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If you make $500k, you pay ~$50k in state income taxes in CA. That's ~$4200 per month, which does not seem trivial compared to $0 in TX, FL, NV, WA, etc. That
by onlyrealcuzzo 4y ago
If you make $500k, you pay ~$50k in state income taxes in CA.
That's ~$4200 per month, which does not seem trivial compared to $0 in TX, FL, NV, WA, etc.
That could very well make up a decent portion of your entire spending bill in those states - allowing you to save / invest maybe another 10-20%. This (combined with the lower cost state) could help you retire a decade earlier.
Compared to <$2k per month in GA / Atlanta, it seems like something one might consider.
- jjav 4y ago> That's ~$4200 per month, which does not seem trivial compared to $0 in TX, FL, NV, WA, etc. But you'll have a much harder time finding that 500K job in TX, FL, NV, WA.
- onlyrealcuzzo 4y agoNot if you can take your current job remote to TX, FL, NV, or WA...
- jjav 4y agoIf you can, without a pay cut, do it. You'll live like a king with $500K in FL.