U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Personal Finance
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-31-2012, 10:01 AM
 
Location: Portland, OR
8,803 posts, read 7,582,517 times
Reputation: 4501

Advertisements

I moved from Virginia with its 5.5% approximately flat income tax and 5% sales tax, to Oregon with its approximately flat 9% income tax but no sales tax. So my income tax rate rises 3.5% points but I lose a 5% sales tax. I feel about 2/3 of my after tax spending would be subject to a sales tax (roughly: rent, student loans, and after tax 401k contribs being the only after tax outflows not subject to consumption tax), so does it look like this tax change nets out to zero? To me it looks like it does, roughly, but wanted others' opinions.
Reply With Quote Quick reply to this message

 
Old 10-31-2012, 11:59 PM
 
Location: Los Angeles area
14,018 posts, read 17,740,386 times
Reputation: 32304
Your reasoning seems logical to me. I do not know enough to be able to answer your question with any precision, but there are also other taxes to consider, mostly property taxes and also fees such as auto registration. Property taxes can vary quite a bit from county to county even within a given state, and they can make rents more or less expensive, other things being equal, as the landlords have the property tax as a cost of doing business.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Personal Finance
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top