Which states are the best in terms of overall taxes? (sales, real estate) - General U.S. - City-Data Forum

gimme it · 03-04-2008, 10:35 AM

This question takes into consideration property taxes, income taxes, sales tax, etc. I know that there are states with no income taxes, but they get you in other ways. I appreciate any feedback.

kidyankee784 · 03-04-2008, 10:49 AM

Quote:

Originally Posted by gimme it

This question takes into consideration property taxes, income taxes, sales tax, etc. I know that there are states with no income taxes, but they get you in other ways. I appreciate any feedback.

I can tell you which ones aren't: Connecticut, Massachusetts, California and New Jersey.

mike0421 · 03-04-2008, 10:57 AM

Quote:

Originally Posted by kidyankee784

I can tell you which ones aren't: Connecticut, Massachusetts, California and New Jersey.

Don't forget New York, Vermont, and Hawaii.

Here's a trivia question, (and don't ponder it too long!) what do all the aforementioned states have in common?

compelled to reply · 03-04-2008, 12:23 PM

A lot of liberals?

. They have the priciest real estate too.

18Montclair · 03-04-2008, 12:26 PM

Hate to break it to you, but they are the cool states.

compelled to reply · 03-04-2008, 12:27 PM

Quote:

Originally Posted by 18Montclair

Hate to break it to you, but they are the cool states.

Can't disagree with that either...

gimme it · 03-04-2008, 02:06 PM

Now, who is going to answer my original question? I'm a NYer. I know about expensive places

mike0421 · 03-04-2008, 02:27 PM

Quote:

Originally Posted by compelled to reply

A lot of liberals?

. They have the priciest real estate too.

And the greatest amount of people % wise on the welfare rolls. Very rich and poor, side by side. However, the middle class seems to vacate these types of states.

mike0421 · 03-04-2008, 02:30 PM

If you consider the three headed monster of income, sales and property taxes rolled into one amount, you get what amounts to the Tax Foundation's matrix of determing "Tax Freedom Day", or the day in which you begin to earn money for yourself, rather than for the mafia (oops, I mean government). Attached is a chart that shows each state by emancipation day:

http://www.taxfoundation.org/UserFiles/Image/Tax-Freedom-Day/2007/figure5large4.jpg (broken link)

DannyBanany · 03-04-2008, 03:37 PM

Sometimes a state without income taxes has high property taxes. Usually it is just in a few areas though. You can find cheap property taxes in a state without income taxes too.

I like living in a state without income taxes (SD) and shopping in a state without sales tax (MN)! I get to cheat!