Conference nyoss1::market_investing

Depending on the person's health (i.e. life expectancy), it may be better to
wait for Massachusetts to reduce estate taxes.  From what I've read (and I
admit I haven't paid too much attention), it's likely that Mass estate taxes
will be greatly reduced.

    Thanks for passing that on, Gerald, but unless you know for sure that a
    bill to reduce or eliminate (ha!) Mass estate taxes is slated for
    consideration soon, the idea that they *might* act on that could be a
    carrot designed to slow the exodus of seniors from the state.
    
    (And doesn't Mass have a whopper of a capital gains tax of their own,
    too?)
    
    Ed
    

    Why not call the tax authorities in MA and find out?  I understand
    there is a form to file (of course!), in which you declare you are
    renouncing MA as your domicile and you have no intention of ever
    returning.  Keeping property in MA will obviously sound alarm bells as
    to the sincerity of your intention.
    
    George Bush obviously gets the best of tax advice.  Tell your friend to
    rent a hotel room in Texas every year, and establish residency there.

    Anyone who wants to establish a NH residency needs only do a few common
    sense things to avoid problems with another state; 
    
    * maintain an permanent address (PO Box is not enough, seasonal  home
    will not do it either) so you can register to vote - you do not have to
    physically occupy the place, but you might have troubles if you sub-let
    it.
    
    * register to vote and then vote in the NH community where your	 
    residence is.
    
    * get a NH driver's license
    
    * stop filing a MASS resident's tax form.  If you have income from	  a
    Mass source, use the Non-Resident form.
    
    * put your new address on EVERYTHING, checks, credit cards, magazine
    subscriptions, IRS returns, etc.

According to an article about Bush, to establish residency in Texas)
for tax reasons,  all you need to do is say you will live ther someday (file
a formto that effect).  If that's not enough, I have a friend that might be
willing to sell you 1 square foot of Texas so you could be a "property owner".

}8-)}

Bill

  A square foot is too much land.  I read where someone was advertizing "Own
a piece of America" and was selling a square inch of land in each state.

Put you can only stant on it if you have square inches.  You can at least stand
on a square foot if your feet are square.  }8-)}

Re: .6

>  A square foot is too much land.  I read where someone was advertizing "Own
>a piece of America" and was selling a square inch of land in each state.

	I don't know if each state utilizes property taxes or not, but owning
50 separate pieces of property in 50 separate localities/states sounds like
a recipe for a paperwork blizzard!  To truly own those distributed 50 square
inches would require 50 title transfers - paperwork, lawyers (enough of them
to cover all 50 states' transfer requirements), filing fees, etc.  Was this
company setting _this_ up or were they just selling 'shares' of the property
that the company (hopefully!) owns in each state?  (If its the latter, I
doubt it would count for official residency... ;-)

							-craig

    The company that's selling this stuff has some strict rules.  No taxes
    are due (!) but you cannot build on "your" property, nor do you have
    any mineral rights.  Basically they got each state to set aside a few
    acres of garbage land in return for a one-time payment under stringent
    "zoning" regulations.
    
      John

In the 1950s, Quaker Oats had a cereal-box offer of a square inch of land in
the Yukon.  This was a tie-in to the TV show Sgt. Preston of the Yukon.

re .-1

  You're showing your age!!!  I must admit I too remember that one but I did
not cite it since I couldn't remember as much of the details.  I do remember
getting a certificate at the time.  I doubt that anyone could find the land
today ;-.[

re .11:

Actually, I've only read about it.  I was very young when Sgt. Preston was on,
and I don't remember watching it.