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Edit to add: Carolina Texan, you are wrong about NC being among the 10 worst for tax burden. The site referenced above puts us at 23, right in the middle of the pack.
i didn't see a date in the link, but here is the table (http://www.taxfoundation.org/files/sr163.pdf - broken link) (see Table 1 on page 2 of the pdf) i started with. It's from 2008, and has NC in 20th place (worse than Taxachusetts, by the way).
But that was BEFORE the recently enacted tax hikes. I was estimating NC's new place in the table based on those hikes, which were 1 extra point of sales tax, and a possible 2-3 points extra in income tax. Heck, we could move into the Worst 5 with those changes.
Where to live is a highly personal question, of course, but i think it's important to have the facts. And i also lament what might happen to a state i have come to love, and am sad to leave.
nice responces.......
I was looking for answers that would tell me what area's to stay away from/ not for tax's... looking to relocate for employment purposes and wanted to know if I can find a nice area for the kids to grow up and go to a reasonable school for around 1000.00 a moth
Last edited by Aelijes; 11-03-2009 at 09:38 AM..
Reason: forgot dollar amount
i didn't see a date in the link, but here is the table (http://www.taxfoundation.org/files/sr163.pdf - broken link) (see Table 1 on page 2 of the pdf) i started with. It's from 2008, and has NC in 20th place (worse than Taxachusetts, by the way).
But that was BEFORE the recently enacted tax hikes. I was estimating NC's new place in the table based on those hikes, which were 1 extra point of sales tax, and a possible 2-3 points extra in income tax. Heck, we could move into the Worst 5 with those changes.
Where to live is a highly personal question, of course, but i think it's important to have the facts. And i also lament what might happen to a state i have come to love, and am sad to leave.
Sorry to take this thread off track once again, but I wanted to point out the fallacy in the above argument...you're assuming that no other states have raised taxes. In fact, NC isn't the only state to increase taxes in 2009. According to this link, at least 23 states have already passed tax increases: 2009 State Tax Tsunami Already Hitting 23 States - The Atlantic Politics Channel
I'm sure other states will follow. Also, note that only the sales and use tax rates have increased in NC; the proposed income tax hikes have not been passed by the legislature. So it's quite a stretch to suggest NC has leaped into the top 10 in tax burdens.
Sorry to take this thread off track once again, but I wanted to point out the fallacy in the above argument...you're assuming that no other states have raised taxes. In fact, NC isn't the only state to increase taxes in 2009. According to this link, at least 23 states have already passed tax increases: 2009 State Tax Tsunami Already Hitting 23 States - The Atlantic Politics Channel
I'm sure other states will follow. Also, note that only the sales and use tax rates have increased in NC; the proposed income tax hikes have not been passed by the legislature. So it's quite a stretch to suggest NC has leaped into the top 10 in tax burdens.
that's a fair point about other states. we'll see how it shakes out.
btw, the income tax surcharge DID pass as well. Here's the state of NC (http://www.dornc.com/aboutus/education/lawchanges2009.html - broken link)'s own website with the details. Though my alarm on this aspect is overblown, because i have been misunderstanding the surcharge. It's not figured as an additional % on your taxable income, but as an additional % on your state income tax. HUGE difference, and i apologize for my mistake.
Hey, we live in Reidsville, about 30mins. from Greensboro, but we are looking for houses in FL, want to trade. We hav 5 bedrooms 2 full baths and a full basement,family room, library but there's not much to do here. You move here, and I move there!!!
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