Re:Tesla’s headquarters will move to Austin
by muzz on Thursday October 07, 2021 @09:45PM
(#28794728)
A decade ago, I owned a 200k house in Austin while making a 6-figure salary in California-- I paid more in property taxes on the house in Austin than I did on income taxes on my income in California.
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Re:Tesla’s headquarters will move to Austin
by Omniusaspirer on Thursday October 07, 2021 @10:22PM
(#28795008)
This is really only the case if you had substantial deductions of some sort.
Assuming you made exactly 100k as a nice lowball you'd have owed $6947.92 in 2011 California income taxes. Harder to quickly find 2011 Austin property taxes but using todays rates without the homestead exemption you would have paid $4653 presuming you lived in Austin proper with Austin ISD taxes.
This is obvious a simplified calculation assuming basic W2 income and may very well not have applied to you, but for others reading it's nice to see some actual numbers.
Re:Tesla’s headquarters will move to Austin
by muzz on Thursday October 07, 2021 @10:49PM
(#28795181)
No homestead exemption. Roughly 3.1% tax rate. Northwest corner of Austin, in the 78717 zip code. Leander ISD if I recall correctly.
California taxes were affected by CA deduction, CA personal exemption, and 401k (which I didn't max out, and even without it I think the original claim still stands although just barely)
Re:Tesla’s headquarters will move to Austin
by throwaway6734 on Thursday October 07, 2021 @10:14PM
(#28794954)
This is a good thing