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Is a state with no income tax better or worse?
Bankrate ^ | May 27, 2019 | Adrian D. Garcia

Posted on 01/17/2020 7:17:12 AM PST by ConservativeMind

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To: BBB333
Only five states do not have a sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. But this list is a little misleading because Alaska does allow localities to impose sales taxes and they average 1.43 percent; not huge, but it's not zero, either. Montana also allows local sales taxes.

Here's a start on the guessing game.

I will also think Montana.

21 posted on 01/17/2020 7:39:41 AM PST by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: ConservativeMind

This is the gods to honest truth.
I spent 2 months in Altamont Springs in florida. Got a job offer to go to Hicksville long Island at 20% more. I saved more money in those 2 months than the 2 years I spent in NY.


22 posted on 01/17/2020 7:40:19 AM PST by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
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To: texas booster
"I will also think Montana. "

Last I checked, Mont. has a 7% Income Tax.

Not so low to me [maybe worth it though...].

23 posted on 01/17/2020 7:41:50 AM PST by Paladin2
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To: ConservativeMind
The American Legislative Exchange Council reports that over the past decade the nine states without a personal income tax have consistently outperformed – on GDP growth, employment growth and in-state migration – the nine states with the highest taxes on personal income.

Others, however, are skeptical about ALEC’s findings. There is no compelling evidence that states without income taxes are outperforming states that have them or even have relatively high rates

Some states redirect their taxes. FL, for example, has a very high tax on hotel rooms where other states do not. I think that there are VERY compelling reasons to assert that taxes do have an impact on growth. To compare a state like Alaska to Ohio and make assertions about differences in growth rates ignores things like social overhead capital (e.g., roads, rail service, airports, etc.), population density (e.g., labor supply), and other exogenous factors. It's just plain stupid to say taxes don't distort resource allocation.

24 posted on 01/17/2020 7:42:02 AM PST by econjack
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To: Sequoyah101

I know of no place without a property tax. The debate is Sales Tax vs Income Tax.


25 posted on 01/17/2020 7:45:07 AM PST by RainMan (rainman)
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To: ConservativeMind

Screw the poor. Let them help themselves without any government hammock.

No income taxes, no inheritance taxes, no property taxes, no wealth taxes ... none of them ... these are all fundamentally unjust.

Government can just do less.


26 posted on 01/17/2020 7:46:36 AM PST by Rurudyne (Standup Philosopher)
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To: Harpotoo

Thank you for saying that.

It’s hard for people to understand how different states can be without going through what you did.


27 posted on 01/17/2020 7:47:35 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: ConservativeMind

It doesn’t help the poor to have them stuck on the dole in a high cost of living state.

Far better they keep a little more of their own wages and stay independent, with an eye to moving up and accumulating assets.


28 posted on 01/17/2020 7:49:57 AM PST by 9YearLurker
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To: ConservativeMind

Fair article? I’ll have to read all of it to have any possibility of concluding it is fair in any way.

It only considers income tax as a wealth redistribution mechanism when property tax can do the same thing but in even more cruel ways.

The whole premise the author suggests as a means to allow gooberment to shape society is revolting. It is worse than having a complete stranger to administer a legacy. Why did the idea of gooberment as a means for social change or administration enter anyone’s head in the first place? It is a warped sense of values. Perverse actually.

The only job gooberment has is to provide for the common needs of the people. Defense, transportation, border protection, standards, law enforcement. Even screwls are a debatable gooberment function.


29 posted on 01/17/2020 7:51:50 AM PST by Sequoyah101 (We are governed by the consent of the governed and we are fools for allowing it.)
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To: RainMan

I am not sure it is true but someone told me that Panama City Beach has no property tax.


30 posted on 01/17/2020 7:52:09 AM PST by yarddog ( For I am persuaded.)
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To: RainMan

Versus neither.

NH has prospered for decades without either.


31 posted on 01/17/2020 7:52:29 AM PST by 9YearLurker
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To: ConservativeMind

Better.

It’s not the responsibility of the government to “helpthe poor”.


32 posted on 01/17/2020 7:55:46 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
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To: Red Badger

Southern girl: Where are y’all from?

Northern girl: I’m from a place where we never end a sentence in a preposition.

Southern girl (smiling): Where are y’all from, b!tch?


33 posted on 01/17/2020 7:56:05 AM PST by MV=PY (The Magic Question: Who's paying for it?)
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To: ConservativeMind

Heh,heh.

Retired military, live in Missouri, no income tax on mil ret pay. Low property tax, 7%ish sales tax, none if I shop on post. Prs property tax, not bad, vehicle registration, $ 35/yr average.

Great conservative state.


34 posted on 01/17/2020 7:58:40 AM PST by Manly Warrior (US ARMY (Ret), "No Free Lunches for the Dogs of War")
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To: SaxxonWoods
Born and raised in Katy, TX and bought my first house there in the Mayde Creek MUD. My property taxes in the 90's was +/- $6000/year (but my water bill was only $45/month).

Now here in Florida my two wooded rural acres property taxes is less than a grand a year. I have well and septic and all electric - only one bill besides mortgage (OK, car insurance and cell phones... and food!).

I think sales tax is a wash as it doesn't apply to grocery foods or prescriptions, two big expenses. It's mostly on discretionary spending. I can live with that...

35 posted on 01/17/2020 7:59:50 AM PST by jeffc (The U.S. media are our enemy)
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To: Rurudyne

Exactly!


36 posted on 01/17/2020 8:00:24 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
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To: ConservativeMind

Tennessee: No income tax, highest sales tax in the nation.


37 posted on 01/17/2020 8:01:08 AM PST by babble-on
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To: BBB333

...my current state of residence has NO income tax but the sales tax is quite hefty.... my current house is about two-thirds the size of my prior house in another state, but the property taxes here are more than three times the property taxes in our previous abode... the sword cuts both ways....one way or another the gubbermint has its dirty paws in your wallet....


38 posted on 01/17/2020 8:01:09 AM PST by TokarevM57
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To: ConservativeMind
While the jury’s still out on the benefits of living in a state with no income tax, experts agree that there is one clear result for those states that do levy an income tax. It helps the poor.

The author states the rational, not the realilty, for the income tax helping the poor. High income tax states have high levels of poverty relative to their GDP and significantly higher cost of living than no income tax states. For example, you need anywhere from 40 - 60% higher income in New York or California to live the same lifestyle as in Texas or Florida.

39 posted on 01/17/2020 8:03:24 AM PST by CMAC51
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To: ConservativeMind

They find other means to tax.


40 posted on 01/17/2020 8:04:33 AM PST by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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