Slimebeast said:
haxxiy said:
No state income tax, I believe there is still a federal income tax and (perhaps?) a local income tax.
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"Federal" as in nation-wide, determined by the government?
And "local" as in the city/community you live in?
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Correct on both. Federal is the US government as a whole. Local taxes would be judged by each individual city. Most of that is reflected in taxes on property or specific goods (cigarettes, sugary drinks, etc).
Slimebeast said:
outlawauron said:
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.
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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.
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Well, it's huge state in both population and size (it's ~700k square km, which is nearly twice the size of Sweden with ~28m people). It's a incredibly popular state for people to move to in order to escape the higher taxes and regulations of states like California.
