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Getting back to the original topic, state-level income tax --
I love the people who suggest an income tax on the basis that it'd allow NH to claw back some of the tax revenue from cross-border employment when there's no Federal mandate that states choose to implement reciprocity, and many of our border states don't currently have reciprocity agreements with each other.
Given how "high tax" states are all pushing to continue/expand revenue extraction from remote workers (like the Mass tax grab from COVID-driven telecommuters) or even to extract taxes from residents fleeing to low tax states (look at recent/proposed efforts by NY and CA), I doubt that any of our neighboring states will go for tax reciprocity.
Quote:
Originally Posted by alinnh
Why do people want to pay more tax and get nothing for it. I moved here 13 years ago from NJ they had property tax , sales tax, income tax and more. I can say I am paying the same property tax for a 1700 sqft house on 2 acres here in N.H. that I was paying for a 600 Sqft house on less than 1/4 acre in NJ. You know very well once they get a sales tax it will just be more money for them to waste and you will never see any of it again.
People think "I am paying more than my 'fair share' (and/or my neighbors are paying less than their 'fair share'), so we need a new system skewed towards stiggin' it to the other guy".
They can propose anything they want, but unless the "fairness" crowd sweeps state offices this fall, they're going to have a tough time enacting their proposal for school funding redistribution as law.
If that fails, their next resort will be another lawsuit. The "Claremont lawsuit" has been sputtering along since the 80's and has resolved pretty much nothing, except costing the state a lot of time and money.
If memory serves me right, the average cost per student in Conval is something like $23,000. We were visting our son in NC and went by a nice new school building called "Thales Academy" and there was a sign out front that said "Private School for only $6000/yr." I looked them up online and they offer K-12 at various costs - the highest being 6k/yr. Here is their website for Tuition information: https://www.thalesacademy.org/admiss...on-information
How screwed up is school funding these days in NH and why do we let ourselves take it. Something has got to change. Time to rise up and revolt.
If memory serves me right, the average cost per student in Conval is something like $23,000. We were visting our son in NC and went by a nice new school building called "Thales Academy" and there was a sign out front that said "Private School for only $6000/yr." I looked them up online and they offer K-12 at various costs - the highest being 6k/yr. Here is their website for Tuition information: https://www.thalesacademy.org/admiss...on-information
How screwed up is school funding these days in NH and why do we let ourselves take it. Something has got to change. Time to rise up and revolt.
The founder of the school (and it's 9 sister schools) helps underwrite the operating cost of the schools. He's also a big proponent of public funding of private schools. I checked one city where they have a school (Apex, NC) and public schools in the area have a "cost per student" of about $8200.
In any case, you can't compare costs where minimum wage and COL are way less than NH.
Cost of living is minimally less in that part of NC vs NH. About 5-7% less when you factor in everything. I did not see where he helps underwrite the operating costs - can you tell me where that is posted?
Fact is that the NH school system charges WAY, WAY too much for the cost of education and people are afraid to challenge them on it. The current education system and the way it is funded needs a major overhaul. If the supreme court rules that the state needs to nearly triple the amount funded by the state for education - and they do it solely through property taxes - you are going to see some towns go ballistic.
Cost of living is minimally less in that part of NC vs NH. About 5-7% less when you factor in everything. I did not see where he helps underwrite the operating costs - can you tell me where that is posted?
Fact is that the NH school system charges WAY, WAY too much for the cost of education and people are afraid to challenge them on it. The current education system and the way it is funded needs a major overhaul. If the supreme court rules that the state needs to nearly triple the amount funded by the state for education - and they do it solely through property taxes - you are going to see some towns go ballistic.
I don’t think it is a charging issue though, I think from what I understand about it, it is a structure issue and a decentralized / small schools issue. Basically instead of pooling resources to a centralized school, there are a lot of smaller schools that have to all duplicate the work.
I personally would rather have a small flat income tax and/or a modest sales tax, IF that would mean they could REDUCE PROPERTY TAXES BY SAY 2/3rds! Your $7,000 property tax bill would fall to say $2,300.
For me too much of the state tax burden is lumped all into ONE SINGLE area, property taxes. You can work to get a paid off free and clear house, maybe try to retire early, but you are still stuck with the albatross of that massive property tax bill that never goes away, and only goes up. There are so many states in the US that have dramatically lower property taxes than NH. The same $300k house you buy in NH with $8k in property taxes, if bought in TN would have $1,000 in property taxes! And TN has no income tax either.
And if you are going to say you are a no income tax state, get rid of the tax on interest and dividends! Every other "no income tax" state in the US (TN, TX, FL, SD, WA, NV, WY) does not tax interest and dividends! You are not a "real" "no income tax state" if you tax interest and dividend income!
I personally would rather have a small flat income tax and/or a modest sales tax, IF that would mean they could REDUCE PROPERTY TAXES BY SAY 2/3rds! Your $7,000 property tax bill would fall to say $2,300.
That sounds wonderful, but show me one single American state where that has actually worked out for more than about 3 years.
Also ignores that property taxes are set by each town, not controlled by the state.
It also ignores that fact that RE taxes are deductible (at least for the present) on your income taxes. I don't see any point in adding an income or sales tax, sending our money to Concord, and expecting we're going to get enough back so our town can drop our RE taxes. It's just ceding more control of our money to somewhere else. The only way we'll get a drop in our total taxes will be to decrease our school spending.
The only good thing to come of this would be benefiting retirees, who would likely pay less total taxes if their RE taxes were reduced and the I&D tax eliminated in favor of adding income and sales taxes. We already have too many older people living in poverty just so they can pay the taxes on their homes.
I personally would rather have a small flat income tax and/or a modest sales tax, IF that would mean they could REDUCE PROPERTY TAXES BY SAY 2/3rds! Your $7,000 property tax bill would fall to say $2,300.
For me too much of the state tax burden is lumped all into ONE SINGLE area, property taxes. You can work to get a paid off free and clear house, maybe try to retire early, but you are still stuck with the albatross of that massive property tax bill that never goes away, and only goes up. There are so many states in the US that have dramatically lower property taxes than NH. The same $300k house you buy in NH with $8k in property taxes, if bought in TN would have $1,000 in property taxes! And TN has no income tax either.
And if you are going to say you are a no income tax state, get rid of the tax on interest and dividends! Every other "no income tax" state in the US (TN, TX, FL, SD, WA, NV, WY) does not tax interest and dividends! You are not a "real" "no income tax state" if you tax interest and dividend income!
However in TN you have something like a 9% sales tax!!
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