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re: The O-T gives me insight into why the South lags everyone at everything.
Posted on 12/2/17 at 1:54 pm to Azkiger
Posted on 12/2/17 at 1:54 pm to Azkiger
quote:
Actually no, for the upper middle class its probably one of the best areas to live nationally.
You get a good salary with regards to cost of living, and because the federal income tax doesn't change state to state you end up paying less than someone who has the same standard of living in a higher cost of living area.
Still proving my point. You realize why the south generally has a cheaper cost of living right?
Posted on 12/2/17 at 1:57 pm to 13SaintTiger
quote:
Still proving my point. You realize why the south generally has a cheaper cost of living right?
Irrelevant, if you're in the upper middle class you're enjoying a high salary, low cost of living, and low taxes.
Sure, other states have higher pay to adjust for their higher cost of living, but the feds do not care. If you make 100k in Louisiana you pay the same federal income tax as you do making 100k in California.
From a financial standpoint, so long as the Federal Income Tax rate doesn't adjust for cost of living, and so long as you have a good paying job, the south isn't at the bottom of the list with regards to how much expendable income you have.
This post was edited on 12/2/17 at 2:00 pm
Posted on 12/2/17 at 2:23 pm to 13SaintTiger
quote:
You realize why the south generally has a cheaper cost of living right?
Later urbanization = land isn't as scarce.
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