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by mikestew
325 days ago
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It has been my observation that no-income-tax states make up for it in sales tax and/or property tax. Government is getting its cut one way or another. Of course, retirees will want to skip CA altogether with their income tax and ridiculous sales tax. |
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Income tax from progressive scheme nearing 10% to 0%
Sales tax from ~9% to ~8%
Property taxes are hard to pin to a single value, but with housing prices just being lower in general you wind up paying less for similar footage/amenities
While it doesn't mean the observation is fundamentally inaccurate, it's worth keeping in mind that people looking at states with 0% income tax may be coming from a place where they're just getting reamed because work wants them there. If you're not flying under the SALT cap and work is remote friendly it's worth at least looking around.