Golfers Don't Want To Get Shafted

[.highnlite]

Originally Posted by sunshine7793

I did OK in math.

Bill is not a loser. He made $1 million last year. He pays 8% in state taxes.
Joe is not a loser. He made a million also. But poor Joe lives in a state with a 12% tax rate.

Bill pays $80,000 in state taxes.
Joe pays $120,000.

The difference is NOT 4%. Joe in fact pays 50% more taxes than Bill.
Will that educate the guy who keeps making the false statement that Joe only pays 4% more that Bill? No it won't. He knows what he's doing. And he'll keep doing it. And the koolaide drinkers will agree with him.

Both Bill and Joe should move to Texas or Florida where there are no state income taxes.

Funny stuff, you just pointed out the 4%. 4% of a million is $40,000. and that is the difference in what they pay.

And dear heart, if you paid any attention to my posts you would have noted I never mention income tax, I give you the total tax burden.

Now, lets look at it from a different angle. Incidentally no state has an 8 or 12% total tax burden.

New Hampshire has an 8.1%
California just went from 10.6 to 11.2 %
So, lets work those two, 8% and 11.2%

We can look at tax freedom day.

New Hampshire tax freedom day is April 16
California tax freedom day is April 20.

That is a difference of 4 days. Lets make that a fraction, 4/365 Now, we can reduce that to the lowest common denominator. 1/91.25 Let me repeat that, as I know you are going to ignore it.

The difference in tax rate in a state with 8.1% total tax burden and a state with an 11.2% tax burden is

1/91.25

Would you not agree that is hardly a difference worth quibbling over.

[nullgeo]

Originally Posted by sunshine7793

I did OK in math.

Bill is not a loser. He made $1 million last year. He pays 8% in state taxes.
Joe is not a loser. He made a million also. But poor Joe lives in a state with a 12% tax rate.

Bill pays $80,000 in state taxes.
Joe pays $120,000.

The difference is NOT 4%. Joe in fact pays 50% more taxes than Bill.
Will that educate the guy who keeps making the false statement that Joe only pays 4% more that Bill? No it won't. He knows what he's doing. And he'll keep doing it. And the koolaide drinkers will agree with him.

Both Bill and Joe should move to Texas or Florida where there are no state income taxes.

Did ok in math? I'd say not. Because, as I have stated before, you do not know how to calculate for the proof stated. The claim of 3% or 4% difference between states is made as a [% of total income]. That is the formula you must find and use.

This is a free country. You are free to state your own criteria for your whining. But, as Daniel Patrick Moynihan was famously stated: "Everyone is entitled to their own opinion. However, they are not entitled to their own facts." Facts is facts, kid. The fact that is stated, that you get so upset about, is: the averaged difference between total tax burden from one state to another does not exceed 4% of total income.

Live with it. Breathe it in deeply. It is truth.

The difference between $80,000 and $120,000 is 50% -- but that does not factor as a percentage of total income. The total income in your little story is $1,000,000 ... it is not $120,000. The difference is $40,000, which is 4% of total income.

Now, all that clarified, uh, the guy who made a $1,000,000 and paid $120,000? He still has $880,000 left after ponying up. Cry me a freakin' river.

[NewToCA]

We've repeatedly seen this tax rate as a percentage of income vs percentage increase/difference debate, and there is no reason to do it yet again.

Yes, a 12% tax rate is 4% more of your income than a 8% tax rate.

Yes, a 12% tax rate is a 33.3% higher percentage than a 8% tax rate.