State income tax

Math Mudrat

Math Mudrat

250+ Posts
is ******* gay. I get to pay $900 this year for the "privilege" of living on Long Island (aka douchebag headquarters)
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They have that in Kansas as well. I think I paid about 3k- 3.5k this year. It's all relative.

Taxes on my home were 2k and I was looking to move to San Antonio and a house my size there taxes are about 5k a year.
 
I worked in Colorado this summer, where there is state income tax. But i still was paying rent in Houston (which includes the property taxes passed on). It sucked.

CO took a big chunk of my scrilla
 
Actually, states without income taxes have lower overall tax burdens than states with income taxes. That includes higher property taxes and fees and so forth. You still end up paying less in states without income taxes.
 
I'm going to agree with some of the posters above. I would much rather have a state income tax than high property taxes and a high sales tax. What we're doing in Texas is trying to sit on a stool with only two legs. It won't stand.

I would trade the adoption of an income tax for a major reduction of the property tax in a heartbeat. My mother lives out of state and her house is worth almost double what mine is worth and she pays 1/3 of the property taxes that I do.

My gripe about property taxes is that we don't generate income and the ability to pay taxes based on the value of our property, especially residential property. Taxing property might have been a good idea 150 years ago or so when it made a difference whether you had 50 acres or 300 acres on which you were growing wheat, corn, or raising cattle, etc.

But today, you can have a lower property tax burden with a 30'X30' office space operating a million dollar per year business than the taxes I have sitting in my house in Central Austin generating no income from the property, other than increasing appraisals each year. We don't generate income from property anymore. Why do we tax property ownership in this new business climate.

We need to be taxing people who have the ability to pay. An income tax is the best indicator of that.

.......

And, I suppose I'm ok with consumption taxes.
 
I live in Texas and in the past I have worked long assignments in other states. The company that I work for makes us change our tax location once we work in a state over 30 days.Even if it is a temp assignment and we are traveling home on the weekends. Made me mad as hell a couple of years ago to have to pay California state tax because I worked in a California location for 2 months.
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Only seven states have no income tax. Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income.

Five states have no sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. Although some of these states let cities and town impose sales taxes.

LINK to a chart with a comparison of all states by tax burdens as best they could figure. No city data included.
 
I currently live in North Carolina and I can confirm that the overall tax burden in an income tax state is higher. I moved here from Houston where I lived in unincorporated Harris county. Property taxes were relavtively high as was the sales tax.

In North Carolina I get the pleasure of paying 7.5% state income tax (on a significantly higher tax base due to addbacks of Federal deductions) plus property tax that is about 75% of my Texas property tax plus sales tax that is about 95% of the sales tax in Houston (I live in Charlotte which has the highest sales tax in the state due to local options). Oh yeah, the sales tax applies to food as well here (talk about regressive).

Not only does that add up to higher overall taxes, government services suck too. The roads are aweful around here. I've lived here ten years and I honestly can't understand where the money is going.

In reply to:
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I stand corrected. I feel like I pay more taxes down here maybe its just because it was deducted straight from my paycheck.
 
When can we start moving it to a mostly sales tax? For a state with so many "guests" with children that need education and healthcare, I think we need to make sure everyone is paying into the system. Oh wait, are we on West Mall?
 
Yeah my property taxes went down a couple hundred bucks for the year and in a year or two even that will be gone. Meanwhile SOME people want an income tax and the property and sales taxes will not go down for very long. NO NEW TAXES! Income taxes are a terrible way to generate revenue, in fact the federal income tax should be repealed.
 
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