According to Kiplinger (hat tip to Albuquerque Business First), only one state — California — is a worse place to retire than New Mexico.
In a new analysis, the business and finance publisher warns, “When it comes to taxes, the Land of Enchantment presents a lackluster reality to its retired residents.”
The gross receipts tax was singled out as a villain. The rate for New Mexico’s peculiar form of sales taxation is 8 percent or higher in some locales, and is obviously a deterrent for cost-conscious senior citizens.
Kiplinger’s conclusion: “If you’re eyeing the Southwest for its sunny climate and multicultural vibe, check out Arizona, one of our 10 most tax-friendly states for retirees, instead. The Grand Canyon State does not tax Social Security benefits … and its top income tax rate of 4.54% is lower than New Mexico’s 4.9%.”
I recently brought up a variety of ridiculous aspects relating to divesting UNM’s investments from the oil and gas industry. Mark Mathis, a film maker and someone who “gets” oil and gas, had a very humorous column in the Albuquerque Journal mocking the efforts.
The effort to divest is being pushed by the profoundly radical 350.org which is the creation of the radical environmentalist Bill McKibben.
Unfortunately for McKibben and his radical allies, Americans are less concerned (and rightfully so) about the state of the environment, than in years past (according to Gallup):