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As if that's not complicated enough, throw in the 10% CA sales tax versus 7% in Iowa. And property tax. Prop 13, Prop 8(?), et. al., can make a considerable dif
by mikestew 7y ago
As if that's not complicated enough, throw in the 10% CA sales tax versus 7% in Iowa. And property tax. Prop 13, Prop 8(?), et. al., can make a considerable difference, as I understand it. Props or not, the total is likely to be higher just because housing is much more expensive in CA. 20% of 200,000 is a lot less than 10% of 1MM.
But in the end, as a WA resident who has given serious consideration to moving to CA and has done this math a few different ways, my gut has a hard time believing Iowa's overall tax burden is comparable to California's. Regardless, maybe it's true or maybe it's not, but is an extra $10,000 in taxes what's really keeping you from picking up and moving? I posit that for most on HN, no, it's a lot of other factors like housing and traffic.
But to the topic at hand, others have pointed out that PG&E is financed by rate payers, not taxes. And CA has some pretty high electric rates. So why are the forests catching on fire?