[anonymousiam]

I'll agree with everything you've said except the part about low property taxes. I pay about 20% more in property tax on my Vegas house than I do for my LA one, and the LA one is worth about 40% more. The main reason for this is the lack of a Nevada state income tax.

I get creamed by the SALT cap, but I'm not in favor of repealing it, because it rightfully punishes states that aren't fiscally responsible.

[gamblor956]

The "fiscally irresponsible" states provide more tax dollars to the federal government than the "fiscally responsible" states, all of whom would be completely insolvent without the extra tax dollars they receive from the federal government.

The fair alternative to not eliminating the SALT cap would be to allocate federal dollars spent by the amount of tax dollars paid by the citizens of that state. But then every GOP state would be insolvent, so obviously that's not going to happen.

[anonymousiam]

I suggest you take a hard look at the policies and economic health of some of the bigger states:

https://www.google.com/search?q=compare+the+economic+health+...

[glenngillen]

I was curious about the difference, and a quick search suggests Nevada has property tax rate of 0.44% and California is 1%. I'm not from the US so wasn't sure why your experience differs from my very brief and naive comparison. Are there multiple layers of marginal rates or something that contribute to the actual property tax rate in each location?

[CrazyStat]

He may be paying a much lower property tax rate in California due to Prop 13, which limits property tax increases to 2% per year as long as the property doesn’t change owners. If you bought a house for $200k in 1990 which is worth $1.5 million today you don’t pay anything close to 1% because of that 2% annual increase cap.