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that logic only works if you're saving a large fraction of your paycheck. If you're spending most of your paycheck, that invariably winds up getting taxed someh
by ThrustVectoring 6y ago
that logic only works if you're saving a large fraction of your paycheck. If you're spending most of your paycheck, that invariably winds up getting taxed somehow, and only the overall state tax revenue fraction matters.
- gnicholas 6y agoIt's true that states need to get revenue from somewhere, so property tax rates may be higher. But the property costs are so much lower, even high rates would result in lower tax burden. Basically, other states do not necessarily raise as much revenue as CA overall. CA provides lots of services (which you may or may not use), which contributes to the high overall taxation.
- ThrustVectoring 6y agoIt depends on a ton of variables, but it can be boiled down to two: how the tax is distributed based off of various demographics, and how much total tax is levied. Unless you have some reason to believe that the tax distribution is better for you - for instance, if you save half of your paycheck and are moving to a state without income tax - then the only thing that matters is the overall level of taxation.
- Retric 6y agoThat really depends on spending habits. If you travel out of state regularly then you receive the same benefit as savings. On top of that State spending and the relative tax burden on each income range can also vary significantly.