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[longtimefan]

Thats fine ... it is far better than throwing out a generic statement which obviously is not true 100% of the time. I have said nothing about NY support and the reason it is that way is because of high net worth individuals living in NYC in a largely concentrated area. It isn't rocket science. It is also why businesses have slowly been leaving, the fact is yeah its one year but lets not paint the narrative that the state leaches off the system all the time as I have already given you one bullet point to counter that narrative. Aside from that and the ridiculous tax argument not sure what else to say.

There is a general pattern--historically, some states have been net givers to the Feds, some have been net takers.

I don't think using sales taxes as a (the?) primary source of state revenue is good policy, as sales taxes are regressive.

 

[capeorange]

There is a general pattern--historically, some states have been net givers to the Feds, some have been net takers.

I don't think using sales taxes as a (the?) primary source of state revenue is good policy, as sales taxes are regressive.

Where I live in Florida, the sales tax is 6.5%. In Syracuse it's 8%.
We get a lot of revenue from tourists who use our services and infrastructure. Our state has a surplus and a lower sales tax in most areas. Something must be working. I agree that sales taxes are regressive.

Edit: How did this thread end up here?

 

[wfschrec]

There is a general pattern--historically, some states have been net givers to the Feds, some have been net takers.

I don't think using sales taxes as a (the?) primary source of state revenue is good policy, as sales taxes are regressive.

Remind me again how many states don’t have a sales tax? 5 and they are NH, OR, MT, DE, and AK but by all means live in a state that takes a chunk of your gross as income tax then pay sales tax.

 

[wfschrec]

Where I live in Florida, the sales tax is 6.5%. In Syracuse it's 8%.
We get a lot of revenue from tourists who use our services and infrastructure. Our state has a surplus and a lower sales tax in most areas. Something must be working. I agree that sales taxes are regressive.

Edit: How did this thread end up here?

Because people lack basic knowledge of taxes and state economies.

 

[sufandu]

State income tax has no bearing on business tax burden ... for example I opened an LLC here in Florida and have to pay an extra tax for state unemployment. It varies .. the other thing to consider is raw cost of goods due to fuel expenditure for transport. There are a lot of reasons that happens. I know when I moved from NY to GA in 2009 I was saving money overall due to lower tax burden. Here in Florida my tax burden is less than GA.

I wasn't referring to state income tax with regards to businesses. Property taxes are lower here. I assume business taxes are too. I would guess transportation for most food should be less since Tennessee is more centrally located geographically and is at the junction of two major interstates. Even locally produced goods are more expensive here than they are in CNY.

 

[wfschrec]

I wasn't referring to state income tax with regards to businesses. Property taxes are lower here. I would guess transportation for most food should be less since Tennessee is more centrally located geographically and is at the junction of two major interstates. Even locally produced goods are more expensive here than they are in CNY.

It depends on the goods and where they originate from. I find here in Florida my costs are comparable to what I spend when I visit family in CNY.

 

[sufandu]

It depends on the goods and where they originate from. I find here in Florida my costs are comparable to what I spend when I visit family in CNY.

Like I said, locally produced stuff in Knoxville is more expensive than the same type of stuff produced locally in Syracuse. It doesn't make sense. Lower fuel costs. Lower taxes in every way. Presumably cheaper labor. Whatever. It is what it is.

 

[wfschrec]

Like I said, locally produced stuff in Knoxville is more expensive than the same type of stuff produced locally in Syracuse. It doesn't make sense. Lower fuel costs. Lower taxes in every way. Presumably cheaper labor. Whatever. It is what it is.

Well I can't explain it because I have no idea what goods you are referring to but every cost of living calculator I run Syracuse vs Knoxville through tells me Knoxville is cheaper in most every category (not that I necessarily believe them totally based on presented numbers because some don't make sense).

 

[sufandu]

Well I can't explain it because I have no idea what goods you are referring to but every cost of living calculator I run Syracuse vs Knoxville through tells me Knoxville is cheaper in most every category (not that I necessarily believe them totally based on presented numbers because some don't make sense).View attachment 254466

I'd be curious to know how that's calculated. I'm sure land taxes play a huge role. Knoxville has a big advantage there. Housing costs have exploded here though. A year or two ago, home prices exceeded the national average for the first time ever. They've taken a huge jump since covid.

 

[wfschrec]

I'd be curious to know how that's calculated. I'm sure land taxes play a huge role. Knoxville has a big advantage there. Housing costs have exploded here though. A year or two ago, home prices exceeded the national average for the first time ever. They've taken a huge jump since covid.

Most areas south of the Mason Dixon are seeing this. I used to live in the Atlanta metro ... close to Athens. Property values were skyrocketing when I left. I moved to Florida and they are building like crazy here. I have seen a lot of southern states (east primarily because I haven't looked westward) with fast growing home prices and population booms.

 

[FasterCuse]

One good thing is that by playing Tennessee in week 1, we are going to know where this team stands. This won't be a year, when we open with a cupcake and narrowly pull out a victory, then lie to ourselves that the coaches kept the offense and defense vanilla because we didn't want to show others what we had. I think 100% of the playbooks are in the rotation tomorrow, and heck maybe even a couple of trick plays if the situation permits.

 

[sufandu]

Most areas south of the Mason Dixon are seeing this. I used to live in the Atlanta metro ... close to Athens. Property values were skyrocketing when I left. I moved to Florida and they are building like crazy here. I have seen a lot of southern states (east primarily because I haven't looked westward) with fast growing home prices and population booms.

Yeah. Huge infux of Californians. They sell their tiny expensive houses there and no price here seems too high in comparison.