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Vermont will cover $10K of expenses for people who move there and work remotely

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Re: Vermont will cover $10K of expenses for people who move there and work remotely

#121
post #55

Earlier quoted context omitted.

Given it's "up to $10k" it could easily be 125 people at $1k each.

Good news everyone! The State of Vermont will buy you a one-way train ticket to come and live there.

To be perfectly honest, if I were to do this, getting over to Vermont via train trip isn't the worst way to get over there.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#122

Earlier quoted context omitted.

With skiing in the east an industry in rough shape since it doesn't snow anymore, and agriculture in a slow death spiral, Vermont is trying to embrace it's potential as a bedroom community for NYC and Boston. Burlington is a cool little city and the countryside is beautiful as well. If they can use a small program like this to stimulate some cadre of "pioneers", they'll get alot of value, and perhaps some improved ou…

I hadn't heard that there has been a decline in snowfall, it's pretty stark in the Pacific West: https://www.epa.gov/climate-indicators/climate-change-indica...

I don't totally understand the figure. What is determining the number of data points taken? It looks like the density of readings in the NW is much higher than in the NE.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#123

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

Well, you can just look at Kansas to see what happens when you gut your taxes to where you can't actually pay for anything.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#124

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

Vermont legislature is clueless if it thinks this or anything else other than a major overhaul of tax system and modernization of the infrastructure would bring people to Vermont. I spent a few weeks recently bumming around the state. 1) Contrary to what Vermonters may think, real estate in Vermont is expensive. Not NYC or SF expensive but none the less very expensive unless it is in a totally need to be burned and r…

>NH makes most of its revenue from property taxes and property taxes there are still smaller

How are you defining "smaller"? NH is #2 and VT #9 at http://www.tax-rates.org/taxtables/property-tax-by-state

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#125
post #101
post #91

Earlier quoted context omitted.

And yet the neighboring state of New Hampshire, which has some of the lowest taxes in the country (0% sales tax, 0% state income tax), beats Vermont handily in SAT scores. https://blog.prepscholar.com/average-sat-and-act-scores-by-s... What does Vermont have to show for its higher spending? Why do you see higher spending as an automatically good thing if it doesn't have any evidence of having a beneficial effect?

Possibly because until recently NH had all high schoolers take the SATs to be used in statewide assessments. It would follow teachers would then spend classroom time preparing their students for it.

New Hampshire also has higher ACT scores as well. Is there any metric that shows Vermont's education system beating New Hampshire's?

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#126
post #62

Earlier quoted context omitted.

> notoriously high-tax state Some societies think that it is wise to spend on some things such as education (see https://www.washingtonpost.com/news/local/wp/2015/06/02/the-... ). Others think that lowering taxes at whatever cost is better. The former fits with my thinking, which is why I like it here.

> notoriously high-tax state Some societies think that it is wise to spend on some things such as education (see https://www.washingtonpost.com/news/local/wp/2015/06/02/the-... ). Others think that lowering taxes at whatever cost is better. The former fits with my thinking, which is why I like it here. It's a little more nuanced than that, and not necessarily an either/or as you have described it. More than likely in…

"More than likely in my experience, the people who think lowering taxes is good think so because they view the government as an inefficient, third-party spender and believe the money could be better spent more wisely elsewhere."

People say that, but then they privatize functions of government, and if they're lucky, they end up with the same level of service. And then now there's a middleman involved who needs to get profit, meaning wages and service get cut.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#127
post #35

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

On top of the taxes, housing is pretty bad too. You can be a reclusive hermit in southern / central VT on the cheap, but the closer you get to Burlington / Essex Jct the more expensive it gets. This is in part caused by the size of the University of Vermont - high demand for housing, small area. Many buildings have too many units crammed into them for the same reason. Not nearly as bad as the valley, but another reas…

Define "expensive", especially as many of us on this board are in California, and have a certain view of expensive.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#128
post #18

Earlier quoted context omitted.

Yes, I was surprised by this: > Vermont has budgeted grants for about 100 new remote workers in the first three years of the program and about 20 additional workers per year for every year after. Vermont lost 10,000 working-age residents over the past five years.[1] This plan will (in theory) recover just ~1% of that. Maybe they're monitoring reactions to this announcement before they put more money into the program?…

With skiing in the east an industry in rough shape since it doesn't snow anymore, and agriculture in a slow death spiral, Vermont is trying to embrace it's potential as a bedroom community for NYC and Boston. Burlington is a cool little city and the countryside is beautiful as well. If they can use a small program like this to stimulate some cadre of "pioneers", they'll get alot of value, and perhaps some improved ou…

Stowe has co-working spaces. Hudson County NJ doesn't have those (not really).

Crazy.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#129
post #101
post #91

Earlier quoted context omitted.

And yet the neighboring state of New Hampshire, which has some of the lowest taxes in the country (0% sales tax, 0% state income tax), beats Vermont handily in SAT scores. https://blog.prepscholar.com/average-sat-and-act-scores-by-s... What does Vermont have to show for its higher spending? Why do you see higher spending as an automatically good thing if it doesn't have any evidence of having a beneficial effect?

Possibly because until recently NH had all high schoolers take the SATs to be used in statewide assessments. It would follow teachers would then spend classroom time preparing their students for it.

That should bias it downward, compared to only college-bound students taking it.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#130

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

Can't you deduce state tax from federal income? It's really weird seeing the US get scared of a 8% tax. Those taxes are services after all.

With the new tax bill, there's a cap at $10k that you can deduct.
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