Hi,
I'm from Cali and I'll be doing a transitional year in MI. I'm reapplying for residency this upcoming cycle and the plan is to secure a less competitive residency in California. I am aware of MI's no fault insurance and the tax differences between the 2 states. My effective tax rate is cheaper for California than Michigan. I don't know the quote for my car insurance premium in Michigan, but I'm assuming it's higher than California's. It's not like my salary of $50k/yr matters compare to my debt. However, if I can save some money and not change my driver license/license plate/domicile to Michigan I would be so thrilled. With that being said, do you think it's necessary to change my driver license/license plate/domicile from California to Michigan? I plan to be in MI for 1 year only. Any advice for my situation? Thank you.
I'm from Cali and I'll be doing a transitional year in MI. I'm reapplying for residency this upcoming cycle and the plan is to secure a less competitive residency in California. I am aware of MI's no fault insurance and the tax differences between the 2 states. My effective tax rate is cheaper for California than Michigan. I don't know the quote for my car insurance premium in Michigan, but I'm assuming it's higher than California's. It's not like my salary of $50k/yr matters compare to my debt. However, if I can save some money and not change my driver license/license plate/domicile to Michigan I would be so thrilled. With that being said, do you think it's necessary to change my driver license/license plate/domicile from California to Michigan? I plan to be in MI for 1 year only. Any advice for my situation? Thank you.