Taxes

[vicman]

nice article:

http://www.bcentral.com/articles/harper/149.asp


*******************
When federal taxes are included, the 10 states that imposed the lowest total tax burdens in 2002 were:

State Income Tax (in %)
1. Alaska 27.0
2. Oklahoma 29.0
3. (tie) West Virginia 29.1
Alabama
5. Tennessee 29.2
6. North Dakota 29.5
7. South Dakota 29.7
8. (tie) Mississippi 29.8
Montana
10. Louisiana 30.1


Meanwhile, the highest total taxes were levied in:

50. Connecticut 36.7
49. Washington 35.6
48. New York 34.7
47. New Jersey 34.3
46. Wyoming 34.1
45. Wisconsin 33.2
44. Minnesota 32.9
43. (tie) Michigan 32.8
Illinois
41. California 32.7


When only state and local levies are considered, the 10 tax-friendliest states of 2002 were:

1. Alaska 6.3
2. Tennessee 8.4
3. New Hampshire8.6
4. Texas 9.0
5. (tie) Alabama 9.1
Colorado
South Dakota
8. (tie) Nevada 9.3
Florida
10. Oregon 9.4


The states with the most onerous state and local taxes were:

50. Maine 12.8
49. New York 12.3
48. Wisconsin 12.0
47. Hawaii 11.6
46. (tie) Minnesota 11.3
Rhode Island
44. (tie) Utah 11.2
Ohio
42. Vermont 11.0
41. Connecticut 10.9

[MadamMillie]

sorry...dumb question...but was the district inlcuded as a "state?" we get RAPED

[vicman]

Originally posted by MadamMillie
sorry...dumb question...but was the district inlcuded as a "state?" we get RAPED

hmm.. i dunno...but that Washington on the list is weird if its the State of Washington. one reason i moved out of DC to VA a year and a half ago, i got about $90 extra per pay check

[MadamMillie]

Originally posted by vicman
hmm.. i dunno...but that Washington on the list is weird if its the State of Washington.

why is that weird?

[shadygroovedc]

No. The District is not included in those rankings, but take a look at this link. You're right. DC residents DO get raped. Holy fuck. I'd never live in DC.

http://www.taxfoundation.org/statelocal02.html

[cookiegirl]

There are tradeoffs, if you work in DC. Especially transportation -- I walk to the office every day. It's free and healthy, so I consider that one good pro to the tax rate con. I'm not saying it doesn't blow though, I would obviously love to take home more $$$.

[shadygroovedc]

Originally posted by cookiegirl
There are tradeoffs, if you work in DC. Especially transportation -- I walk to the office every day. It's free and healthy, so I consider that one good pro to the tax rate con. I'm not saying it doesn't blow though, I would obviously love to take home more $$$.

That's pretty sad if you have to use "walking" as one of the pros. I feel for ya.

[vicman]

[vicman]

Originally posted by MadamMillie
why is that weird?

i wouldnt have expected the state of washington to be on the list, whats there besides seattle ?

[shadygroovedc]

Originally posted by vicman
i wouldnt have expected the state of washington to be on the list, whats there besides seattle ?

Uh, Tacoma and Redmond to name a couple. Redmond is where Microsoft headquarters are. The area between Seattle and Redmond is probably in the top 10 filthily rich areas in the U.S. So, I can totally see why Washington State would gouge those residents of all their hard earned money.

[MadamMillie]

Originally posted by vicman
i wouldnt have expected the state of washington to be on the list, whats there besides seattle ?

why not?

nothing much is in wyoming (except for nat'l parks) and maine (except for lobsters)

[rockyblue]

Originally posted by cookiegirl
There are tradeoffs, if you work in DC. Especially transportation -- I walk to the office every day. It's free and healthy, so I consider that one good pro to the tax rate con. I'm not saying it doesn't blow though, I would obviously love to take home more $$$.

it true, though. not owning a car saves an incredible amount of money when you factor in payments, insurance, tax, gas, etc.

[vicman]

i dunno, i'm just saying, geeze leave me alone

[cookiegirl]

Originally posted by shadygroovedc
That's pretty sad if you have to use "walking" as one of the pros. I feel for ya.

No, I'm using "don't have to take Metro or deal with idiots on the roads" as the pros.

[cookiegirl]

Originally posted by rockyblue
it true, though. not owning a car saves an incredible amount of money when you factor in payments, insurance, tax, gas, etc.

Eggzackly.