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Californians actually pay lower overall taxes compared to other states due to low property taxes. Also, my power in San Francisco has probably been out for no

Californians actually pay lower overall taxes compared to other states due to low property taxes. Also, my power in San Francisco has probably been out for no more than 6 hours over the last 10 years. I don't know how many 9s that is, but it's more than 1.

giantg2 3y ago
This seems to indicate otherwise https://www.prudential.com/financial-education/tax-burden-by-state https://www.prudential.com/financial-education/tax-burden-by...
- anonymouskimmer 3y ago
  Mileage varies a lot in California. A high-income single person who just bought a place is paying a lot more than an older couple who have lived in the same home for 4 decades. To critique your link based on its footnotes: > 1 Calculated based on “State Individual Income Tax Rates and Brackets for 2020” from the Tax Foundation and “Median Household Income by State: 2018 and 2019” according to the U.S. Census Bureau. What is the distribution of households in each state by marital and dependent status? > 2 Calculated based on “Property Taxes by State” from WalletHub and “Median Home Values Across the U.S.” from Experian. Various propositions in California affect actual property taxes. In the chart in your link the property tax tax burden is shown the same for California and Texas based on Median income, but the actual property tax rate in Texas is almost double that in California (at least last I checked, a couple of years ago). Housing in California has just been more expensive compared to income, which is a con in affordabilty, but a pro in net worth for property owners (especially those who have owned for a long time, and thus pay lower taxes on their primary residence). I've got nothing to say about the sales tax burden, except to wonder how much of the "per capita personal consumption expenditures" are taxable transactions, and how much aren't. I've got no clue here though.
WalterBright 3y ago
This article disputes your claim: https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494 https://wallethub.com/edu/states-with-highest-lowest-tax-bur...

giantg2 3y ago

This seems to indicate otherwise https://www.prudential.com/financial-education/tax-burden-by-state https://www.prudential.com/financial-education/tax-burden-by...

anonymouskimmer 3y ago
Mileage varies a lot in California. A high-income single person who just bought a place is paying a lot more than an older couple who have lived in the same home for 4 decades. To critique your link based on its footnotes: > 1 Calculated based on “State Individual Income Tax Rates and Brackets for 2020” from the Tax Foundation and “Median Household Income by State: 2018 and 2019” according to the U.S. Census Bureau. What is the distribution of households in each state by marital and dependent status? > 2 Calculated based on “Property Taxes by State” from WalletHub and “Median Home Values Across the U.S.” from Experian. Various propositions in California affect actual property taxes. In the chart in your link the property tax tax burden is shown the same for California and Texas based on Median income, but the actual property tax rate in Texas is almost double that in California (at least last I checked, a couple of years ago). Housing in California has just been more expensive compared to income, which is a con in affordabilty, but a pro in net worth for property owners (especially those who have owned for a long time, and thus pay lower taxes on their primary residence). I've got nothing to say about the sales tax burden, except to wonder how much of the "per capita personal consumption expenditures" are taxable transactions, and how much aren't. I've got no clue here though.

WalterBright 3y ago

This article disputes your claim: https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494 https://wallethub.com/edu/states-with-highest-lowest-tax-bur...