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The TruthParticipant
[quote=ctr70]Another thing for those high income earners who have portable businesses looking to move out of the state of CA to avoid the state income tax, is the cumulative effect of paying a state income tax. If you pay $30k a year in state income taxes, that is $300k over 10 yrs. And you invested that $30k saved every year on a down payment on a cash flow rental or a trust deed, you would have more like $500k+ over 10 yrs. So you are losing $500k over 10 yrs for staying in CA![/quote]
If you make say $250K as a couple – the place where new state tax increases begin to kick in – you’ll probably be paying somewhere north of $20K to the state. With a modest down payment, that annual amount would cover the mortgage on a palace in the Las Vegas area. If you are ‘portable’, the move effectively pays for your housing. But it’s Las Vegas and not Southern California…
The TruthParticipantThe sad thing in CA, and what makes us seriously ponder whether it’s worth staying here, is how much it’s rubbed in your face every day. The state takes more and more of our money. But yet, the roads are horrible, crime is getting worse, and gang activity is ignored while teachers get obscene pay for working part of the year even though public schools suck, lifeguards can make $150K+, admin workers at Long Beach hold out because nearly $200K is not enough, prison guards can make nearly $200K. Public sector workers get paid more while raking in benefits (including retirement) the private sector could only dream of. And I’m still told I’m not paying my fair share. And the funds from Prop 30 won’t make the schools better – just prop up more juicy retirement pay for teachers and administrators (of which there are far too many). Public union agitators take my tax money to picket, protest, and lobby against my interests. I am literally paying them to screw me.
The TruthParticipantMy fear is the government ‘borrowing’ from my IRA/401k…
The TruthParticipant[quote=CA renter]
If you think that YOU are responsible for all of your success, try to duplicate it from scratch in a country with no taxes; let’s see how you do.[/quote]Oh I get it… ‘I didn’t build that…’
What’s next, ‘From each according to his abilities…’?
And I am not advocating no taxes or a Somalia-like state. Using that as an example is hyperbolic, childish, and ignorant.
And I would do just fine in a county or era of lower/less confiscatory tax policy.
BTW, the ‘government’ doesn’t provide infrastructure; the ‘government’ didn’t build that. I did with my tax dollars, along with every other net producer and those that came before me; and no thanks to the net consumers.
[quote=CA renter]Additionally, people who make the most tend to receive a greater benefit, per capita, from the government.[/quote]
Bullshit. What’s your basis for that? It’s easy to just make garbage like that up.
[quote=CA renter] BTW, YOUR wages aren’t going to ME. I simply know that there is a cost — both to you and me — for living in a civilized, democratic society, and I’m more than willing to pay for it.[/quote]
If I’m paying a higher percentage of taxes, then my wages ARE going to YOU on a relative basis.
And you still didn’t answer my question? How much/what percentage of my wages do you consider your fair share?
The TruthParticipant[quote=moneymaker]I
Won’t buy anymore Vizio TV’s anywhereAnybody have any other won’t buy’s there?[/quote]
Why no Vizio TVs?
The TruthParticipant[quote]ctr,
Why don’t you move to Somalia, Mexico, or any of those no-tax/low-tax countries? Based on your logic, the effective absence of taxes means that unemployment rates in these countries should be some of the lowest on earth, right?
FWIW, if you really don’t understand why we have progressive tax rates, you need to stop calling other people ignorant.[/quote]
CA Renter, you’re really stuck on this Somalia thing I see.
Three questions for you: Why do YOU think we have progressive taxes? How progressive/how much is enough? How much of MY hard earned wages is YOUR fair share? -
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