But you are still talking about the RAGWUS S&MD. 🙂

Interesting afterthought. I was researching an answer to another poster, and found a national study of state income taxes.
According to their calculations, a typical family of three in Los Angeles with an income of $50,000 pays NO state income tax.

That’s one reason we can have high “rates”, but lower effective tax burdens.

High rates, but also high threshold of exemptions and deductions.

On another website, I answered a question with a very short (but complete) reply. I got the error message “Your response is to short, please go back and try again.”

Not a comment I usually hear.

We try.

Keep up the good work, Ted.

This may help.

http://www.itep.org/modelfaq.php

Probably difficult to verify ITEPs results because it is a computer model with literally thousands of inputs.

Just talked to my granddaughter, she’s paying off student loans, but doing quite well in IT in San Francisco. Grandson is getting married and going to Hawaii for honeymoon. IBEW is doing OK in the bay area.

They don’t share your pessimism.

Neither of them has EVER heard of, you know, that five letter acronym.

I don’t know about their methodology,

Here is a similar survey of major cities which shows a substantial difference in sales tax burdens in every income category. This study says their data comes from BLS Consumer Expenditure Survey.

http://cfo.dc.gov/node/768732

It seems to corroborate ITEP sales tax trends, much higher in Texas.

I had read a couple of articles which said basically the same thing. Even though Texas is a low tax state overall, the wealthy pay MUCH less. The difference must come from somewhere.

On the other hand, this (DC) study does show higher taxes overall in California (property tax, perhaps, the main factor.)

Interesting, this (DC) study is for a hypothetical family of three, and calculates NO income tax burden for up to $50,000 income. (Highest RATES in the nation, but high threshold of deductions)

If you find a better study, I’d be glad to look at it. In the meantime, when someone says we are the HIGHEST taxed state, I will point out that Tax Foundation (not a leftist institution) says California is fourth overall, AND taxes for low to middle income are not as high as most people believe. I am at a loss as to why that seems to upset people so.

With all due respect, I think “complete garbage” is extreme, unless you have better evidence.

And, as always, the glass is at least half full.

🙂 Yes he is Bob!! LOL

Lay of the crack S&MD!! Your grandkids are broke, as are mine. No generation has left the debt for their kids and grandkids like the RAGWUS feeders have. 🙂

🙂

Back to the bus from hell….some had chickens in cages….feathers flying….the smells…oh my-

Back, a relief, to the tourista hotel for Emilo’s fresh squeezed nectars in our awesome Tom Collins style drinks. Ah!

Contrasts……get used to them……either inflation will get ya in California or taxes/fees…….and there be chickens in your shopping cage!