addition: which state best to cash out my hypothetical CYGX fortune? State income tax.
Now this might sound far fetched, but while I am on the subject of moving, there is an additional factor. For some time now, I am giving serious thought to the possibility that my stock investment in Cytogenix is going to become worth a small fortune in a few years. Exit strategy. I think of state income tax rates and laws. I am not that happy with Florida. Although it is true that there is no state income tax and there would be no additional charge besides the federal capital gains tax when I cash out (a good thing), they have this bizarre wealth tax on stock investments. You have to pay yearly - even before you sell! The saving grace is that it is a very low rate, a tenth of one percent, I believe. But I don't like the idea of it. It's a lot of nerve. Nevada is much better. So is Alaska. I, sucker that I am, live in about the highest tax states in the country now. If the value of my CYGX investment really ever did appreciate like I expect, then my choice of state could make a real difference. Even Arizona with its 5.2% (?) state income tax rate, while much better than here, is still too high.
