Texas tax none
 

Why the bushs are from Texas. Because texas has no income tax. If your're big time from spell check: Kennybunkeport or Marthas vineyard you can claim the ahole State of texas as home & skate on tax. :cool: 1 more beer then?

Well, friend, I'm from Texas myself and I am definitely not 'skating on tax'. But you are welcome to have another beer if it will make you feel better.

Are you saying Texas does have an income tax, or that you make up for it in sales and property tax?

I've got no point here, just curious.

We make up for it in sales and property tax. Local sales tax in Austin is 8.25 % (state plus local.)

Was I wrong about the income tax? or just loaded? Last time I did a Google on it, maybe I misconstrued what I found! Sorry

No no, buster, we definitely don't have an income tax here in Texas. But our other taxes are higher to make up for it, so we're not getting any kind of special deal.

Plenty of rich people who live elsewhere put states like Florida down as their home state, to avoid income tax. This is one reason Ditka isn't running against Obama - he'd have to move his legal residence back to his actual residence. I don't think we can tar Bush with this particular brush, though, since he actually lived there for quite a while.

Don't ever come to the People's Republic of California. That's the sales tax here in LA too, plus the highest property taxes in the country (in dollars per person) and a HUGE income tax.

You'd think with all that money coming in we could, you know, fix the roads and keep the hospitals open, buy books for kids and pay our teachers.

Oh well.

-sm

That's a strange way to count property taxes. Not that I'm disputing California's reputation as a high-tax area.

Anyway, I doubt that property and sales taxes can make up for income tax, for the extremely wealthy. For the most part, the wealthier you are, the smaller the percentage of your income goes to property and purchases (assuming a modicum of restraint - see Mike Tyson).

Here's an article on a national sales tax.
Plus, my dad's quoted in it.

Dude! Were you aware that your dad is chief Democratic tax counsel for the Ways and Means Committee??

well done i say

I didn't know about "chief", so that's cool. The rest I knew.

I find that sales tax proposal really scary. :worried:

It might cut into your doodad purchasing power, but overall you should come out ahead if they are not taking the government's cut out of your salary anymore.

Only the extremely wealthy would come out ahead. Everyone else spends a higher percentage of their money. Ironically, the ones worst hit would be those members of the middle class who live on the edge of their means, with massive credit card debt. A distressing number already.