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Old 05-25-2011, 11:08 PM
 
Location: Conejo Valley, CA
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Obviously, not just which taxes exists, but also their rates that matter. Most states depend more on property taxes, and hence have higher rates, than California and that is the largest tax for most low/mid income folks. California's income tax is also highly progressive, another evil social plot against the wealthy, so low/mid income folks don't end up paying much of it.

Anyhow, in terms of taxes California is pretty cheap for low/mid income folks, its the wealthy ones that get taxed noticeably higher than some other states. Naturally this has driven all the wealth out of the state......oh wait..
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Old 05-26-2011, 01:24 AM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
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Quote:
Originally Posted by user_id View Post
Obviously, not just which taxes exists, but also their rates that matter. Most states depend more on property taxes, and hence have higher rates, than California
And most states have much lower housing prices so it's a wash.
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Old 05-26-2011, 10:44 AM
 
Location: Conejo Valley, CA
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Originally Posted by TVC15 View Post
And most states have much lower housing prices so it's a wash.
Not really, California has more high-end communities than most other states and these drive up the average/median for the state, but there are plenty of affordable areas as well. The median home price in California is currently around $250,000 (from DQnews), where as the national median is around $215,000 (from census). Not a huge difference and most of it is due to a higher number of high-end communities versus other states. Needless to say, the vast majority of the state is much cheaper than the bay area....

Also, even in high cost areas, the amount of property tax paid is only loosely related to the current home value due to Prop 13. It is only new buyers that are going to pay the tax based on the current value, people that bought years ago may pay dramatically less. I have an older relative that pays $600 in property tax on a home that is worth around $400,000 today, I don't think you can find that in any other state... In most states you'd be paying around $6,000~$12,000 in property tax.
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Old 05-26-2011, 12:52 PM
 
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Houses in decent areas of the big coastal cities with lots of jobs are still way more than $250k. Sure, the state median might be $250k but you've got places like Stockton, Bakersfield, and Victorville bringing down the average.
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Old 05-26-2011, 01:14 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 8,705,082 times
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Originally Posted by user_id View Post
Not really, California has more high-end communities than most other states and these drive up the average/median for the state, but there are plenty of affordable areas as well. The median home price in California is currently around $250,000 (from DQnews), where as the national median is around $215,000 (from census). Not a huge difference and most of it is due to a higher number of high-end communities versus other states. Needless to say, the vast majority of the state is much cheaper than the bay area....

Also, even in high cost areas, the amount of property tax paid is only loosely related to the current home value due to Prop 13. It is only new buyers that are going to pay the tax based on the current value, people that bought years ago may pay dramatically less. I have an older relative that pays $600 in property tax on a home that is worth around $400,000 today, I don't think you can find that in any other state... In most states you'd be paying around $6,000~$12,000 in property tax.

Well I will speak specifically for the states with no state income tax. So they are paying 6,000 in property taxes but not in state income tax like you do in California. So you pay 6000/year in California state income tax and buy a tiny house for a lot of money. Or you buy a large house for a decent price in other states and pay larger property taxes. It's a tit for tat. And I will throw in that no other state has outrageous car registration fees like you do here.
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Old 05-26-2011, 01:59 PM
 
Location: Conejo Valley, CA
12,476 posts, read 17,451,384 times
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Originally Posted by EscapeCalifornia View Post
Houses in decent areas of the big coastal cities with lots of jobs are still way more than $250k. Sure, the state median might be $250k but you've got places like Stockton, Bakersfield, and Victorville bringing down the average.
And you have places like San Fransisco, West LA, Marin County, etc that bring the average up. Also, places like Bakersfield, Victorville, Fresno, etc are far more representative of other parts of the country than exclusive coastal communities...

Quote:
Originally Posted by TVC15 View Post
So you pay 6000/year in California state income tax and buy a tiny house for a lot of money. Or you buy a large house for a decent price in other states and pay larger property taxes. It's a tit for tat. And I will throw in that no other state has outrageous car registration fees like you do here.
Assuming typical deductions a family of 4 would have to make over ~$150,000k/year to pay $6,000 in income tax, an individual would have to make more than ~$100,000 to pay $6,000 in income tax.

As I said before, taxes in California are relatively low for low/mid income folks, its all part of the evil socialist plot to destroy California. The average family in California is going to pay less in state taxes than in most other states. The median household income in California is around $59,000, a family making $59,000 will pay around $400~$600 in income taxes.

Anyhow, the car registration taxes are in the same vein as the income taxes, they are a largely progressive tax and the average family isn't going to pay much.
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Old 05-27-2011, 12:13 PM
 
Location: Yucaipa, California
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I sure hope the tax extensions dont happen next month. Its crazy how the unions own brown & the legislature. No wonder ca is broke (or so they say). When the public unions tell brown & the legislature to jump they ask how high. What a disgrace to california.
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Old 05-27-2011, 03:07 PM
 
Location: Guangzhou, China
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$100-something for my 2000 Honda S2000.
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Old 05-27-2011, 05:13 PM
 
2,311 posts, read 2,889,265 times
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Originally Posted by steel7 View Post
I sure hope the tax extensions dont happen next month. Its crazy how the unions own brown & the legislature. No wonder ca is broke (or so they say). When the public unions tell brown & the legislature to jump they ask how high. What a disgrace to california.
I got my eye zero'd in on it. If it does, I have a 2012 date set already for when I am leaving this state for a no income tax, low cost of living, low tax alternative...
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Old 05-27-2011, 05:26 PM
 
2,311 posts, read 2,889,265 times
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Originally Posted by user_id View Post
And you have places like San Fransisco, West LA, Marin County, etc that bring the average up. Also, places like Bakersfield, Victorville, Fresno, etc are far more representative of other parts of the country than exclusive coastal communities...


Assuming typical deductions a family of 4 would have to make over ~$150,000k/year to pay $6,000 in income tax, an individual would have to make more than ~$100,000 to pay $6,000 in income tax.

As I said before, taxes in California are relatively low for low/mid income folks, its all part of the evil socialist plot to destroy California. The average family in California is going to pay less in state taxes than in most other states. The median household income in California is around $59,000, a family making $59,000 will pay around $400~$600 in income taxes.

Anyhow, the car registration taxes are in the same vein as the income taxes, they are a largely progressive tax and the average family isn't going to pay much.
Agreed, your low/mid-low don't pay much tax in CA ... CA's taxes are largely progressive. As for tax estimates though, one minor correction. You only need to clear around $86-$87k as a single individual in order to be on the hook for $6,000 in income tax. This is the average salary of a starting engineer. At this point, you'll find yourself paying $1,300 or so for a 1/1 tiny apartment in the bay area (a mortgage of a 4/3.5 newly built home in other places) ... Want to get yourself a nice car.. Well, assuming you buy a nice $40k luxury car.. your car registration is going to be around $500 a year. Then you can enjoy consuming some of the most expensive gas in america .. Oh, and enjoy paying 9.25% in sales tax. All told, you will find your salary only maybe 10-15k more than in other cheaper states... Higher income.. higher federal tax ... most of prized California income will simply disappear into : sales tax, higher rent, federal tax, state income tax, vehicle registration, etc ... Sure I guess things are comfy if you are either low-income/middle-low income and live like a hobo .... and don't ever think about being able to buy a home in a nice area w/ good schools ... unless your wife is also an engineer and you both rise through the ranks and save every penny you have. I always wondered why I saw so much 'old' stuff when i came to the valley. I figured it out after about a year.

The weather is great though lol
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