Do Our Local Leaders Get It? (Raleigh, Durham: real estate, rent, HOA)
Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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NC hasn't seen a massive migration into the state?
not compared to Florida.
the previous poster is right. Florida's system is set up to tax new residents and new homeowners, to the benefit of existing residents. Look up Florida's "homestead law," which is designed to redistribute income away from young workers, to support old retirees (who have all the wealth!). Anyway, Florida's costs are more difficult to capture, and besides, their budget isn't doing so hot these days.
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NH (I grew up there) has no income tax and no sales tax and some of the best schools in the country. #46 out of 50 in tax burden. And no massive migration into the state. Now what excuse does NC have?
NH is very very conservative.
New Hampshire is also a demographic fantasyland that is 98% white people, with the lowest poverty rate in the US, and the 6th highest median personal income of all U.S. states. Its low taxation policy survives due to its proximity to the richest urban area on planet Earth, which lies between Boston and DC. Fill NH up with indigent people (like the American south), and watch the tax burden rise.
New Hampshire is also a demographic fantasyland that is 98% white people, with the 6th highest income of all U.S. states. Its low taxation policy survives due to its proximity to the richest urban area on planet Earth, which lies between Boston and DC. Fill NH up with indigent people (like the American south), and watch the tax burden rise.
But NH's income doesn't matter because they have no income tax. And some states with higher incomes than NC also have higher tax burdens, so it doesn't correlate (ie NY).
Your point about minorities is valid. Maybe NC should take a much tougher stance on welfare (ie get rid of it). Why should we support the lazy people of our state?
And have you ever been to NH? There are areas there where people live in trailers, and up north is very poor.
But NH's income doesn't matter because they have no income tax. And some states with higher incomes than NC also have higher tax burdens, so it doesn't correlate (ie NY).
doesn't matter. when people make more money, it takes a lower % of their income to provide governmental services, regardless of the taxation vehicle.
and regarding New York, those high incomes equate to lower taxes, only if the government services are the same (or lower) than whatever state you're comparing it to. By throwing NY into the mix, you're now talking about a state with a massive public sector to support, so of course their taxes will be high.
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Your point about minorities is valid. Maybe NC should take a much tougher stance on welfare (ie get rid of it). Why should we support the lazy people of our state?
we could. then we'd be like South Carolina. and if you don't want a certain policy to be enacted in North Carolina, just mention, "That's how South Carolina does it." Guaranteed to stop that policy dead in its tracks.
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And have you ever been to NH? There are areas there where people live in trailers, and up north is very poor.
Every state has poor people. What is important is the ratio between net providers and net consumers of tax dollars. Some of us pay more into the system than we take out; others take more out of the system than they pay in.
the previous poster is right. Florida's system is set up to tax new residents and new homeowners, to the benefit of existing residents. Look up Florida's "homestead law," which is designed to redistribute income away from young workers, to support old retirees (who have all the wealth!). Anyway, Florida's costs are more difficult to capture, and besides, their budget isn't doing so hot these days.
I'm not sure what FL's homestead law has to do with taxes. Maybe you're thinking of the homestead exemption? That reduces the tax burden for property holders and limits the increase in property tax per year so residents can't be forced from their home. It doesn't redistribute wealth.
I'm not sure what FL's homestead law has to do with taxes. Maybe you're thinking of the homestead exemption? That reduces the tax burden for property holders and limits the increase in property tax per year so residents can't be forced from their home. It doesn't redistribute wealth.
Inequitable taxation redistributes wealth. When you grant someone a tax break, that tax revenue still needs to come from somewhere. In Florida, it comes from the new people. This heavy taxation of newcomers creates a very procyclical revenue base, which is stupid. When the economy busts, tax revenue goes with it.
anyway, the topic -- allocating sales tax revenues for undetermined purposes. bad idea in my book.
Inequitable taxation redistributes wealth. When you grant someone a tax break, that revenue still needs to come from somewhere. In Florida, it comes from the new people.
anyway, the topic -- allocating sales tax revenues for undetermined purposes. bad idea in my book.
How does it come from the new people?
There is no income tax.
Everyone gets the homestead exemption.
There is no "welcome to the state" tax.
Everything you have said I have discredited so far, I will patiently await your response.
So you guys have me reaching back to my early days of living here ... Didn't you have to buy a small plate that said "Raleigh" when you lived in the city? Or was that Durham? Maybe I'm making this up, but something here rings a bell for me ...
Taxes in Florida (or any of the 49-not-North-Carolina-states) are off-topic for this topic, which is a discussion about the possible enacting of a new Orange County tax prior to determining what tax monies are to be spent on.
Let's confine the conversation to that topic, please.
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