California income taxes

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Quote: I love liberals... you’re so smart and so confident in your smarts and wisdom to even notice that you don’t give two feces about how dumb, yet pompous and arrogant you sound.

You guys are really some kind of special....
I honestly couldn’t care less how upset you get when someone explains that you aren’t oppressed because someone disagrees with you. If that makes you think of me as pompous, that’s your burden.
Quote: I honestly couldn’t care less how upset you get when someone explains that you aren’t oppressed because someone disagrees with you. If that makes you think of me as pompous, that’s your burden.

With all due theatrics, I couldn’t care less.
Quote: With all due theatrics, I couldn’t care less.
yes, that’s what I said.
This thread is full of good information. Just finished taxes. Married filing joint. AGI around 300k. CA effective tax rate 7.05%.
Quote: This thread is full of good information. Just finished taxes. Married filing joint. AGI around 300k. CA effective tax rate 7.05%.
OK, so $21K.....in FL it's $0 and their schools are open to boot!
Quote: OK, so $21K.....in FL it's $0 and their schools are open to boot!
No offense but I didn’t really like living in Florida. My wife also has a ca pension that will pay 3 times that amount plus Medical in retirement so not really worth the 15k after tax in savings. Glad to hear the schools are open though.
Quote: in FL it's $0
Yea, but then you have to live in Florida...

Remember that the 21k is deductible off your federal taxes, so really it’s probably closer to 15k. Then realize your property tax rate is lower, you don’t have to pay highway tolls to go everywhere, and utilities, homeowners, and car insurance is cheaper. Also, If the OP owned a house, his CA effective tax rate would have been closer to 5%).

Live where you want to live. Don’t sweat the little stuff.
Quote: Yea, but then you have to live in Florida...

Remember that the 21k is deductible off your federal taxes, so really it’s probably closer to 15k. Then realize your property tax rate is lower, you don’t have to pay highway tolls to go everywhere, and utilities, homeowners, and car insurance is cheaper. Also, If the OP owned a house, his CA effective tax rate would have been closer to 5%).

Live where you want to live. Don’t sweat the little stuff.

Yup. CA property tax is a pretty good deal. It’s basically 1.1% of purchase price forever. Over time as the value goes up it gets better and better. Helps make expenses in retirement more predictable. My moms house is valued over a million and she pays sub 2k. The state is getting their $ one way or another.
Quote: Yup. CA property tax is a pretty good deal. It’s basically 1.1% of purchase price forever. Over time as the value goes up it gets better and better. Helps make expenses in retirement more predictable. My moms house is valued over a million and she pays sub 2k. The state is getting their $ one way or another.
CA property tax is just about the biggest “F you I got mine” in history. Same people that complain about selling out younger generations through federal borrowing gleefully underpay their property taxes while a person in an identical house next door pays 500% more.


that said, it’s still worth every penny to not live in florida
Quote: CA property tax is just about the biggest “F you I got mine” in history. Same people that complain about selling out younger generations through federal borrowing gleefully underpay their property taxes while a person in an identical house next door pays 500% more.


that said, it’s still worth every penny to not live in florida
Thats the flip side. I pay about 4k but bought 5 years ago. That’s why I mentioned it gets better with time. Now 4k in retirement should be a good deal 20 plus years from now. My mom paying $1800 or so mid eighties wasn’t exactly a smoking deal at the time.
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