Re:Marginal income tax rates for a single California residen...
by tomsaffell on Thursday May 13, 2010 @01:25AM
(#1343377)
You're right - property taxes (which I forgot about) probably outweigh council taxes.
But regarding the correlation, I find it very hard to believe that within a borough, those with higher income dont on average pay more council tax, no matter your two exceptions ;) (see my other comment)
Re:Marginal income tax rates for a single California residen...
by petercooper on Thursday May 13, 2010 @01:40AM
(#1343410)
In the South East and London, you're probably right. It's difficult to define, though, with the ways council tax can be divided up on a per-person basis.
In my county, I think my argument stands. Only 6% of the population is 25-35 and 40% is 60+. As a rather work poor area, nearly all of the expensive houses are owned by people who no longer work :-) This is life oop North!
Re:Marginal income tax rates for a single California residen...
by tomsaffell on Thursday May 13, 2010 @01:48AM
(#1343432)
Yeah, that's probably fair - when you have an unusual mix of ages the correlation probably isnt there. Whereabouts Oop Nerth are you?
Re:Marginal income tax rates for a single California residen...
by petercooper on Thursday May 13, 2010 @03:07AM
(#1343559)
Rural Lincolnshire. I believe there's one other frequent HN user around these parts :-) (I'm from London but my wife is from here, and I kinda like it now!)
Whilst council tax is not income based, it does correlate with income
I don't think that's true. I'm a higher rate taxpayer and I'm in band A, the lowest band, whereas most of the people I know with high council tax bills are retired or otherwise coming to the ends of their career (on not much pay).
That said, council tax isn't relevant here since American homeowners typically pay property taxes as an equivalent (and property taxes tend to be higher than council tax).