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outlawauron said:
Slimebeast said:

What do you mean Texas has no income taxes?

If I make let's say 50,000 Dollars a year in Texas versus New York, what's the difference in how much money will end up in my pocket after taxes?

New York has a ~9% state income tax, so you'd be $4500 richer immediately. Federal income tax is ~18% for that income iirc. You can also click here to measure these things.

 

New York also has a lot of local taxes that do not exist in most other states. The only thing that is taxed highly in Texas is property. That pays for almost of the public services though, and people generally don't mind because the schools are good, infrastructure is built quickly, and there are a lot of things to do.

Wow, interesting. Almost a 10% difference in taxation.

I was a bit depressed at first when this thread was created, getting the impression that Texas is just backwards and evil, but it's interesting to hear another perspective, that Texas is in many ways successful while being so different from the rest of the country in economical policy.