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Originally Posted by Rich Lee
It's not that bad here. As a REALTOR® belonging to the Statewide MLS, we now have access to the Westchester-Putnam MLS (WPMLS). After browsing a bit, I cannot believe the taxes in my hometown of Dover. Dutchess County is a steal compared to Putnam and Westchester, but it's still higher than Connecticut!
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To me, that's like trying to determine which type of cancer is worse. It's all cancer. CT may be lower than the the two highest taxed states, but that's not saying much. Kind like taking third place in an ugly contest.
Quote:
Originally Posted by Seattle's Best 28
So move..... ? You whine a lot about your taxes!
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Whine? Hardly. More like outright anger.
Since you want to "keep it real" ala DM, how's this for real.
I'm a small business owner. I employ 8 people full time. For state income tax and personal property tax I have to write a check, for real, in US dollars for $26,000.00. It's due "now". That's just for the privilege of employing people and owning equipment which to keep them employed with.
Add to that because I'm a "evil business owner" I just got slapped with a "new" self employment tax of $8000.00 on TOP of my regular Federal income tax payment due of almost $8000.00.
That does not include "little" things like $250.00 per year just for having LLC paperwork. (We are the only state in the nation to do that.) I also have environmental taxes out the wazoo again, just for doing business in CT and POSSIBLY having hazmat waste.
Furthermore, I worked myself to the BONE last year to get ahead $20K to pay down some debt and do some work on our house. 14-16 hour days. (Yes most of my posts are via laptop and wireless.) I sacrificed family time and my personal health to do so. Well, that just went out the window to pay for unexpected taxes. We did our best to prepare for it, but with an 80,000 page tax code even "smart" folks like Timothy Geithner the guy who now runs the IRS can't figure it out. I killed myself last year to get ahead by a small amount only to hand it, and another 8k over the government. Yea, that makes me angry.
So if you'd like to write that check for $26,000.00 for me, feel free. It has nothing to do with or based on any money I've earned so save the "if you earned it you can afford it" speech. I live in a 55 year old home and drive an 11 year old pickup. That tax right there was all at the state and local level and simply just for being an employer and owning equipment.
Maybe I will move and put 8 family men in CT out of work. I'd get a pretty nice raise right off the top just for doing so.
