Saved a bundle.

Low tax state, wife makes slightly more than what I do. Maxed out our 401k’s (company contribution plus I saved 10%).

We itemized and the biggest cost reduction was getting our AGI below the threshold for AMT. AMT has killed us the last few years.....

 

I’ve never seen a study, but I would think the taxes far outstrip income in those states.

Many people in NY and NJ and Cali would pay 5x as much in property taxes for a house like mine. I don’t think they make 5x as much as our state’s average income though.

The problem is certain states have just become incredibly bureaucratic and inefficient. Those states don’t provide any goods or services to justify anywhere near that cost

 

Ok so you've never actually looked it up but just repeat the rhetoric.

For starters:

https://apnews.com/2f83c72de1bd440d92cdbc0d3b6bc08c

Just because you earn a lot in a low tax state doesn't mean most in your state do. In fact, it's quite the opposite.

Due to the the progressive nature of income taxes the income earned and taxes paid aren't linear. In a lot of "low tax" states the MFJ deduction with kids credit takes care of the vast majority of their tax burden!

Part of the reason those states have higher taxes is because of the cost of living. Here in NC, we start our cops off around $35k a year rising to $60k. Try to find someone on Long Island to put their life on the line for $35k!!!

 

It is only going to get worse when the Dems take over completely. We are all going to be working for 50 cents on the dollar....if we are lucky

But yeah, people need free phones, gas, housing, cookies, health care, college grants, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, free pet insurance, free shoes, free vacations, free, free, free, free, free, free, free EVERYTHING!

Can you tell who just got done with his Federal, State, School Income tax, local property taxes, and local income taxes? I am moving to Florida or Texas to get away from some of it but cant escape the feds unfortunately.

 

Low state taxes, took the standard deduction for the first time in many years, earned $25k more in taxable income, paid $6k less in taxes. I'm a fan of this trend.

 

Check property taxes before making the leap. TX has very high property taxes.

 

But no State tax

 

My prop taxes are 3K on my 115K house. it’s all about the valuation.

 

You have to be careful about that article and stats on that kind of stuff. It's all statistics and if you've ever taken a class in stats, the teacher likely stated on day one that figures don't lie but liars can figure.
Depending on how you slice and dice federal spending, the various studies will either count or not count things like military bases, national parks, social security payments, and other items where there's federal spending but isn't the same as providing food stamps, welfare, Medicaid, etc.

Basically, tell me what you want to prove and I'll make the numbers 'work out' by counting/not counting items that aren't necessarily pertinent to the discussion.

Should we count the $3.5 Billion federal grant to California for their SFO-LA Merced-Bakersfield HSR MSR Low Speed Rail? Should we count payments made to states to build/maintain roads and airports?
Side note: I will be curious to see what it costs CA taxpayers annually to subsidize the operation of the rail to nowhere - I will not be surprised to see the entire project mothballed within a few years of completion.

If you just count everything, it distorts the numbers. If you totally cherry pick what you include, it distorts the numbers.

 

It’s maddening, isn’t it? We moved to Florida. Couldn’t be happier! State taxes in Indianapolis area were astronomical. No going back.

No property tax yet. We are renting until we build.