best state for dental practice

[iLuvDAT]

some states have no income tax(texas, nevada, south dakota etc), I wanted to find out which state is the best for dentistry financially. The criteria include high dental fee, no state income tax, low business tax etc.

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[DrJeff]

The states with the highest population to dentist ratio. More folks for less dentists is often a better way to maximize your profit than the low income tax states which tend to have a higher dentist to population ratio. More dentists for less people equals more need for marketing which in some cases will offset the tax savings.

 

[tinman831]

Last I heard, Alaska is pretty tax friendly. They'll pay for your schooling, give you land, and a house if you commit to a few years there..

 

[Cymbidium]

New Hampshire.

My mom works 3.5 days a week, pays no state taxes and lives in an awesome house on Lake Winnipesaukee.

 

[makushin]

They'll pay for your schooling, give you land, and a house if you commit to a few years there..

,

 

[vaio]

Tennessee ... low cost of living and i heard dentists are well compensated...also low dentist per population ratio in cities

 

[Cold Front]

In general, the best place to have a practice is outside metropolitan areas (rural areas)... which doesn't attract new and young dentists, as well as group practices. Everytime you see a large population center, it's usually saturated with dentists (Boston is the best example I know of).

You can always live in a big city, and commute to work (your office) for 30 mins each day to get the best of both worlds... but then again, how many dentists do you know doing that?

 

[PR Buick]

New Hampshire.

My mom works 3.5 days a week, pays no state taxes and lives in an awesome house on Lake Winnipesaukee.

Is she a neighbor of Dr. Leo Marvin?

 

[blankguy]

In general, the best place to have a practice is outside metropolitan areas (rural areas)... which doesn't attract new and young dentists, as well as group practices. Everytime you see a large population center, it's usually saturated with dentists (Boston is the best example I know of).

You can always live in a big city, and commute to work (your office) for 30 mins each day to get the best of both worlds... but then again, how many dentists do you know doing that?

There is an advantage of commuting to work in the suburbs. Everybody will be stuck in traffic jams going into the city while you go the other way on relatively clear roads. Being from Boston it feels like every 2 or 3 blocks there is a dental office.

 

[ChilliCheeseDog]

Is she a neighbor of Dr. Leo Marvin?

baby steps.....

 

[Cymbidium]

Is she a neighbor of Dr. Leo Marvin?

Haha!!

no, but I think Mitt Romney has a house across the lake.

 

[DrJeff]

Haha!!

no, but I think Mitt Romney has a house across the lake.

Out at the entrance to Wolfeboro Bay.

Although Mitt's place is "small" by Wolfeboro area's standard's. This "little" place is about a mile as the bird fly's from Mitt's!

It's owned by the man who recently sold the New Hampshire International Speedway (Nascar Track), Bob Bahre.

There's some VERY nice real estate on Lake Winnipesaukee!

 

[Dentcraze]

Oh really? I live in Alaska and I've never heard of this. Please tell me where to sign up for my free school, house and land.

All you have to do is walk out into the Chugach and put up some flags and the land is yours LOL. You get like 1k or so a year from the oil surplus.

 

[KOM]

Oh really? I live in Alaska and I've never heard of this. Please tell me where to sign up for my free school, house and land.

Hey, I also lived in AK until a few years ago. Chugiak, AK. Where are you?

 

[Daurang]

Wyoming has no state income tax, no sales tax, and no property tax! Can someone please confirm this for me so I can retire to this heaven if it does exist.

 

[gyzeus]

In general, the best place to have a practice is outside metropolitan areas (rural areas)... which doesn't attract new and young dentists, as well as group practices. Everytime you see a large population center, it's usually saturated with dentists (Boston is the best example I know of).

You can always live in a big city, and commute to work (your office) for 30 mins each day to get the best of both worlds... but then again, how many dentists do you know doing that?

How rural do you mean?..
I'm fine with living in those places and actually drove out a couple of times out of the city to see what it's like.. but all I see 30 mins out the the city is just miles and miles of fields and cows..🙄
Made me wonder if there would be enough people for me to go there even once a week..



By the way, does anybody know how it is in Seattle, Washington?
Is the city pretty saturated with dentists?

 

[NileBDS]

New Hampshire.

My mom works 3.5 days a week, pays no state taxes and lives in an awesome house on Lake Winnipesaukee.

Here's something interesting I read about NH's tax-free income:


The state has no general sales tax, no personal income tax (the state does tax, at a 5 percent rate, income from dividends and interest) and the legislature has exercised fiscal restraint. Efforts to diversify the state's general economy have been ongoing.
Additionally, New Hampshire's lack of a broad-based tax system (aside from the controversial state-wide property tax) has resulted in the state's local communities having some of the nation's highest property taxes. Overall, New Hampshire remains ranked 49th among states in combined average state and local tax burden.[8] Nevertheless, ongoing efforts from unhappy homeowners for property tax relief continues. They have argued that residents of Massachusetts and other neighboring states are shopping in New Hampshire tax-free, and New Hampshire homeowners are paying them for the privilege.

 

[NileBDS]

Personal income tax-free states:


http://en.wikipedia.org/wiki/State_income_tax

and

http://taxes.about.com/od/statebystate/qt/taxfreestates.htm

 

[makushin]

Hey, I also lived in AK until a few years ago. Chugiak, AK. Where are you?

yep

 

[GoGatorsDMD]

Why wouldn't the criteria include lots of older patients with money, i.e. Florida? We don't have any income tax either...

 

[Cymbidium]

Here's something interesting I read about NH's tax-free income:


The state has no general sales tax, no personal income tax (the state does tax, at a 5 percent rate, income from dividends and interest) and the legislature has exercised fiscal restraint. Efforts to diversify the state's general economy have been ongoing.
Additionally, New Hampshire's lack of a broad-based tax system (aside from the controversial state-wide property tax) has resulted in the state's local communities having some of the nation's highest property taxes. Overall, New Hampshire remains ranked 49th among states in combined average state and local tax burden.[8] Nevertheless, ongoing efforts from unhappy homeowners for property tax relief continues. They have argued that residents of Massachusetts and other neighboring states are shopping in New Hampshire tax-free, and New Hampshire homeowners are paying them for the privilege.

So true. Her property taxes are ridiculous.