Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by netman21 on Saturday September 07, 2019 @06:07PM
(#20906890)
So true, but as a first pass, the high marginal tax rates in California, Washington, and Wisconsin have to be accounted for as a "cost of relocating." If you are a successful professional you are probably making closer to $250K and the highest marginal rate can apply to that last $150K. So moving from low tax Michigan to high tax California can mean $10,500 more in taxes. Over 20 years that adds up.
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Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by perl4ever on Saturday September 07, 2019 @11:33PM
(#20908445)
For reference, about 1.6% of Americans make $250K or more.
So your definition of "successful professional" isn't quite the proverbial 1%, but it's close enough for government work.
Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by confidantlake on Saturday September 07, 2019 @10:12PM
(#20908157)
250k seems very high to qualify as a successful professional. Very few people will ever make that much.
Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by hellisothers on Saturday September 07, 2019 @11:24PM
(#20908414)
If you are in tech and are considering moving to CA and the income tax difference is actually a deterrent then you shouldn’t move because you are already making a disproportionally huge salary for your region.
In my experience, talking to many many people considering moving to or from CA, the delta in salary coming to CA dwarfs any differences in income tax.
Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by foota on Saturday September 07, 2019 @08:55PM
(#20907802)
Washington State has no income tax.
Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by patthebunny on Sunday September 08, 2019 @12:33PM
(#20911547)
> Washington
Washington has no income tax.
We do have stupid regressive sales taxes.
and taxes on sugary beverages that don't include milk based beverages because Starbucks.