There's a lot that goes into moving and establishing residency in other state for not just for income tax purposes, but for your cost of living.

Just because they're low state income tax doesn't mean they're friendly when it comes to property tax or sales tax.

We're taxing income, but not retirement plan distribution incomes, of course, or there's more bang for your buck, if you will, in tax savings by going

to another state. Welcome everyone to the Main Street Business Podcast with Matt Sornson and

Mark Kohler. I want to be honest today and say, we're so excited to be with you, but we're

faking it a little bit today. We're hanging on by a thread here. Is this Bon Jovi on a prayer or something?

Oh, man.

I wish.

It was like, give me some Bon Jovi planning.

A little technical difficulties this morning to say the least.

One of our key people is out sick.

And we have, it's always a nice time in your business.

Here's a business tip for all of you out there.

Look at every key person in your organization. If they were gone

tomorrow for sickness, an accident, whatever they grind to a halt? In some area or another,

do you have redundancy? Do you have standing or standard operating procedures on the wall when

someone's gone? Yeah. It was a little rude awakening today. We've got, we got to do some work there. Yeah. Yeah. So, but anyway, so here we are, but we got a killer topic, an awesome topic. Yeah. That is something a lot of us think about, which is, damn, why don't I just move to another state where I don't have to pay as much taxes or taxes at all?

Or the cost of living.

It is interesting.

Some of the highest state tax states are the highest cost of living states, which is just, it's insult to injury.

So in this recessionary period with inflation, with higher interest rates, a lot of people are where can

I pinch some pennies? Where can I save costs? More people are working mobile than ever before,

...