West Virginia "on a path to eliminating its personal income tax"

[Anonymous]

Anonymous wrote:Just don’t freak out when you regularly encounter Billy Bob and Mee Maw at the grocery store looking at Mountain Dew with a gun strapped to their hip.

Why would anyone freak out about that?

[Anonymous]

Anonymous wrote:Typical red state stuff - let's pay less taxes and rely on the $ feds collect from blue states.

+1

[Anonymous]

Anonymous wrote:I've considered moving there (have a house in Canaan Valley, which is significantly cooler in the summer than DC, the high today is 76*) but the bad schools is what's holding me back.

West Virginia is under rated in a lot of ways (at least in some parts) but it's not a feasible option for me, with or without income taxes.

Unintentionally hilarious.

[Anonymous]

Anonymous wrote:It’s a shell game. The costs are the costs and they’ll extract the funds from people under some other header.

Schools, libraries, parks, trash/recycling/yard waste pickup, road maintenance, emergency services, and so forth. All this stuff costs more or less depending on what the quality of service you're delivering.

Ain't no such thing as a free lunch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've considered moving there (have a house in Canaan Valley, which is significantly cooler in the summer than DC, the high today is 76*) but the bad schools is what's holding me back.

West Virginia is under rated in a lot of ways (at least in some parts) but it's not a feasible option for me, with or without income taxes.

Unintentionally hilarious.

+1

[Anonymous]

worked so well in NH where there's no income or sales tax but there are MASSIVE property taxes that hit the elderly and retired the hardest.

Also, they can't afford to run their public schools, which, I know, I know is the point here, but it DOES cause some difficulty when people find out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I lived in Texas for 14 years, was a homeowner for two. While there's no state income tax, the property taxes are pretty high to make up for it. They don't seem to be suffering.

My husband’s family lives in Texas- We live in MoCo. we pay $14,500 in property taxes and over $30K in state income taxes. My BIL lives in Austin’s and pays about $18K in property taxes. Our home values are the same.

I would take their bill.

that 18k in property taxes is probably on a 500k house. your 14.5k in property taxes are on a 1.3M house. does that sound right? my property taxes in rockville for a 1.1M house are 12k
in the austin urban core (east of mopac, west of 35, south of koenig and north of oltorf), a 500k house is a shack. anywhere else, you're in a soulless suburb like cedar park. you get what you pay for

+100
You can tell this pp actually lived in Austin and knows what she's talking about while the other pp has never lived there and doesn't know. I lived in Austin for a while North of Ben White Blvd but South of the river and anyone that thinks Texas has low taxes has never lived there.

There was a Business Insider story of a guy that moved from the Bay Area to Austin and then moved back.

He said the combination of significantly higher property tax in Austin plus absolutely massive electricity bills ($2k per month on yes a large house…like 5,000 square feet) was a wash with CA taxes.

Admittedly, if you live close to the coast in CA you never need AC and rarely need heat.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I lived in Texas for 14 years, was a homeowner for two. While there's no state income tax, the property taxes are pretty high to make up for it. They don't seem to be suffering.

My husband’s family lives in Texas- We live in MoCo. we pay $14,500 in property taxes and over $30K in state income taxes. My BIL lives in Austin’s and pays about $18K in property taxes. Our home values are the same.

I would take their bill.

that 18k in property taxes is probably on a 500k house. your 14.5k in property taxes are on a 1.3M house. does that sound right? my property taxes in rockville for a 1.1M house are 12k
in the austin urban core (east of mopac, west of 35, south of koenig and north of oltorf), a 500k house is a shack. anywhere else, you're in a soulless suburb like cedar park. you get what you pay for

+100
You can tell this pp actually lived in Austin and knows what she's talking about while the other pp has never lived there and doesn't know. I lived in Austin for a while North of Ben White Blvd but South of the river and anyone that thinks Texas has low taxes has never lived there.

There was a Business Insider story of a guy that moved from the Bay Area to Austin and then moved back.

He said the combination of significantly higher property tax in Austin plus absolutely massive electricity bills ($2k per month on yes a large house…like 5,000 square feet) was a wash with CA taxes.

Admittedly, if you live close to the coast in CA you never need AC and rarely need heat.

Yeah, you can have broad-based taxes that affect everyone based on their activity—ie, people who WORK pay income tax, people who CONSUME pay sales tax—or you can just fund everything through property taxes, which are least felt by those who have the most ability to WORK and are most likely to CONSUME and are born by people on limited incomes who have land. It's particularly brutal for people who have family land that has been around for generations.

In NH, there are terrible stories of people who had orchards in their family back to the 1760s being forced to sell it because their local property assessments came in so high... Meanwhile, 28yo me didn't pay a DIME in taxes despite having a large and growing income and having kids about to enter the public school system.

(and before you say it, I know that my rent factored in higher property tax, but the overall cost of living is low, so my rent was still great and meanwhile the old codger who worked his whole life on a farm and was proud to say that seven generations before him did the same thing was having to chop down trees and sell the whole thing off)

[Anonymous]

They have to get their money from somewhere. West Virginia has a relatively high tax burden, but the people who live there are poor, and housing is cheap, so you aren't getting much in the way of property or income taxes. They are thinking attract some high income remote/hybrid workers from Northern Virginia, who will build more expensive houses that you can extract more property taxes from.

Just an FYI

https://www.cpapracticeadvisor.com/2024/04/09/how-the-50-states-rank-by-tax-burden/103495/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I lived in Texas for 14 years, was a homeowner for two. While there's no state income tax, the property taxes are pretty high to make up for it. They don't seem to be suffering.

My husband’s family lives in Texas- We live in MoCo. we pay $14,500 in property taxes and over $30K in state income taxes. My BIL lives in Austin’s and pays about $18K in property taxes. Our home values are the same.

I would take their bill.

that 18k in property taxes is probably on a 500k house. your 14.5k in property taxes are on a 1.3M house. does that sound right? my property taxes in rockville for a 1.1M house are 12k
in the austin urban core (east of mopac, west of 35, south of koenig and north of oltorf), a 500k house is a shack. anywhere else, you're in a soulless suburb like cedar park. you get what you pay for

+100
You can tell this pp actually lived in Austin and knows what she's talking about while the other pp has never lived there and doesn't know. I lived in Austin for a while North of Ben White Blvd but South of the river and anyone that thinks Texas has low taxes has never lived there.

There was a Business Insider story of a guy that moved from the Bay Area to Austin and then moved back.

He said the combination of significantly higher property tax in Austin plus absolutely massive electricity bills ($2k per month on yes a large house…like 5,000 square feet) was a wash with CA taxes.

Admittedly, if you live close to the coast in CA you never need AC and rarely need heat.

Yeah, you can have broad-based taxes that affect everyone based on their activity—ie, people who WORK pay income tax, people who CONSUME pay sales tax—or you can just fund everything through property taxes, which are least felt by those who have the most ability to WORK and are most likely to CONSUME and are born by people on limited incomes who have land. It's particularly brutal for people who have family land that has been around for generations.

In NH, there are terrible stories of people who had orchards in their family back to the 1760s being forced to sell it because their local property assessments came in so high... Meanwhile, 28yo me didn't pay a DIME in taxes despite having a large and growing income and having kids about to enter the public school system.

(and before you say it, I know that my rent factored in higher property tax, but the overall cost of living is low, so my rent was still great and meanwhile the old codger who worked his whole life on a farm and was proud to say that seven generations before him did the same thing was having to chop down trees and sell the whole thing off)

Lots of old timers in NV got priced out of their homes when the property values started increasing when the rich Bay Area folks started buying up property there. Their property tax went through the roof and couldn't afford it. We used to have friends in NV who were going through that.

[Anonymous]

Anonymous wrote:It’s a shell game. The costs are the costs and they’ll extract the funds from people under some other header.

My tax policy friends don't agree with this.

They will spend less over time without an income tax. Illinois - one of the worst run states in the Union (the numbers, not an opinion) needs a lot more revenue but cannot make their income tax progressive because they lose at the ballot box. Corruption exacts a price. So their problems get worse.

The challenge withe getting rid of the income tax because it invites regressive taxes. Not sure this equates to a shell game. By way of example, WV would not enact Illinois' outsize pension benefits without a reliable means to pay for them.

[Anonymous]

Anonymous wrote:Anyone else wondering how much West Virginia eliminating income tax will draw people to move there?

I wouldn't live in Florida but I might live in WV....

https://governor.wv.gov/News/press-releases/2024/Pages/Gov.-Justice-announces-4-percent-personal-income-tax-cut-trigger,-marching-West-Virginia-closer-to-eliminating-tax.aspx

https://www.wvnews.com/news/wvnews/west-virginia-gov-justice-announces-4-cut-to-personal-income-tax-pushes-for-more/article_1ba6b644-3f9f-11ef-b297-5357ebf54706.html

No. They already have pretty dismal services as it is. Can’t imagine how much more of a hellscape it can become.

[Anonymous]

Anonymous wrote:It’s works for deleware in attracting retirees but w va is so poor with such endemic issues it not sure it’s a good plan.

Delaware has an income tax. It doesn’t have a sales tax, which is the appeal to retirees who don’t have incomes typically but still consume.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Anyone else wondering how much West Virginia eliminating income tax will draw people to move there?

I wouldn't live in Florida but I might live in WV....

https://governor.wv.gov/News/press-releases/2024/Pages/Gov.-Justice-announces-4-percent-personal-income-tax-cut-trigger,-marching-West-Virginia-closer-to-eliminating-tax.aspx

https://www.wvnews.com/news/wvnews/west-virginia-gov-justice-announces-4-cut-to-personal-income-tax-pushes-for-more/article_1ba6b644-3f9f-11ef-b297-5357ebf54706.html

No. They already have pretty dismal services as it is. Can’t imagine how much more of a hellscape it can become.

The area around Haper's Ferry is nice, especially if you like the outdoors. I know a few people from work who moved there now that we're hybrid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just don’t freak out when you regularly encounter Billy Bob and Mee Maw at the grocery store looking at Mountain Dew with a gun strapped to their hip.

Imagine posting “Tyrone and Daquan at the grocery store looking at swisher sweets with a gun in their waste band”

See how it’s racist?

I see how what you posted is racist but I don’t see a racial element to the first post. You aren’t making any sense.