Author Topic: New California!  (Read 2412 times)

LC

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Re: New California!
« Reply #10 on: January 18, 2018, 10:29:24 PM »
Incredible how people can willingly choose against their self-interest.

The wealthier, urban areas of California are subsidizing the social services received by these rural areas. And these rural governments want to leave? Good luck!
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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brk.b | cash


rkbabang

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Re: New California!
« Reply #11 on: January 19, 2018, 05:46:00 AM »
Would love to see this.... always wanted to move to ca but couldn't justify the taxes...so heinous... I can always visit.
Are taxes really that high in Cali though? I haven't dug too deep but a quick check if you made 100k per year you would pay about 6.7% of that in income tax. If you lived in some other state, say North Carolina, then you would pay 5%. Is that 1.7% difference really such a big deal?

Well the state income tax rate can be higher than that....plus sales tax, property tax, gas tax, energy and housing costs are all higher for me. Adding up the difference make my house and one car free personally.

In the near future I plan on moving my tax base to a no state income tax state as a greater proportion of my income is derived from cap gains. It won't be very long before that difference pays for the new house in the no state income tax state... = no braina.

If you compare CA to New Hampshire.  We have no income, capital gains, nor sales taxes.  There is a tax on dividends, but the first $5K is tax free.   The property taxes are really not much higher in most of NH than in a lot of high tax states like NY or MA (I'm not sure what property taxes are like in CA).  There are little regulations compared to most states (like no seat belt laws, gun laws, insurance regulations) which makes it among other things one of the safest states and the cheapest place to own a vehicle. And as far as "services" go, NH is one of the states that gives a lot more to the federal government than it gets back, so Federal Taxes are a net loss to the people of NH.  Yet we survive and have a 2% unemployment rate.  If only the big-government types would keep their damn "services" and go "service" themselves.
« Last Edit: January 19, 2018, 06:24:45 AM by rkbabang »

Cardboard

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Re: New California!
« Reply #12 on: January 19, 2018, 05:51:07 AM »
No wonder that RB and LC cannot comprehend what these Californians are thinking and what you are describing Rkbabang. And unfortunately, they likely never will.

Cardboard

LC

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Re: New California!
« Reply #13 on: January 19, 2018, 11:03:40 AM »
No wonder that RB and LC cannot comprehend what these Californians are thinking and what you are describing Rkbabang. And unfortunately, they likely never will.

Cardboard

Hey Cardboard, take the personal shots and go back to Texas (#6 most heavily regulated state in the country)

:P  ;D ;D
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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brk.b | cash

rkbabang

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Re: New California!
« Reply #14 on: January 19, 2018, 04:00:11 PM »
No wonder that RB and LC cannot comprehend what these Californians are thinking and what you are describing Rkbabang. And unfortunately, they likely never will.

Cardboard

Hey Cardboard, take the personal shots and go back to Texas (#6 most heavily regulated state in the country)

:P  ;D ;D

Not to mention rattlesnakes, scorpions, black widows, and fire ants.

rb

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Re: New California!
« Reply #15 on: January 19, 2018, 04:31:52 PM »
Sounds lovely!

Cardboard

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Re: New California!
« Reply #16 on: January 19, 2018, 08:04:49 PM »
"I posted about this in the GE thread. In my view it's unlikely for Berkshire to chomp GE or large parts of it. GE is a bureaucratic mess."

A bureaucratic mess... Could you please help us understand what this means at the corporate level while you never use these words at the government level?

I would like to understand why the right side of your brain cannot communicate to the left side?

Cardboard