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When I took a job in Dallas my hourly rate was less than that of my job in Kansas City, MO. But my take home pay was higher for working the same amount of hour
by Artistry121 11y ago
When I took a job in Dallas my hourly rate was less than that of my job in Kansas City, MO. But my take home pay was higher for working the same amount of hours. Why? MO took 7% out of my salary for state taxes.
For a family making $50,000 (simplified) that's worth $3,500/year and everything else in Texas provided by the government seemed equal - the roads were nice, schools were good, crime wasn't noticable...
So $3,500 a year for no noted improvement in life? That can help pay for college for children, buy a car or nice new technology, or increase retirement savings or charitable expenditures.
- Nicholas_C 11y agoWhat about cost of living? And Dallas has much higher property taxes from what I've heard.
- Artistry121 11y agoI'm not familiar with property taxes. Dallas is a collection of cities and counties all around one center - its sprawling so I bet taxes vary. My anecdotal experience between the two cities is that Dallas is more expensive in the downtown area than KC but once you get into the suburbs the massive amount of development in Dallas brings prices down quickly so suburban living costs are similar.
- TheCoelacanth 11y agoLocalities in the Dallas area charge 2-3% of the market value of the property[1]. KC charges ~%0.3 of the market value (1.59% of the "assessed value" which is defined as 19% of the market value for residential properties)[2]. So, yeah, the property taxes are much higher in Dallas. [1] http://www.davedowns.com/dallas-property-tax.htm http://www.davedowns.com/dallas-property-tax.htm [2] http://kcmo.gov/finance/property-taxes-2/ http://kcmo.gov/finance/property-taxes-2/