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

Post by RHSeeger » Thu, May 31, 2018, 7:24 PM UTC

notyourday wrote: post #40

jackhack wrote: post #19

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…

Post by s2g » Thu, May 31, 2018, 7:30 PM UTC

swebs wrote: post #91

jimhefferon wrote: post #53

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.

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?

Post by ptvermonter » Thu, May 31, 2018, 9:05 PM UTC

PaulHoule wrote: post #33

Lots of hills and low population density. I bet it is hard to get good internet in Vermont. Universal access to broadband would matter more than anything else.

Post by JBReefer » Thu, May 31, 2018, 10:47 PM UTC

intrasight wrote: post #72

ChuckMcM wrote: post #17

Earlier quoted context omitted.

As we are talking about living and working in Vermont on a technology focused news aggregation site, I would call that a success. Part of the reasoning given in the article is to shore up the "rapidly sinking tax base" of the state and it reminds me that we don't have a good example of governments that both grow and shrink based on the economic activity of the state. That is something that could really help areas rem…

US governments aren't very good at this - because they don't bank the good times. How many US governments have "Sovereign wealth funds"?

Post by bogomipz » Thu, May 31, 2018, 10:54 PM UTC

Spooky23 wrote: post #152

bogomipz wrote: post #140

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,..." Can you elaborate on the slow death spiral of agriculture part? Are you talking about the effects of globalization factory farms or something else specific to Vermont/Northesat?

Sure. Dairy is dying for various reasons, and supplemental sources of income like Maple sugaring are impacted by climate change. Vegetable businesses are tough as well as plots are small and you cannot compete with massive agribusinesses in California and South America.