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In Reply to: "That trend of fleeing high taxation continues" posted by Chris from Lafayette on February 16, 2021 at 19:49:26:
Using your table, let's quantify the difference in average real estate: $3617-$2922=$695.
Now, lets look at the primary factor for why the wealthy are leaving: state income tax.
For someone earning $250,000 (which really isn't that wealthy), the amounts would be:
CA-$20,378
TX-$0
Don't know about you, but I know which total I would prefer. ;)
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Follow Ups
- That's one piece of the puzzle - E-Stat 02/17/2106:26:46 02/17/21 (14)
- "someone earning $250,000 (which really isn't that wealthy)" - Chris from Lafayette 13:42:22 02/17/21 (1)
- RE: "someone earning $250,000 (which really isn't that wealthy)" - E-Stat 13:50:19 02/17/21 (0)
- New Jersey taxes arre among the highest in the country yet the population is growing. - Rick W 08:50:48 02/17/21 (7)
- Google is your friend - E-Stat 09:02:46 02/17/21 (6)
- I'm sure you don't watch Bill Maher, but..... - Rick W 10:27:12 02/17/21 (3)
- Maher's experience is obviously a one-off - Chris from Lafayette 13:28:08 02/17/21 (1)
- Strange. Wonder why he's having trouble. nt - Rick W 21:23:59 02/17/21 (0)
- Don't watch any political talk shows - E-Stat 10:33:04 02/17/21 (0)
- RE: Google is your friend - tweaker456 09:30:50 02/17/21 (1)
- Apparently - E-Stat 10:14:54 02/17/21 (0)
- Don't forget sales taxes... - Steve O 06:38:01 02/17/21 (3)
- RE: Don't forget sales taxes... - E-Stat 06:44:36 02/17/21 (2)
- RE: Don't forget sales taxes... - Steve O 07:02:07 02/17/21 (1)
- Sure - E-Stat 07:14:35 02/17/21 (0)