Moving Trends for 2025

[SAJ-99]

What are you saying? the info is biased/false? I'm trying to understand how that would be possible and the only thing i could think of was capital gains not being taxed but on second thought it might be local sales taxes that hit lower incomes harder? Is property tax a "local" tax?

Try this. Click on the state and it shows how the numbers are put together. Short answer is it's complicated. It's kind of "Effective tax rate" but they have to make a lot of assumptions to compare states.

Who Pays? State-by-State Data

ITEP Tax Inequality Index Click on your state for details. [show-map mapID=whopays6 mapDataStart=2 spreadsheet=1QQyxgYSqfuDGoOQom26DDEXRbvNAMlA4rV_OH__BooY type=whopays2024 width=100%] Forty-four states’ tax systems…

itep.org

 

[BigHornRam]

What are you saying? the info is biased/false? I'm trying to understand how that would be possible and the only thing i could think of was capital gains not being taxed but on second thought it might be local sales taxes that hit lower incomes harder? Is property tax a "local" tax?

I think they include sales tax, but it is hard to
say how they come up with their calculations. A fair percent of the population pays no tax at all, so I'm not buying what they are selling.

 

[Laszlo Cravensworth]

A fair percent of the population pays no tax at all, so I'm not buying what they are selling.

They pay no income or property tax perhaps, but as a percentage of their income they pay a ton of sales tax and junk tax through fees.

 

[Elkmagnet]

Trying to extrapolate and understand this.. Because in progressive state tax rate states the more ordinary income you make the higher tax rate you pay. Is it primarily capital gains not being subject to state/local tax or at lower rates that makes everything so red?

I honestly dont know but it does look like a complicated accounting. That does leave room for bias outcomes.

 

[BigHornRam]

They pay no income or property tax perhaps, but as a percentage of their income they pay a ton of sales tax and junk tax through fees.

Junk tax doesn't sound like a good idea. Is it based on how many inches you have?

 

[Elkmagnet]

What are you saying? the info is biased/false? I'm trying to understand how that would be possible and the only thing i could think of was capital gains not being taxed but on second thought it might be local sales taxes that hit lower incomes harder? Is property tax a "local" tax?

I think he may be pointing out wiki has ITEP described as "liberal".
That claim is based on two cited articles over 22 years time.
Fortunately most people are getting over the "fake news" of everything they don't agree with. People are starting to trust their eyes more than their ears and do some research like you are doing. Good on you for asking deeper questions.

 

[Wind Gypsy]

Try this. Click on the state and it shows how the numbers are put together. Short answer is it's complicated. It's kind of "Effective tax rate" but they have to make a lot of assumptions to compare states.

Who Pays? State-by-State Data

ITEP Tax Inequality Index Click on your state for details. [show-map mapID=whopays6 mapDataStart=2 spreadsheet=1QQyxgYSqfuDGoOQom26DDEXRbvNAMlA4rV_OH__BooY type=whopays2024 width=100%] Forty-four states’ tax systems…

itep.org

Thanks, that's helpful. Looks like I live in the "most equitable" state because property taxes dont vary much as a % of income across the groups and the bottom 20% gets paid by the state rather than paying in state taxes.. Kind of wild to think of sales/excise taxes as 6% of income with a 6.875% state sales tax. Spending every $ made + booze, cigs, and gas at higher rates probably makes it so?



Edit again: holy crap, looking at some of these other states.. A guy is leaving some serious $ on the table with a decent income in these "equitable" states.

 

[SAJ-99]

Thanks, that's helpful. Looks like I live in the "most equitable" state because property taxes dont vary much as a % of income across the groups and the bottom 20% gets paid by the state rather than paying in state taxes.. Kind of wild to think of sales/excise taxes as 6% of income with a 6.875% state sales tax. Spending every $ made + booze, cigs, and gas at higher rates probably makes it so?

View attachment 403789

Edit again: holy crap, looking at some of these other states.. A guy is leaving some serious $ on the table with a decent income in these "equitable" states.

It’s all smoke and mirrors. How real estate is taxed is different by state. Some tax at fair value some at some discount. Then there might be local sales taxes. It is difficult to make a comparison of two states or cities. Some states, like Florida or Texas, sell some low tax fluff, but in many cases they have the same budget problems as other states. I enjoy watching how average Americans perceive how they are winning or losing out of the whole system in their area. Some of the points are valid and some might not be. I guess people can always move.

 

[BigHornRam]

Wyoming doesn't appreciate Jackson Holes contribution to the state.

Teton ‘wealthiest’ in U.S. again, prompting message to Wyoming - WyoFile https://share.google/MUMEhagNrexl775CD

 

[Forkyfinder]

It’s all smoke and mirrors. How real estate is taxed is different by state. Some tax at fair value some at some discount. Then there might be local sales taxes. It is difficult to make a comparison of two states or cities. Some states, like Florida or Texas, sell some low tax fluff, but in many cases they have the same budget problems as other states. I enjoy watching how average Americans perceive how they are winning or losing out of the whole system in their area. Some of the points are valid and some might not be. I guess people can always move.

Wonder how it takes ag prop tax into account?

Someone owning 20k acres in ag is certainly 1% but would pay way less in prop tax as a percentage of income than the average family.

 

[elkduds]

We could go back further.

I’m laying blame on the Denver Pacific Railway.

 

[jryoung]

It’s all smoke and mirrors. How real estate is taxed is different by state. Some tax at fair value some at some discount. Then there might be local sales taxes. It is difficult to make a comparison of two states or cities. Some states, like Florida or Texas, sell some low tax fluff, but in many cases they have the same budget problems as other states. I enjoy watching how average Americans perceive how they are winning or losing out of the whole system in their area. Some of the points are valid and some might not be. I guess people can always move.

This

For the vast majority of Americans, like 99.5% the differences are often minimal once everything get accounted for. Sure if you have obscene wealth and can pick up an move the dollar may be substantial, but likely immaterial and not impacting the purchase of your next mega-yacht.

For everyone else, there are many other factors at play that go far beyond rates. Earning potential coupled with other life factors are the key drivers. In my case, I'm "stuck" in California for now because my wife and I can earn more here, get to retirement quicker, and sell our home with more equity than we could it many other places. We have to work hard, and that comes with a cost too that isn't ignored but it all penciles out for us now and has for the last 20 years. Everyone's math is different, just make sure you have all the most set of complete factors in your equation and not just the "shiney" stuff.

 

[BigHornRam]

View attachment 403791

Jake Pasquinel.

 

[Tradewind]

some advice from Brother Bob

 

[thebestusernamesaretaken]

https://www.visualcapitalist.com/mapped-americas-fastest-growing-and-fastest-shrinking-states-2020-2025/

 

[westbranch]

Big Pickle Ball is making a fortune in Florida right now.

The company that figured out how to sell a paddle made with $5 of materials for >$150 is based in North Idaho: https://www.selkirk.com/

 

[thebestusernamesaretaken]

View attachment 403795

https://www.visualcapitalist.com/mapped-americas-fastest-growing-and-fastest-shrinking-states-2020-2025/

It's interesting - this is a 5 year time span - 200k people leaving NY would hardly be noticed but 191k people moving into ID is very noticeable