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Started By
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re: States without income tax - how much of an effect does it have on standard of living?
Posted on 2/21/18 at 7:58 am to StringedInstruments
Posted on 2/21/18 at 7:58 am to StringedInstruments
My property tax was $9,000 last year.
Posted on 2/21/18 at 7:58 am to LSUintheNW
10% sales tax on top of property and income taxes
I'll take Dallas property taxes and live in a school district that I wouldn't hesitate to send my children
I'll take Dallas property taxes and live in a school district that I wouldn't hesitate to send my children
Posted on 2/21/18 at 8:00 am to TH03
quote:But isn't rent higher as well because the owners of the buildings or homes have to account for the high property taxes?
Basically just property taxes. Stuff isn't any more expensive in Dallas than in other similar areas. Sales tax is still just 8.25%.
If you have kids and live in a good school district, the property taxes are worth it. And if you rent, you don't pay them.
This post was edited on 2/21/18 at 8:11 am
Posted on 2/21/18 at 8:01 am to Jobu93
quote:
Make no mistake you pay one way or another.
Yeah, but the nice thing about property taxes is you get to decide how much you're going to pay. Want lower taxes? Buy a reasonable home.
Posted on 2/21/18 at 8:01 am to Dam Guide
quote:
Louisiana butt fooks
Try Oregon pal.
9% income tax and property taxes comparable to WA state where there's only on average 9% sales tax and no income tax.
Oregon goes in dry compared to LA.
Not even mentioning fishing/hunting licenses.
Only thing LA has is ridiculous insurance rates.
Posted on 2/21/18 at 8:03 am to StringedInstruments
You really only benefit if you rent or live in a low COL area within a state that has no state income tax
Posted on 2/21/18 at 8:03 am to TH03
quote:
I'll take Dallas property taxes and live in a school district that I wouldn't hesitate to send my children
BOOM!!!!
Some baws in another thread were quoted with spending 14k on ONE kid in BR.
That one kid costs more than a 3400 sqft McMansion property tax!!!
Posted on 2/21/18 at 8:05 am to 50_Tiger
quote:
BOOM!!!!
Some baws in another thread were quoted with spending 14k on ONE kid in BR.
That one kid costs more than a 3400 sqft McMansion property tax!!!
Most parents of High Schoolers pay $8k/kid but there are certainly schools in the $14K range. I moved to a good school district in the burbs for that exact reason.
Posted on 2/21/18 at 8:05 am to MontyFranklyn
quote:
But isn't rent higher
It really isn't though, at least in Dallas. That's what I've said. It's lower than New Orleans, Houston, not too much higher than baton rouge, lower than Charlotte, I could go on but I'm tired of googling.
Posted on 2/21/18 at 8:07 am to crazyLSUstudent
quote:
You really only benefit if you rent or live in a low COL area within a state that has no state income tax
I lived in Knoxville and now live in Chattanooga, both renting and owning homes. I’ve saved a ton of money in taxes if I considered living in similar areas in Louisiana. This is full of shite for Tenn.
Once you factor in car and home insurance (I’m from south Louisiana,) the savings in Tenn are crazy.
This post was edited on 2/21/18 at 8:11 am
Posted on 2/21/18 at 8:08 am to StringedInstruments
You still pay basically the same amount, just through different means. About the only way to really "win" is to live in a shithole part of the state with incredibly low land value, but somehow still make a ton of money. The nice thing for me at least is that I pay high property taxes at the county level, but it seems to be put to good use in my local area (parks, schools, maintenance, etc.). Whereas at a state income tax level, you pay even if you live in that shithole area and don't reap the benefits.
Posted on 2/21/18 at 8:08 am to StringedInstruments
I doubt seriously id be paying 6K in state income tax, but I prefer it this way. Seems like I pay for my slice of Texas which I control somewhat. I could live into a cheaper house, etc. Could always get a less paying job with income tax, but that is a perverse incentive.
Posted on 2/21/18 at 8:17 am to LSUintheNW
When did Oregon get sales tax? I was stationed in Coos Bay (Coast Guard) and there was no sales tax. Washington & California did not collect sales tax if you showed a Oregon driver's license due to bilateral agreements. I was a legal Florida resident due to military exemption, so I didn't pay Oregon income tax. It was nice to keep my own money.
Posted on 2/21/18 at 8:19 am to mworld938
quote:
When did Oregon get sales tax?
We don't have one. Eta...although that stupid bitch Brown would love to implement 1. She's done nothing but raise taxes in other ways and call them fees to get around needing a vote since the taxes they've tried to pass haven't been passed.
quote:
Washington & California did not collect sales tax if you showed a Oregon driver's license due to bilateral agreements.
Still that way.
This post was edited on 2/21/18 at 8:23 am
Posted on 2/21/18 at 8:22 am to AUCE05
quote:
They just make it up with property tax.
Moved from Prairieville, LA to central Florida and property taxes aren't that much higher.
They make up the difference by tons of toll roads and all the out of towners that drive em.
This post was edited on 2/21/18 at 8:26 am
Posted on 2/21/18 at 8:25 am to LSUintheNW
Gotcha. I misread your post. You said 9% income tax and not sales tax. Oregon is a weird state. I liked the Bend/Sunriver area and Newport was cool. Don't miss the weather or the Coosalopes.
Posted on 2/21/18 at 8:25 am to ksayetiger
quote:
So rent?
I would only considering renting under a few circumstances. I have always purchased a house/condo in an area where I thought I could later turn a profit. You get to build equity.
Posted on 2/21/18 at 8:28 am to mworld938
quote:
I liked the Bend/Sunriver area
Still trying to find my way there permanently.
Posted on 2/21/18 at 8:29 am to CoachChappy
quote:Yes, but it doesn’t more than make up for it.
Their property taxes are higher
Here is a basic example:
If you own a home assessed at $220,000 and have an income of $150,000, you would pay:
In Houston: $4,970 in property tax
In New Orleans: $1,628 in property tax and $7,750 in state income tax for a total of $9,378
So you’d be paying $4,408 more in New Orleans than Houston if you make $150k and have a $220k home.
Posted on 2/21/18 at 8:29 am to StringedInstruments
If you bust your tail and make decent money, it's awesome.
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