Re:What’s Behind the Ballooning Upper Middle Class? Education
by gozur88 on Sunday July 17, 2016 @04:50PM
(#12111757)
I don't think it's at all hyperbolic once you take taxes into account. Between state and federal the difference is something like $60k, depending on your situation. That's over a third of the difference and we haven't actually taken actual cost of living into account yet.
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Re:What’s Behind the Ballooning Upper Middle Class? Education
by douche on Sunday July 17, 2016 @05:45PM
(#12112027)
Just moving between Maine, which has not-particularly-onerous state income taxes, and New Hampshire, which has none, I had nearly 10% more going into my bank account each pay period.
It amazes me that Texas and Florida professional sports teams aren't overwhelmingly dominant, given that the contracts that they can pay athletes are effectively 10-25% better than other states, due to lack of state income tax.
Re:What’s Behind the Ballooning Upper Middle Class? Education
by 1986 on Sunday July 17, 2016 @08:04PM
(#12112521)
Professional athletes, though, end up having to pay tax in the jurisdictions they play in on the road:
https://en.wikipedia.org/wiki/Jock_tax
Re:What’s Behind the Ballooning Upper Middle Class? Education
by douche on Sunday July 17, 2016 @08:08PM
(#12112540)
Wow, that is an idiotic tax policy. Of course it originated in California...
Re:What’s Behind the Ballooning Upper Middle Class? Education
by vacri on Sunday July 17, 2016 @09:58PM
(#12112858)
From an outsider's viewpoint, the entire US tax system is idiotic, fragmented, hard to understand, and predisoposed to creating conflict.
Re:What’s Behind the Ballooning Upper Middle Class? Education
by ForHackernews on Monday July 18, 2016 @05:08AM
(#12113945)
Why is that idiotic? It seems pretty sensible to me that you'd pay tax where the money was earned.
To take a simplified example, if you lived in low-tax Nevada, but traveled to high-tax/high-population California to play shows, you're earning money based (at least in part) on the large audience in California. Why shouldn't you pay California part of that revenue?