based on millage rates variable, depending on the city or county you live in Great savings can be found here. In my "ultimate guide to find the best place to live in the Carolinas" that compares the real estate taxes for 3 houses at different prices, in 90 different villages in the North and South Carolina.

North Carolina has 3 brackets income tax, from 6% of first $ 12,750 and up to 7.75% from just over $ 60,000. North Carolina deductions for state taxes are the following: the standard deduction is $ 3,000 for singles, $ 5,000 for a married joint return. Public pension exclusion is $ 4,000 per taxpayer. If you are receiving both public and private pensions, private pension exclusion is $ 2,000 per taxpayer. Social Security Benefits are fully exempt. Instead of a state sales tax on cars, North Carolina collects a 3% Highway Use Tax, depending on the value Estimated vehicle.

South Carolina

According to the U.S. Census Bureau, South Carolina has one of the lowest per capita tax rates in the country. Maybe that's why so many people appreciate the Palmetto State. One of the advantages of a home and raising a family in South Carolina is that parents, guardians or students can receive partial credit for tuition paid to a South Carolina university, to $ 850. Another favorable exclusion of the South Carolina tax payers from the enjoyment is that the valuation of the first $ 100,000 of a home is exempt from school taxes. For more information on South Carolina taxes, visit www.sctax.org , or call 803-898-5464.

South Carolina has a rate of sales tax of 5%, but local governments can approve a local tax. The maximum for the addition of 2%, so the maximum sales taxes in South Carolina is 7%. As in North Carolina, property taxes are based on a millage rate, which varies by state and municipality. In my "Guide Essential to find the best place to live in the Carolinas, "which compares the real estate tax rates by 3 different houses in 90 different cities in North and South Carolina. One of the benefits of retirement to South Carolina is that there is an exemption of $ 50,000 in property taxes for residents over 65 years.

South Carolina has six tax brackets income tax. Starting at 2.5% of first $ 2.280 of work, and increased 7% to just over $ 11,400. Exclusions include public pension exclusion of $ 3,000 for residents under 65, and $ 10,000 for residents over 65 years. The same is true for private pensions. South Carolina does not tax Social Security benefits.

Both states have a great quality of life and favorable tax climates. In general, Carolina South is cheaper than North Carolina. People interested in the movement of one or another state should consult the information sources listed, and a tax professional.

Visit www.PlacesOfValue.com for more articles on best places in North Carolina and South Carolina, to relocate communities easy, top retirement, cost of living, and designing and building your dream home.

To obtain REPORT FREE on "best affordable places in the Carolinas" and find the best place to live in the Carolinas: http: http://www.PlacesOfValue.com/page/best_places.php

About the Author

I've spent over 30 years finding the best real estate locations for major corporations. These companies have made hundreds of millions of dollars based on the locations I've selected.

I'm a professional real estate site locator and location analyst. During the last 5 years, I've been researching the growth of towns in North and South Carolina, for the relocation of my family.

I've studied hundreds of towns to find those areas which are still affordable, have a high quality lifestyle, and the potential for future growth.

My purpose is to share what I've found with you and help you find your Best Place to Live in the Carolinas.

Miss Teen USA 2007 - South Carolina answers a question