Texas tax none

[Clodfobble]

We make up for it in sales and property tax. Local sales tax in Austin is 8.25 % (state plus local.)

[busterb]

Was I wrong about the income tax? or just loaded? Last time I did a Google on it, maybe I misconstrued what I found! Sorry

[smoothmoniker]

Originally Posted by Clodfobble

We make up for it in sales and property tax. Local sales tax in Austin is 8.25 % (state plus local.)

Don't ever come to the People's Republic of California. That's the sales tax here in LA too, plus the highest property taxes in the country (in dollars per person) and a HUGE income tax.

You'd think with all that money coming in we could, you know, fix the roads and keep the hospitals open, buy books for kids and pay our teachers.

Oh well.

-sm

[Happy Monkey]

Originally Posted by smoothmoniker

plus the highest property taxes in the country (in dollars per person)

That's a strange way to count property taxes. Not that I'm disputing California's reputation as a high-tax area.

Anyway, I doubt that property and sales taxes can make up for income tax, for the extremely wealthy. For the most part, the wealthier you are, the smaller the percentage of your income goes to property and purchases (assuming a modicum of restraint - see Mike Tyson).