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View Poll Results: Where?
New York City 16 3.10%
Greater Boston 32 6.20%
Philly 38 7.36%
DC/N. Virginia 50 9.69%
Raleigh/NC Research Triangle 32 6.20%
Austin 48 9.30%
San Francisco/Bay Area/Silicon Valley 13 2.52%
Baltimore 11 2.13%
Toronto 33 6.40%
Pittsburgh 35 6.78%
Chicago 99 19.19%
Atlanta 109 21.12%
Voters: 516. You may not vote on this poll

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Old 09-20-2017, 05:55 PM
 
9,838 posts, read 11,431,986 times
Reputation: 2358

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Quote:
Originally Posted by Pine to Vine View Post
Philly is generally recognized as offering a much better COL than Boston and DC. I used the first COL comparison tool that popped up on google and found that a person making $100K in Philly would need to make $170K in Boston and $159K in DC. This is the tool I used:Moderator cut: Link removed, linking to competitor sites is not allowed. You know who these tools are. I'm sure they are not exact, and it depends where in these cities a person lives, but I think it gives some sense of just how more affordable Philly is when compared with Boston and DC.

As for taxes, Philly has an imposing wage tax of 3.89%. On the other hand, PA state income tax is a measly 3.07%. This equates to a total income tax burden of 6.96%. This compares with the following wage taxes in Boston and DC and its suburbs:

-Massachusetts: 5.1% (not clear if Boston levies a city tax)
-Washington, D.C.: 8.5% on taxable income between $60,001 and $350,000.
-Maryland: 5.5 - 5.75%
-Virginia: 5.75%
-Washington, D.C.: 8.5% on taxable income between $60,001 and $350,000 (8.95% at higher incomes)

As you can see, the total tax burden of living in Philly is markedly better than that in DC and not terribly out of line with the DC suburbs and Boston. Factor in the COL difference and Philly seems an easy choice.

You have to go further than that though. DC has one of the lowest tax burdens in the whole nation. Look at this below for a more thorough comparison:

National Major City Tax Burden Comparions

Last edited by Yac; 09-27-2017 at 06:11 AM..

 
Old 09-20-2017, 06:25 PM
 
Location: 352
5,122 posts, read 3,880,627 times
Reputation: 3491
Quote:
Originally Posted by Gaylord_Focker View Post
Nah, like stated earlier, people will go where the jobs are. Most Amazon employees in Seattle likely aren't from Seattle.
So if talent pool doesn't matter, why not just go to Memphis, Bakersfield, or El Paso? Cost of living is cheap. Sure people will move to whatever city wins, but it's important to already have a base there. It's makes cities attractive.
 
Old 09-20-2017, 08:28 PM
 
2,073 posts, read 762,723 times
Reputation: 2228
I'm sticking with my Atlanta prediction. Centrally located in the south east(the fastest growing region in the US), tons of space to build, business friendly, low COL, huge labor pool, good public transit, infrastructure, growing tech sector. Makes too much sense.
 
Old 09-20-2017, 09:41 PM
 
Location: Center City
6,851 posts, read 7,797,618 times
Reputation: 9469
Quote:
Originally Posted by MDAllstar View Post
You have to go further than that though. DC has one of the lowest tax burdens in the whole nation.
Someone should tell google: State taxes: Washington, D.C.
 
Old 09-20-2017, 10:12 PM
 
9,838 posts, read 11,431,986 times
Reputation: 2358
Quote:
Originally Posted by Pine to Vine View Post
Someone should tell google: State taxes: Washington, D.C.
Clearly! It's always best to go with actual fact based entities like the government.
 
Old 09-20-2017, 11:18 PM
 
2,025 posts, read 2,351,464 times
Reputation: 1956
I doubt they are smart enough to choose Gary, Indiana (the well-run, low tax, part of Chicagoland). http://www.chicagotribune.com/busine...919-story.html
 
Old 09-21-2017, 05:29 AM
 
7,700 posts, read 4,557,747 times
Reputation: 8398
Seattle throws its hat in the ring for HQ2

Seattle's bid for second Amazon headquarters is a bad idea - Business Insider
 
Old 09-21-2017, 07:54 AM
 
Location: Mt. Airy
5,311 posts, read 5,328,925 times
Reputation: 3562
Quote:
Originally Posted by gladhands View Post
LOL! Don't build another house, just add on a huge wing to the existing one! Not sure why they would put an RFP out for another location but then just choose Seattle....again.
 
Old 09-21-2017, 07:58 AM
 
Location: Sweet Home Chicago!
5,182 posts, read 3,714,381 times
Reputation: 6075
Quote:
Originally Posted by midwest1 View Post
I doubt they are smart enough to choose Gary, Indiana (the well-run, low tax, part of Chicagoland). Gary leaders making
That would be interesting. They could pretty much take over the entire city and become their own suburb of Chicago. A lot of potential there with all that lakefront real estate!
 
Old 09-21-2017, 08:33 AM
 
Location: Center City
6,851 posts, read 7,797,618 times
Reputation: 9469
Quote:
Originally Posted by MDAllstar View Post
Clearly! It's always best to go with actual fact based entities like the government.
And guesss what! Here’s what the DC government webiste says its income tax rates are:

4% on the first $10,000 of taxable income
6% on taxable income between $10,001 and $40,000
6.5% on taxable income between $40,001 and $60,000
8.5% on taxable income between $60,001 and $350,000
8.75% on taxable income of $350,001 and above

https://cfo.dc.gov/page/district-col...ranchise-taxes

Looks like you live in the suburbs but if not, perhaps you’ve been underpaying?
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