3 ms·

I live with my 5 adult sons because here (rural FL) it requires 4 incomes to afford minimal, basic bills - in a debt-free household.

downrightmike 3y ago
Seems strange for a state with no income tax, that would happen
- WarOnPrivacy 3y ago
  Why? Can you be more specific? Are you thinking that an income tax would hugely impact our overall expenses - say by an amount equal to one or two incomes?
- itake 3y ago
  Florida CoL is driven by out-of-staters (specifically New England snow birds and retirees). earned money out of state and then buy vacation properties or primary residences. No-income tax attracts people living on a fixed income (gained by being employed out of state via Social Security, Pensions, and traditional retirement accounts). Florida income cannot compete with NYC income, even if there is no income tax.
  - WarOnPrivacy 3y ago
    In short we're saying: Market forces responded to lower taxes by sharply increasing the cost of living.
    - itake 3y ago
      Clearly that doesn’t work, bc high cost of living states, like ny or ca. would have lower col Instead we see the opposite.
      - WarOnPrivacy 3y ago
        And yet, that is the thing that happened here. Maybe those other places were affected by factors that exist there.
- quickthrowman 3y ago
  You just end up paying more sales tax and/or property tax in states without income tax. If you don’t directly pay property tax, your landlord does, and they pass the cost onto you. States need money to operate, and they’ll get that money through taxation. I’d actually be curious to see a table that shows ‘tax revenue per citizen’ by state, which includes all personal (non-corporate) taxes.
holoduke 3y ago
Which county?
- WarOnPrivacy 3y ago
  Take your pick. Rents from Monroe to Alachua are sharply higher (from 2019) (>2x higher for us). I've no reason to suspect different for Panhandle counties but they don't make the news often. No counties have been spared from home & auto insurance increases (+80% for us).

downrightmike 3y ago

Seems strange for a state with no income tax, that would happen

WarOnPrivacy 3y ago
Why? Can you be more specific? Are you thinking that an income tax would hugely impact our overall expenses - say by an amount equal to one or two incomes?
itake 3y ago
Florida CoL is driven by out-of-staters (specifically New England snow birds and retirees). earned money out of state and then buy vacation properties or primary residences. No-income tax attracts people living on a fixed income (gained by being employed out of state via Social Security, Pensions, and traditional retirement accounts). Florida income cannot compete with NYC income, even if there is no income tax.
- WarOnPrivacy 3y ago
  In short we're saying: Market forces responded to lower taxes by sharply increasing the cost of living.
  - itake 3y ago
    Clearly that doesn’t work, bc high cost of living states, like ny or ca. would have lower col Instead we see the opposite.
    - WarOnPrivacy 3y ago
      And yet, that is the thing that happened here. Maybe those other places were affected by factors that exist there.
quickthrowman 3y ago
You just end up paying more sales tax and/or property tax in states without income tax. If you don’t directly pay property tax, your landlord does, and they pass the cost onto you. States need money to operate, and they’ll get that money through taxation. I’d actually be curious to see a table that shows ‘tax revenue per citizen’ by state, which includes all personal (non-corporate) taxes.

holoduke 3y ago

Which county?

WarOnPrivacy 3y ago
Take your pick. Rents from Monroe to Alachua are sharply higher (from 2019) (>2x higher for us). I've no reason to suspect different for Panhandle counties but they don't make the news often. No counties have been spared from home & auto insurance increases (+80% for us).