The numbers are coming together for 2018. Here’s a snapshot of what our tax return looks like. Numbers are rounded for some anonymity.
This is a combination of many fortunate circumstances. Having a high paying job in a very low cost of living city, a paid-off house and no state tax.
Interestingly, post retirement and once the high W2 income is no longer flowing, the high property taxes become a negative as the savings from not having a state tax diminish. Our property taxes are $17k out of our core spending of $92k.