Earlier quoted context omitted.
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
As someone who lives in California and pays state taxes, how would Texas have a higher tax burden if it doesn't charge state tax?
Texas is America Inc's new centre of gravity
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Re: Texas is America Inc's new centre of gravity
#12Earlier quoted context omitted.
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
As someone who lives in California and pays state taxes, how would Texas have a higher tax burden if it doesn't charge state tax?
Re: Texas is America Inc's new centre of gravity
#13Earlier quoted context omitted.
As someone who lives in California and pays state taxes, how would Texas have a higher tax burden if it doesn't charge state tax?
Texas charges quite high property taxes compared to many other states
Re: Texas is America Inc's new centre of gravity
#14Earlier quoted context omitted.
As someone who lives in California and pays state taxes, how would Texas have a higher tax burden if it doesn't charge state tax?
Texas charges quite high property taxes compared to many other states
Re: Texas is America Inc's new centre of gravity
#15Earlier quoted context omitted.
Texas charges quite high property taxes compared to many other states
True, but in my experience grandparent is a bit full of it. Yes property taxes are higher, but what op leaves out is that the values of homes are like for like 2-3x more expensive in California. So in the end I would probably pay around the same tax for a like for like home in California as Texas, simply because of the value of the home. Then we must consider the state income tax of California, which is a nonzero dif…
Re: Texas is America Inc's new centre of gravity
#16California is an incredible example of how to drop the ball when running a powerful state. Texas is of course on the other end of the spectrum in terms of regulation and being business-friendly. Something more in the middle of the two is obviously ideal.
Re: Texas is America Inc's new centre of gravity
#17California is an incredible example of how to drop the ball when running a powerful state. Texas is of course on the other end of the spectrum in terms of regulation and being business-friendly. Something more in the middle of the two is obviously ideal.
Re: Texas is America Inc's new centre of gravity
#18> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
Re: Texas is America Inc's new centre of gravity
#19Earlier quoted context omitted.
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
What is high tax in Texas, much less insanely high? There is no income tax. Property taxes are okay-ish. It has a standard sales tax. > Of course California also has a much larger safety net than Texas. California alone accounts for a third of the homeless population in the U.S.
Re: Texas is America Inc's new centre of gravity
#20> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better