Viewing a single comment thread. View all comments

ZombiePlaya t1_j9scy8x wrote

Reply to comment by RagingHeretic in [OC] National Divorce by the Numbers (Politics, Demographics, GDP) by tabthough

California couldn't even pay itself, and I looked up Texas, which has a massive surplus in state funds.

I don't live in either, but Texas does look cheaper.

−9

RagingHeretic t1_j9sdxkp wrote

Texas has some of the highest taxes in the U.S., particularly if you are middle class. Nonstate is more expensive to live in than Florida. It's weird how people think no income taxes means cheaper.

8

ZombiePlaya t1_j9sfyec wrote

It has lower state tax, looks like property is cheaper besides the property tax and, price for gas is way cheaper.

Can't really see a no income tax hurting middle class.

−4

RagingHeretic t1_j9sg8ok wrote

Their property taxes are insane...and they assess personal property taxes. You'll pay upwards of $13,000 a year on house where in CA your property taxes cannot exceed 1%. If you're RICH TX is super cheap for you.

8

ZombiePlaya t1_j9sihr0 wrote

Just looked it up and it appears to be a local county property tax the varies a lot it seems.

1

RagingHeretic t1_j9siugw wrote

Effective rate of 0.75%. You're incorrect. We tax the income high earners a lot, though, which is the correct way to do it.

4

KindlyQuasar t1_j9tnij5 wrote

I'm a Texan homeowner. I have a modest 1600 sqft home built in the 80s. I pay about $6300/year in property taxes. My effective property tax rate is 2.47%, which is considered low.

Sources online will tell you that the state average is between 1.6-1.8%, but that is because the "agricultural exemption" is used by very wealthy landowners to reduce their tax burden.

Those over 65 can "lock" their tax rate (and qualify for additional exemptions), so even if the property value doubles they don't pay one extra cent in tax --- shifting that tax burden to the younger generation, of course.

Californians pay less in taxes than Texans -- unless you're in the top 1% of wage earners, then you pay a LOT less in Texas. Source: link

1

ZombiePlaya t1_j9ttqbo wrote

From what it looks like, California and Texas have similar tax rates. It's just that Texas splits it to make up for the no income tax, and California takes it at once.

Pay now or pay later I guess, both have really close class revenues I see as well.

All I can say is that I wouldn't live in either, especially when both I hear have energy problems.

−1