19 ms·

Chattanooga most likely. My company is doing 85% base salary with no adjustment to RSUs. Tennessee is a great place to save money due to 1) no state income tax,

Chattanooga most likely. My company is doing 85% base salary with no adjustment to RSUs. Tennessee is a great place to save money due to 1) no state income tax, 2) no capital gains taxes, and 3) low cost of living. I estimate I’ll be able to save ~$100k more per year than I currently am in the Bay Area. Plus Chattanooga is known for having some of the fastest internet in the country, rolled out by the city a few years ago. Signal Mountain has great schools for when my kids are older, and it doesn’t hurt that it’s a naturally beautiful place as well (https://i.pinimg.com/originals/66/c2/24/66c22405229f125fea23b1769c855c11.jpg https://i.pinimg.com/originals/66/c2/24/66c22405229f125fea23...). I’d really like to move to Asheville or Charleston, but the taxes make it a bit too much of a premium over Chattanooga.

triyambakam 6y ago
Saving 100k more! Wow, that's an impressive difference.
- throwaway93386 6y ago
  To be fair, a lot of that is due to us paying much more than we should be at the moment for a nice two bedroom apartment for our family.
deleted 6y ago
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archon 6y ago
Chattanooga and EPB (our aforementioned fast internet) are both pretty awesome. I see a definite uptick in people from out of state moving here over the past 6 months, which is stretching the area's housing supply. We also had a tornado come through in April and damage or destroy several hundred homes. So if you do end up moving here, just beware the housing market is a little hectic at the moment.
- throwaway93386 6y ago
  I’m sorry to hear about the tornado. That’s devastating. I hope the repair efforts are going well.
simonebrunozzi 6y ago
What? No Capital gains taxes? Sounds too good to be true. Can you elaborate more? Edit: California doesn't distinguish between income and capital gain. Federal, though, you would still have to pay even if you go to Tennessee, right?
- desdiv 6y ago
  He meant no Tennessee state capital gains taxes. You still have the Federal capital gains taxes.
RemoteStartup1 6y ago
Sounds Awesome! How did you decide to move to Chattanooga? Where can I learn more?
beardedetim 6y ago
Wife and I chose to move back to Knoxville a year or two ago for similar reasons. Have looked at moving to NC or GA but the extra taxes don't make it that appealing. I think if I hadn't known Knoxville before, I'd have chosen Chatt due to the internet and vibe. But I can't complain as I've always loved Knoxville.
giantg2 6y ago
I've thought about eastern TN as a place to move. I would prefer a slightly cooler climate though. Eastern KY would be good for me, but they don't have the same tax benefits. It's tough to find a place that checks all the right boxes. I guess it really doesn't matter for me because my wife won't move anyways.

triyambakam 6y ago

Saving 100k more! Wow, that's an impressive difference.

throwaway93386 6y ago
To be fair, a lot of that is due to us paying much more than we should be at the moment for a nice two bedroom apartment for our family.

deleted 6y ago

[deleted]

archon 6y ago

Chattanooga and EPB (our aforementioned fast internet) are both pretty awesome. I see a definite uptick in people from out of state moving here over the past 6 months, which is stretching the area's housing supply. We also had a tornado come through in April and damage or destroy several hundred homes. So if you do end up moving here, just beware the housing market is a little hectic at the moment.

throwaway93386 6y ago
I’m sorry to hear about the tornado. That’s devastating. I hope the repair efforts are going well.

simonebrunozzi 6y ago

What? No Capital gains taxes? Sounds too good to be true. Can you elaborate more? Edit: California doesn't distinguish between income and capital gain. Federal, though, you would still have to pay even if you go to Tennessee, right?

desdiv 6y ago
He meant no Tennessee state capital gains taxes. You still have the Federal capital gains taxes.

RemoteStartup1 6y ago

Sounds Awesome! How did you decide to move to Chattanooga? Where can I learn more?

beardedetim 6y ago

Wife and I chose to move back to Knoxville a year or two ago for similar reasons. Have looked at moving to NC or GA but the extra taxes don't make it that appealing. I think if I hadn't known Knoxville before, I'd have chosen Chatt due to the internet and vibe. But I can't complain as I've always loved Knoxville.

giantg2 6y ago

I've thought about eastern TN as a place to move. I would prefer a slightly cooler climate though. Eastern KY would be good for me, but they don't have the same tax benefits. It's tough to find a place that checks all the right boxes. I guess it really doesn't matter for me because my wife won't move anyways.