Thread: Base Seniority
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Old 08-04-2024 | 06:32 AM
  #13  
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Excargodog
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Originally Posted by hummingbear
As I said before, TX is undoubtedly the cheaper place to live, I just get amused when people attribute that to taxes, as Texans pay plenty of taxes. (Of course, comparing income tax vs property/sales/local taxes, is very apples to oranges & varies a lot by individual based on factors like number of dependents, local credits, spending habits, property value, & more.)

No one would deny the overall cost of living is much lower in TX & there are any number of reasons a person would choose to live in either place. I was only speaking very specifically to the idea that state taxes were where the tipping point occurred- it’s much more about real estate & other cost of living expenses.
Overall, state taxes in Texas are about 65% of what they are in CALIFORNIA:

https://www.cpapracticeadvisor.com/2...burden/103495/

But that's on the average. Because the CA income tax is so "progressive" it's even higher than that for couples making over $168,000 annually.

https://states.aarp.org/california/state-tax-guide

And having the California Franchise Tax people after you is very much like being locked in a room with two or three rabid Dobermans...

https://www.forbes.com/sites/robertw...ise-tax-board/


And their projected budget deficit for the out-years just means it's going to get worse:

https://calbudgetcenter.org/resource...17.3%20billion.
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