Making the DMV Retirement Friendly !

A Tale of Two Metros

https://wp.me/p7NAzO-2XQ

Dear Governor Wes Moore, Mayor Muriel Bowser, and Governor Glenn Youngkin,

Throughout the District, Maryland, and Virginia (DMV) capital area, there are hundreds of thousands of retirees (federal, state, and local government employees, public school and university staff, and private sector workers). Yet, the region is considered retiree-unfriendly by most people, leading many retirees to relocate to more retiree-friendly states such as Arizona, the Carolinas, Georgia, Florida, or Texas. Retirees should be encouraged to retire in place as they have considerable disposable income and can be a vital resource in the region. It is time for the governments of the DMV to enact retirement-friendly policies to encourage retirees to stay in the region, or to move back to the region. Many retirees are moving out of Florida for example.

The easiest way to do this is to coordinate among the DMV governments to waive income taxes for residents over the age of 65. They would still be liable for sales taxes and government fees for services such as driver's licenses. They could also be exempt from having to file state tax forms. Additionally, they should be given a 50 percent reduction in property taxes. To compensate for the lost revenue, the DMV governments could raise the income tax rates by 1 percent, which should cover the shortfall.

By taking this coordinated, modest step, retirees would be encouraged to stay put, putting their disposable income to work and contributing to the communities in which they reside. Most such retirees would stay in place or move back if these policies were enacted.

I retired from the US Foreign Service in 2016 and have been living in Korea and the West Coast since then. If the DMV were to enact this policy, I would move back to Virginia.

It is time to make the DMV retirement-friendly.

Sincerely,

John (Jake) Cosmos Aller
US State Department Foreign Service Officer, Retired
703-436-1402
authorjakecosmosaller@gmail.com
https://theworldaccordingtocosmos.com

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 Making the DMV Retirement Friendly !

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