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US migration within the country

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  • #16
    Re: US migration within the country

    Yeah, maps are Koch tax foundation, so a bit skewed. They show top marginal income rates only, so for a New England example, for most people RI income taxes are lower than MA, because MA has a flat tax and RI taxes the first $75k or so you earn at lower rates. Really should account for brackets, but harder to show on a map. Property taxes are average, and obviously can vary a lot by municipality. Sales taxes I think they do a good job with, though, since they combine state and local. They really get NH wrong, NH has no tax on income, only interest & dividends. They put a couple stars next to it, but it's deceiving on purpose. I think Tennessee has the same sort of thing going on.

    Tradeoffs are interesting. Low property tax states tend to have high sales taxes. High property tax states might have either no income taxes or no sales taxes. NJ is a really weird case because they don't tax out of state income and so many people who live there work in NYC. CT suffers from the same problem since NY doesn't have reciprocity agreements like most neighboring states do.

    Anyways, there are some clear regional preferences. The south generally prefers lower property taxes and higher sales taxes, except for Texas. The northeast and midwest tend to prefer the opposite, with Chicago and NYC skewing the sample. Excise can end up adding a lot too. This is another way of looking at it:

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    • #17
      Re: US migration within the country

      Zerohedge view
      https://www.zerohedge.com/news/2019-...ctional-cities

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      • #18
        Re: US migration within the country

        Originally posted by Mega View Post
        Agree w/ a lot of it. not all. But at least they're recognizing the trend.

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        • #19
          Re: US migration within the country

          Originally posted by dcarrigg View Post
          Agree w/ a lot of it. not all. But at least they're recognizing the trend.

          It's damn hard to run a G-20 style economy without good wages for most people.
          Most people's wages have not gotten better for 30 years in the US.

          Eventually the robber barons will wake up and realize there is no one left with enough money to buy all the crap they sell.
          Not their recurring subscriptions for software products; not their sky high drug prices; not their inflated rents; not their expensive cable TV services.

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          • #20
            Re: US migration within the country

            They're so many levels removed from it now. I doubt most care or even notice. Just pass the bag to the next guy and plunge into the next expanding bubble or emerging market. Laugh when the historians tell you you're playing a dangerous game at the panel at Davos. Winter in Dubai. Rinse and repeat. Out of sight, out of mind.

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