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Glad you have that luxury, CA has some of the highest taxes anywhere and I would definitely be opposed to more.
by __realtime 10y ago
Glad you have that luxury, CA has some of the highest taxes anywhere and I would definitely be opposed to more.
- Upvoter33 10y agoum, not really. the property taxes are so broken that many people own multi-million dollar homes and pay for them as if they were worth nearly nothing. that said, sales tax and state tax rates are high, so if you just mean that, you are right.
- sharkmerry 10y ago>> that said, sales tax and state tax rates are high, so if you just mean that, you are right. This is a result of the property taxes being fixed(ish) though, isnt it? Since they cant get true value from that, they have to raise other taxes to make up for it.
- acdha 10y agohttps://taxfoundation.org/state-and-local-sales-tax-rates-2016/ https://taxfoundation.org/state-and-local-sales-tax-rates-20... “The five states with the highest average combined state and local sales tax rates are Tennessee (9.46 percent), Arkansas (9.30 percent), Louisiana (9.0 percent), Alabama (8.97 percent), and Washington (8.90 percent).”
- refurb 10y agoThat analysis ignores the income brackets. If I have the choice of living where the state income tax hit 8% at $50K vs. %9 at $200K, I'd gladly live in the state with the "higher" state income tax rate.
- acdha 10y agoThat wasn't the question, however, any more than the far more important question of what you get for those taxes.
- jpobst 10y agoTennessee has no income tax, so I'll gladly take 9.46% sales tax and no income tax over California's 8.48% sales tax plus 1% - 13.3% income tax.
- 824ueirwfjd 10y agoon top of 40% federal tax rate for highest bracket... why would anyone want to start a business in CA?
- DrScump 10y agoMost Californians live in areas with sales surtaxes, ending up at as much as 9.75%: http://www.boe.ca.gov/app/rates.aspx?LETTER=S&LIST=CITY http://www.boe.ca.gov/app/rates.aspx?LETTER=S&LIST=CITY
- r00fus 10y agoYou're free to leave anytime. Why haven't you? If you have, then your opinion is moot.