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by taormina
657 days ago
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As a Texan, who has considered moving to California many times, this is laughable. I pay maybe $10k-$11k in property taxes (https://tax-office.traviscountytx.gov/properties/taxes/estim...). I work for myself at the moment, but if I took my previous salary of $200k and earned that in CA instead, I would owe CA closer to $15k, and I'm not grandfathered into prop 13. Never once in my career has the math made any sense for living in CA over TX from a tax perspective. And you if you don't own your property, you don't owe TX anything. |
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In addition to being fewer dollarbucks out of my pocket, I had confidence that that money was going to be used closer to my own community.
(All of this is to say nothing of TX having no capital gains tax, which pushed the move from being kind of a wash to being a slam dunk.)
I didn't end up actually moving there for personal reasons, and having done all this analysis makes the California taxes all the harder to stomach.