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That isn't necessarily a robust analysis of cost trade offs. A good example of how this can be inaccurate is Texas which has a reputation as a relatively low t
by m0llusk 7y ago
That isn't necessarily a robust analysis of cost trade offs. A good example of how this can be inaccurate is Texas which has a reputation as a relatively low tax state, but in order to fund its considerable road network levies extremely high property taxes which in turn trigger higher rents than might be expected. New Hampshire has a similar situation with low taxes being made up for with high property taxes which pay the cost of rebuilding the roads which are ripped up seasonally by frost heaves and geologic activity.
Ultimately people demand basic services which have to be paid for. Eliminating one source of funding may reduce the overall burden but more likely simply shifts funding.
- walshemj 7y agoUS property taxes (even in lower cost states) are huge compared to the UK's council tax.
- mokus 7y agoIsn’t this just another example of what you’re replying to? UK’s VAT sounds appallingly high to American ears too, but it isn’t really meaningful to compare a single type of tax in isolation.
- walshemj 7y agoThe max council tax on say a 10 million pound mansion is around £4k - which from chats with some one living in one of the cheaper states is less than a basic 4 bed house.
- mattkrause 7y agoRight, but other taxes make up for it. Sales tax in many states is between 5-10 percent; the UK VAT is 20%. The top income tax bracket in the UK is a bit higher (45%) than in the US (37%) and the National Insurance Contributions are often larger than FICA (etc). The UK also has (e.g.) a TV tax, which the US doesn't.
- walshemj 7y agoLooking at headline levels doesn't always work especially if your middle class, Share options are taxed much less harshly you get pension tax relief at your effective rate. we don't have to pay some one to do our taxes either.
- rayiner 7y agoExtremely high relative to what? Houston’s property tax rate is half of San Francisco’s, and a bit lower than where I am in suburban Maryland.
- cylinder 7y agoNo it's not? Property taxes on a home in the Houston area will range from 2.3% to 3% of the appraised value per year. That includes improvements on land and it's not prevented from rising every year with the value of the house.
- deleted 7y ago[deleted]
- mattkrause 7y agoAnd many of these services are fairly essential, so if your taxes aren't covering them, you'll end up paying out of pocket for them anyway. This can be something like fire protection (e.g., if you live somewhere unincorporated) or healthcare (e.g., US).
- patthebunny 7y ago> That isn't necessarily a robust analysis of cost trade offs Considering it's 100% complaining about taxes and has zero analysis, yeah.