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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

#71

Post by logfromblammo »

wil421 wrote: post #54
ggg9990 wrote: post #15

Northern New England will have to get its heroin problem under control before it will be appealing to the “remote programmer moving to rural area for peace and quiet and lower cost of living.”

Right and the massive homeless/drug problem in California is preventing folks from moving to SF.

It's not the only reason, but that's one of the reasons why I won't move to SF.

There are a lot of reasons why I won't move to a lot of places. Mainly, they're money-related, but it's a big world, and it often pays to be somewhat selective regarding the location issues that concern you most.

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

#72

Post by intrasight »

ChuckMcM wrote: post #17
unit91 wrote: post #6

From the law: > (3) The Agency shall award grants under the Program on a first-come, first-served basis, subject to available funding, as follows: (A) not more than $125,000.00 in calendar year 2019... With such a small budget, it seems like the actual intent may have been to allocate up to $125K to generate advertising about their state. https://legislature.vermont.gov/assets/Documents/2018/Docs/B...

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"?

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

#73

Post by russell_h »

NeutronStar wrote: post #51
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…

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.

Under the new federal tax law there is a $10k limit on how much state tax may be deducted from your income for the purpose of calculating federal taxes, and by opting in to this deduction you opt out of your "standard" deduction which is $12k for an individual or $24k for a married couple.

Under some circumstances it may still make sense to take the up-to-$10k deduction, because it may be combined with other deductions which will add up to more than the standard deduction, but for someone paying much less than $10k in state taxes it is probably more advantageous to simply take the standard deduction, and for someone paying much more than $10k the deduction may only represent a small portion of their state taxes.

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

#74

Post by 0xfaded »

unit91 wrote: post #6

From the law: > (3) The Agency shall award grants under the Program on a first-come, first-served basis, subject to available funding, as follows: (A) not more than $125,000.00 in calendar year 2019... With such a small budget, it seems like the actual intent may have been to allocate up to $125K to generate advertising about their state. https://legislature.vermont.gov/assets/Documents/2018/Docs/B...

Likely a pilot program, the cost of administering the program provably exceeds the 125k itself.

I've just received my Danish startup visa. It may seem that every European country is trying to hand these out like candy, but my batch was capped at 50 visas.

It makes sense to start these types programmes out small and observe the ramifications. Cash-for-clunkers is a good example of a large scale program going wrong, where massive funds were allocated to buy back unused cars.

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

#75

Post by superplussed »

Spooky23 wrote: post #56
gk1 wrote: 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…

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...

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

#76

Post by intrasight »

unit91 wrote: post #6

From the law: > (3) The Agency shall award grants under the Program on a first-come, first-served basis, subject to available funding, as follows: (A) not more than $125,000.00 in calendar year 2019... With such a small budget, it seems like the actual intent may have been to allocate up to $125K to generate advertising about their state. https://legislature.vermont.gov/assets/Documents/2018/Docs/B...

Even adding a zero to that budget would have little effect. Demographics is an existential crisis and should be budgeted for accordingly.

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

#77

Post by amichal »

I can't resist. We are here with tech jobs waiting.

http://www.greenriver.com/jobs

Edit: On the article: COL is similar to Boston in Brattleboro (for the nice lifestyle that we expect as devs) but in different areas. You need a car for any real transportation and while rents and house prices are less other things are more (internet, heat, etc). There are 3-4 cafes not hundreds. There is a surprising amount of art and theater events and you discover that folks do some amazing things here in the woods. e.g. Parts for the Mars Rovers were made 100ft from my desk. My kids can take circus classes from former Circ du Soleil leads down the street. As a kid I took ski jumping lessons a mile from here from a Olympic medalist. And folks have weird job histories. The woman who runs the stables where my daughter takes horse back riding lessons was a developer on HP-UX in the early days

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

#78

Post by saudioger »

ggg9990 wrote: post #14
zellyn wrote: post #10

$10,000 is less than what Silicon Valley firms will cover just for relocation. I guess if you're thinking of doing it anyway, it could push you over the edge. ¯\_(ツ)_/¯

It’s not going to make anyone move to a cabin in the woods. But if you have already decided to move to a cabin in the woods, it might make you pick Vermont over New Hampshire.

Vermont has higher property taxes, income taxes, and sales taxes. If $10k can sway you, you're very short-sighted.

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

#79

Post by ErikAugust »

I'm a University of Vermont alum, and worked there for several years after college.

The IT (and "professional") economy is quite weak. There's a couple bigger web companies, however I know at least one of the biggest off-shores development.

Otherwise, a lot of the professional economy is just satellite of the tourism industry.

I read recently the superintendent of Burlington schools (Burlington being the big city in Vermont where the university is located) was traveling to China to help recruit high school students.

It's a beautiful, mostly rural place - but it's not surprising these initiatives are being taken.

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

#80

Post by mehly »

ggg9990 wrote: post #15

Northern New England will have to get its heroin problem under control before it will be appealing to the “remote programmer moving to rural area for peace and quiet and lower cost of living.”

There are drugs everywhere.
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