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This confirms my rule-of-thumb: Red states are bad for poor folks. Blue states are better for poor folks. “ Texans in the bottom 20 percent of income earners —
by gigatexal 4y ago
This confirms my rule-of-thumb:
Red states are bad for poor folks. Blue states are better for poor folks.
“ Texans in the bottom 20 percent of income earners — those earning less than $20,900 — pay 13 percent of their income in state and local taxes, while those in the top 1 percent of income earners — those earning $617,900 or more — pay only 3.1 percent.
In California, the bottom 20 percent of income earners — those earning less than $23,200 — pay 10.5 percent in state and local taxes, while the top 1 percent — those earning $714,400 or more — pay 12.4 percent.”
- Ferrotin 4y agoThis doesn’t account for California’s regulatory impoverishment. Housing is cheaper in Texas.
- deleted 4y ago[deleted]
- bogota 4y agoWay cheaper but the taxes on it are also high
- larsiusprime 4y agoHousing is cheaper (to buy) because the taxes on it are high
- Ferrotin 4y agoThere are a lot more reasons than that.
- throwaway0asd 4y agoNot that high.
- gigatexal 4y agoWell yeah. When powerful folks like Marc Andreesen are secretly fighting affordable housing starts that’s not going to help anyone.
- Ferrotin 4y agoIsn’t his wife’s family in commercial property? So he’d be naturally aligned in favor of building housing any place they have commercial property. Not “affordable housing” which is a tax that makes less construction happen, but cheaper housing for everybody.
- jfim 4y agoIt doesn't help, but I doubt he's single handedly responsible for the housing crisis in California though. There are many things that cause housing in California to be expensive (proposition 13, rent control, the excessively bureaucratic processes for building additional housing, single use zoning, etc.), and all of them need to be addressed.
- vel0city 4y agoNot even just housing. Everyone in Texas is freaking out about current electricity pricing going sky high to ~14c/kWh. What's the rate you'll get from PG&E again? Gas is ~$3.45/gal around me. Looks like gas around LA is ~$4.79/gal. $1.34/gal difference at the moment. A 25mpg car going an average 13,500 miles in a year, that's $723 more expensive in CA than TX right now. According to their data, the difference tax rate between the two is like 2.5% for the lowest group. 2.5% of $20,900 is $522.50. So congrats, you paid less in taxes but ended up paying $200 more in the end just factoring in fuel cost differences.
- ur-whale 4y agoSo the solution is park all poor people in blue states?
- gigatexal 4y agoNo no. Just seems blue states seem to do more for them than the red states do. That’s all. Nobody is advocating forced moves but if I were in such a situation the politics of the state and the services available would be paramount to my choice to where to go as well as the opportunities for fair housing and good jobs.
- bonestamp2 4y agoI don't think he was suggesting it as a widespread solution, more of a personal decision making model.
- bogota 4y ago
- gigatexal 4y agoI’m a bit bored so I may or may have stirred the pot a bit. ;)
- asdff 4y agoNot to mention the externalities that don't fall into taxes. E.g. If you are poor in a red state and you get caught with pot, that's going to hurt you pretty bad. If you want an abortion, now you need to travel to another state. If you want an education from a stronger public university system found in blue states, now you pay out of state tuition.
- LorenPechtel 4y agoLook at the source--the distribution of tax doesn't follow red/blue very well.
- solidsnack9000 4y agoCalifornia is not better for working people because the cost of living is higher, in aggregate -- counting taxes together with everything else. You may be paying less property tax indirectly when you pay 3000 USD/month for a studio that would be less than 1500 USD/month in Texas; but you're paying massively for policy decisions around land use, permitting and zoning.