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Uh, this is completely different.... my list is percentage of individual income paid to taxes.. also your wallet hub list is almost a full year old.
My point is that those same states also give more to the government via those taxes to the government versus what they get back. So, they help fund the government more so in comparison to other states.
24/7 Wall Street gathered data from the Tax Foundation to determine which state's residents paid greatest percentage of their income to taxes, the top 10 results are below:
1) New York - 12.7%
2) Connecticut - 12.6%
3) New Jersey - 12.2%
4) California - 11%
5) Illinois - 11%
6) Wisconsin - 11%
7) Maryland - 10.9%
8) Rhode Island - 10.8%
9) Minnesota - 10.8%
10) Massachusetts - 10.3%
Connecticut, being the wealthiest state, pays the most dollar amount per capita.
And then there's this...from the article, "Generally, states with lower-income residents tend to have lower tax burdens. Per capita income in all but three of the 15 states with the lowest tax burdens is lower than the average income nationwide. In contrast, the per-capita income in 12 of the 15 states with the highest tax burdens is greater than the national average of $49,246 a year. The three states with the highest tax burdens — Connecticut, New Jersey, and New York — have the highest, third highest, and fourth highest incomes per capita in the country."
Which kind of reinforces the fact that the kneejerk reaction to paying taxes often isn't the most ingenious reaction.
I notice on city data quickly growing populations is viewed as a great thing whereas in real life many people do not like sudden fast growth in their cities. I tend to compare what city data to what I see on FB a lot.
As a New Yorker I’m totally fine with the city shedding 1 million out of its 8.5 million residents!
It seems the exact opposite to me. C-D has the most people who are defensive of the low growth/high tax states These places are slammed everywhere else I go on the internet.
Welcome to TN; we are 47/50 in overall tax burden. My DH is from upstate New York, after so many years I still can't get over how ridiculous the taxes are up there. His parents pay $5000 a year for property taxes for a $150k house. That plus state income, plus tolls, more expensive gas, my goodness it all adds up fast.
And to the poster who said taxes are great, we have great roads, parks, good schools too, and pay little taxes. Our sales tax is high, however. If anyone likes paying taxes, good for them. I cringe.... I know how to handle my money I work for more than Uncle Sam. We aren't deprived of anything here.
We recently moved from CT#2 to TN. I agree! The only 2 things that are more expensive for us are water bills, and sales tax. We happened to move to a town where water is liquid gold HA!
But everything else including registering cars, car/home owners insurance, gas prices, electricity rates, property taxes and insurance premiums are less... in some cases, far less.
It always surprises me to see people defend the argument that higher taxes means better services. That is not always the case, and one certainly can't argue that case if they haven't lived anywhere else.
For a places that has the nickname "Taxachusetts' it seems relatively low. I was expecting a lot higher for Mass.
I think it used to be higher in the 80's or 90's but that was before my tax paying time. Old stereotypes die hard, although Mass is 10 out of 50 is still pretty high so it's not like it doesn't fit anymore. Plus it kid of rhymes/ sounds good. Taxecticut or Tax York just doesn't have the same ring and if you said Tax Island people would probably think you're going the other way and talking about the Caymans or something
We recently moved from CT#2 to TN. I agree! The only 2 things that are more expensive for us are water bills, and sales tax. We happened to move to a town where water is liquid gold HA!
But everything else including registering cars, car/home owners insurance, gas prices, electricity rates, property taxes and insurance premiums are less... in some cases, far less.
It always surprises me to see people defend the argument that higher taxes means better services. That is not always the case, and one certainly can't argue that case if they haven't lived anywhere else.
Yeah, I live in Connecticut now, and the cost of living is INSANE. California, move over...
It seems the exact opposite to me. C-D has the most people who are defensive of the low growth/high tax states These places are slammed everywhere else I go on the internet.
I think a lot of this is based off of population and other aspects like overall cost of living. You can have areas in high tax states that have a lower overall cost of living than an area in a low tax states due to other factors such as housing, which makes up about 30% of the overall cost. Check out the 4th segment of this page to get an idea of what I am referring to: https://www.nahb.org/en/research/hou...ity-index.aspx
Taxes are just one aspect to cost of living and a lot of this also has to do with pay. So, for instance, a lot of low tax states tend to also have lower pay as well. In turn, I think people think that what they make in the higher taxed state is going to transfer to the lower tax state, when that isn't always the case.
Then, you may have other aspects to consider in comparison to other states like the prevalence of HOA's and while this doesn't mean that things are "tit for tat", something like this will not show up in terms of taxes.
Even how states get certain taxes like property taxes aren't the same. Some, strictly get them via real property, but some may get it via real and personal property. Again, it isn't tit for tat, but it is something that people should be aware of.
So, I think that is a part of the "defensiveness" that people may be referring to.
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