How about those property taxes?

[jeffk]

Originally Posted by jrc

NH effectively has a net worth tax. If you're rich where do you keep your money? Real estate, cash in a bank, or stocks and bonds. NH has property taxes (real estate), nh has a tax on interest (bank accounts and bonds) and dividends (stocks).

So unless you hide your money in a mattress, NH will tax it.

I can buy stock or mutual funds that pay no dividends and reap capitol gains when I sell and NH takes nothing from me.

With the generous deduction provided I can have assets of around $100,000 before I generate enough interest and dividends to have to pay the 5% tax. Another way to look at it is I can make $5000 interest and dividends without paying tax.