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re: Avg taxes by state..
Posted on 1/10/19 at 12:06 pm to NYCAuburn
Posted on 1/10/19 at 12:06 pm to NYCAuburn
quote:
Also, with these numbers you cant really compare to each other as they dont start with the same income
or the same property
run the numbers at 100K W2 wages and a 200K house and see what they look like
0
Posted on 1/10/19 at 12:12 pm to Mingo Was His NameO
quote:
Those are called property and sales taxes. They're directly referenced in the OP
Sales taxes vary in every parish and so do property taxes. So if you average property taxes in La. you put EBR in the same pot as Winn parish and the others and get the average. It doesn't tell the whole story.
Where you live in Texas, La. or any state matters.
Posted on 1/10/19 at 12:14 pm to Mingo Was His NameO
quote:
You mean like property or sales tax?
Local sales and property taxes as opposed to the state paying so much like in La.
Posted on 1/10/19 at 12:27 pm to cuyahoga tiger
This article is nothing but click bait. Totally useless.
In addition to what others have stated, there are also "hidden taxes" that are not accounted for.
** Many of the schools in La are poor performers, necessitating private schools.
** La. has among the highest auto insurance rates.
These 2 items alone, would send our real tax rates over the top.
A more accurate depiction of "tax" burden, would be disposable income, using an assortment of wage/family size brackets for each state.
But that requires much more work.
In addition to what others have stated, there are also "hidden taxes" that are not accounted for.
** Many of the schools in La are poor performers, necessitating private schools.
** La. has among the highest auto insurance rates.
These 2 items alone, would send our real tax rates over the top.
A more accurate depiction of "tax" burden, would be disposable income, using an assortment of wage/family size brackets for each state.
But that requires much more work.
Posted on 1/10/19 at 12:30 pm to cuyahoga tiger
Now compare Texas, Florida, and Ohio’s public school rankings to Louisiana’s...
Posted on 1/10/19 at 12:44 pm to cuyahoga tiger
One simple ratio known as the “tax burden” helps cut through the confusion. Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes. And it isn’t uniform across the U.S., either.
To determine the residents with the biggest tax burdens, WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in the state
NY ranked #1 as highest
OH ranked #11
LA ranked #27
TX ranked #33
FL ranked $47
LINK
To determine the residents with the biggest tax burdens, WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in the state
NY ranked #1 as highest
OH ranked #11
LA ranked #27
TX ranked #33
FL ranked $47
LINK
Posted on 1/10/19 at 1:07 pm to cuyahoga tiger
Why are the federal income taxes for each state? Each person must be making a different amount? I'd like to see what a person making $75,000 is making in each location, not what the averages are for each state.
Posted on 1/10/19 at 1:18 pm to 2tigergo
quote:
This article is nothing but click bait. Totally useless.
In addition to what others have stated, there are also "hidden taxes" that are not accounted for.
** Many of the schools in La are poor performers, necessitating private schools.
** La. has among the highest auto insurance rates.
These 2 items alone, would send our real tax rates over the top
These aren't taxes.
Posted on 1/10/19 at 1:19 pm to doubleb
quote:
Sales taxes vary in every parish and so do property taxes. So if you average property taxes in La. you put EBR in the same pot as Winn parish and the others and get the average. It doesn't tell the whole story.
Where you live in Texas, La. or any state matters
You're asking for about the most granular tax study of all time, and the rates across LA aren't all that different so the average is really fine when comparing state to state.
It's not 100% accurate, no study is, but you can get good info from what was posted.
Posted on 1/10/19 at 1:33 pm to cuyahoga tiger
quote:
Louisiana: $11,796.05 in Total Taxes Paid
The one thing I'm above average at
Posted on 1/10/19 at 1:41 pm to Mudminnow
It would be nice to have something like this for the top 200 cities
Posted on 1/10/19 at 1:58 pm to lowhound
Here's a breakdown of an individual making 100K in TX and 100K in Louisiana. Remember no state income tax in TX.
LOISIANA: Salary100,000.00 USD
Federal Income Tax- 15,409.50 USD
State Income Tax- 3,555.43 USD
Social Security- 6,200.00 USD
Medicare Tax- 1,450.00 USD
Total Tax- 26,614.93 USD
Net Pay*73,385.07 USD
TEXAS Salary100,000.00 USD
Federal Income Tax- 15,409.50 USD
Social Security- 6,200.00 USD
Medicare Tax- 1,450.00 USD
Total Tax- 23,059.50 USD
Net Pay*76,940.50 USD
What about taxes on groceries, not sure if people still have to pay that in Louisiana or not now?
LOISIANA: Salary100,000.00 USD
Federal Income Tax- 15,409.50 USD
State Income Tax- 3,555.43 USD
Social Security- 6,200.00 USD
Medicare Tax- 1,450.00 USD
Total Tax- 26,614.93 USD
Net Pay*73,385.07 USD
TEXAS Salary100,000.00 USD
Federal Income Tax- 15,409.50 USD
Social Security- 6,200.00 USD
Medicare Tax- 1,450.00 USD
Total Tax- 23,059.50 USD
Net Pay*76,940.50 USD
What about taxes on groceries, not sure if people still have to pay that in Louisiana or not now?
Posted on 1/10/19 at 1:59 pm to Mudminnow
Where is property tax?
Posted on 1/10/19 at 2:05 pm to LSUFanHouston
quote:
Those numbers are useless without adjusting for income. A richer state is going to pay more than a poorer state, even with the same rates.
Right. One might look at those numbers and conclude you're better off living in Louisiana. Clearly on average you're better off living in TX because you're making substantially more money (and getting more value out of your government)
Posted on 1/10/19 at 2:14 pm to RogerTheShrubber
The wallethub link takes into account property tax.
In my example I used 100K for the salary. Lets say an individual in Louisiana lives in a 300K house in Baton Rouge and the person in TX lives in NW Houston in a 300K house.
Person in LA with the 300K house would have a property tax of $2,500. Person in NW Houston would have a property tax of $5,200.
Remember the no state income tax in TX puts an extra $3,300 in your pocket each year.
Person in LA pays $2,500 in property tax plus $3,300 in state income tax is $5,800. Person in TX pays $5,200.
As a side not including taxes. House insurance cheaper in TX, Car insurance is 1/2, no private school tuition with amazing schools in TX, electric is cheaper due to deregulation.
There is a reason Louisiana was only one of 7 states last year to lose residents and lost over 10,000 (second year in a row of losing population). Where did most of those 10K lost last year move to? You guessed it, the state nextdoor.
In my example I used 100K for the salary. Lets say an individual in Louisiana lives in a 300K house in Baton Rouge and the person in TX lives in NW Houston in a 300K house.
Person in LA with the 300K house would have a property tax of $2,500. Person in NW Houston would have a property tax of $5,200.
Remember the no state income tax in TX puts an extra $3,300 in your pocket each year.
Person in LA pays $2,500 in property tax plus $3,300 in state income tax is $5,800. Person in TX pays $5,200.
As a side not including taxes. House insurance cheaper in TX, Car insurance is 1/2, no private school tuition with amazing schools in TX, electric is cheaper due to deregulation.
There is a reason Louisiana was only one of 7 states last year to lose residents and lost over 10,000 (second year in a row of losing population). Where did most of those 10K lost last year move to? You guessed it, the state nextdoor.
Posted on 1/10/19 at 3:12 pm to cuyahoga tiger
Texas may not have state taxes...but they will rape you right in the arse with property taxes. i paid over 13 grand in property taxes last year
This post was edited on 1/10/19 at 3:13 pm
Posted on 1/10/19 at 3:13 pm to Choctaw
quote:
Texas may not have state taxes...but they will rape you right in the arse with property taxes.
They aren't astronomically higher than Louisiana, and guess what else, you get to choose how much, if any, you want to pay.
Posted on 1/10/19 at 3:14 pm to Mingo Was His NameO
quote:
They aren't astronomically higher than Louisiana
at the very minimum its double
quote:
you get to choose how much, if any, you want to pay.
what? so i can just choose not to pay my property taxes? i don't think thats how it works
This post was edited on 1/10/19 at 3:15 pm
Posted on 1/10/19 at 3:14 pm to Mingo Was His NameO
quote:
These aren't taxes.
Hence "hidden taxes" in quotes.
These items are what responsible people must pay to experience a commensurate comparison of lifestyles relative to other states.
It has a direct impact on disposable income, and that is what is really important to the working class.
Posted on 1/10/19 at 3:18 pm to Mudminnow
quote:Sickening to think we are 27th in tax Burden but nearly dead last in very fricking public function
LA ranked #27
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