Chisholm Journal: Simplicity & Smart Money
Financial Discipline to Freedom
From Discipline to Freedom: Mastering State Taxes, The Importance of Discipline in Understanding and Managing Them
0:00
Current time: 0:00 / Total time: -21:11
-21:11

From Discipline to Freedom: Mastering State Taxes, The Importance of Discipline in Understanding and Managing Them

Building on our previous discussions on Federal Taxes, we now explore the other tax regime that greatly impacts you—state taxes.

In this episode, we talk about state taxes and why understanding them is a key aspect in successful financial planning. We discuss:

  1. Types of taxes imposed by states. Including, income, property, sales, and capital gains taxes.

  2. The relationship between federal and state taxes—how paying state taxes may impact your taxes due to the federal government.

  3. Why understanding your state taxes will benefit not only your near-term financial planning but your long-term choices and goals.

If you enjoy this podcast, please subscribe, rate, and review us on your favorite podcast platform, as it helps us reach more people who can benefit from our content. Also, don't forget to follow us on Youtube, Instagram, and here on Substack for updates, additional resources, and to join our community of like-minded individuals who are all working towards the same goal of financial freedom.

Discussion about this podcast

Chisholm Journal: Simplicity & Smart Money
Financial Discipline to Freedom
I’m Jenny Logan, Certified Financial Planner™, rural living evangelist, gentlewoman farmer, and business owner. This podcast focuses on the journey to financial freedom, self-sufficiency, and a life of purpose and meaning. We talk big picture about the purpose of financial freedom, but also share some straightforward strategies that, with a little discipline, anyone can implement to work towards financial success.