Riprock wrote:I doubt it will be millions more.
I just showed you the facts - higher federal taxes, and the state taxes vary. Property taxes? He can live anywhere he wants, he will be travelling most of the year. I think it's overblown.
I got interviewed by schools in Louisiana and Florida, and so investigated the financial situations thoroughly -- what I would make, state taxes, benefits package, state medical plans. Naturally, when I got their benefits package, I had to weigh the pros and cons. In both situations, I would have had to spend about $300-400 / mth to get good medical coverage, but the state tax was laughably low. Florida had, I believe, none, and Louisiana had something ridiculous like 8%.
I have also had colleagues get jobs in Tennessee and Massachusetts. The unanimous consensus I hear from everyone, and from my own investigations, is that you pay much, much less in taxes (income taxes included), but that that is largely offset (for chumps average working stiffs, making, say, $60-100K) by what you have to pump into getting medical coverage.
It stands to reason that that trade off is a lot better for people who are making $500K+.