Originally Posted by
RippinClapBombs
Idk about that… I’d love to see your math. Funny how you selected CA over New Jersey, Illinois, Connecticut, New Hampshire. That’s cool though let’s play with the numbers.
Quick math on a $1,000,000 property you’re paying roughly 10k in CA vs 20k in TX. State tax in California single filers pay 11.3% and joint filers pay 10.3%. In your comparison a joint filer making 500k would pay 52k in CA state taxes vs $0 in TX.
Here’s where it gets almost comical — average house price in Los Angeles 1.1m vs 320k in Dallas. So basically I can get a larger house in Dallas for less than half the price wiping out the extra 1% I’m paying on property taxes vs California.
I played this game too and no matter how you slice it Texas is still much cheaper and more affordable than California. There’s a reason people are leaving NY and CA for Texas and Florida and it’s not just cheaper cost of living too.