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(Yahoo)   If you have to be rich, you don't want to be rich in California   (finance.yahoo.com) divider line 45
    More: Sad, Mr. Young, high taxes, University of Nevada, Gerard Depardieu, cnnmoney, income taxes, Phil Mickelson, David Geffen  
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16102 clicks; posted to Main » on 08 Feb 2013 at 1:18 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2013-02-08 01:25:32 AM  
10 votes:
If, after taxes, you still make more than 10X the amount of the median national income, then you can go piss up a rope about your tax complaints.
2013-02-08 01:32:08 AM  
7 votes:

Brontes: We'll gladly take your millionaires in Texas.  Move silicon valley over to Austin while you are at it.


Problem is no Silicon Valley computer scientist wants to live in a state where the education board is dominated by creationists, no matter the low tax rates.
2013-02-08 01:07:56 AM  
7 votes:
Boo-farking-Hoo.  Mickelson gets paid more for finishing 2nd in a major than most of us will earn in a lifetime.  And all he's doing is chasing a white ball around a grassy knoll.

Go cry elsewhere, moron.
2013-02-08 01:01:23 AM  
6 votes:

jehovahs witness protection: If you have to be rich, you don't want to be rich in California

FTFY


I'd rather be here than in a flyover state full of ignorant Teabaggers.
2013-02-08 12:30:49 AM  
5 votes:
If you have to be rich, you don't want to be rich in California

FTFY
2013-02-08 01:36:07 AM  
4 votes:
I'm waiting for the flood of rich liberals who are going to flock to CA in order to be good citizens and pay the highest tax possible.
2013-02-08 01:35:07 AM  
4 votes:
For some reason, I think I would be ok with being rich in California.
2013-02-08 01:28:07 AM  
4 votes:
We have our priorities all backwards.  We should reward people for being rich and punish people for being poor, because rich people are better. Think of how awesome the world would be if everyone was rich!

That's why I've asked Congress to pass my "poors pays mores" tax plan. The idea is really simple. If you're poor, you pay more in taxes. It's a common-sense plan to punish the worthless slackers who refuse to be rich. Once all the poors see the economic advantages of being rich, they'll work harder and become rich, and then there won't be any more poor people.
2013-02-08 01:22:35 AM  
4 votes:
If you rich people don't want to pay your fair share, then get the hell out.
2013-02-08 12:41:54 AM  
4 votes:
You'd still be rich, submitter.
2013-02-08 01:40:57 AM  
3 votes:

Meatybrain: You deduct state taxes. It doesn't add to your tax burden, it just moves it around a bit.


A deduction is not the same as a credit.
2013-02-08 05:08:03 AM  
2 votes:

AverageAmericanGuy: If you rich people don't want to pay your fair share, then get the hell out.


By fair share, I'm sure you're intending to mean: "ALL OF IT!!"
2013-02-08 03:44:40 AM  
2 votes:

Lorelle: jehovahs witness protection: If you have to be rich, you don't want to be rich in California

FTFY

I'd rather be here than in a flyover state full of ignorant Teabaggers.


Good, we don't want you.  You can live in your high-tax, gun-free liberal utopia.
2013-02-08 02:32:04 AM  
2 votes:

RealFarknMcCoy2: OgreMagi: RealFarknMcCoy2: Boo farking hoo. It's the tax rate on income over a million dollars per year. Pardon me while I cry a river for those poor, destitute multi-millionaires...

It's not just one tax here in California.  Across the board, we have some of the highest taxes in the entire country.  They only thing that isn't high is property taxes.  And even though Federal taxes are the same rates across the country, California paychecks are higher but we have a higher cost of living.  So we pay more Federal income tax but aren't really making more money once you adjust (New York City probably has this same problem).

I am a California native. I know what California's taxes are like. I still say, if you're pulling in more than a million dollars a year, you don't deserve any farking sympathy.


I don't make a million dollars, but I still say my taxes are too high.  And people who think it's ok to screw people over just because they have more are greedy bastards who just want a piece of someone else's pie without having to work for it.
2013-02-08 01:46:18 AM  
2 votes:

Ed Willy: Problem is no Silicon Valley computer scientist wants to live in a state where the education board is dominated by creationists, no matter the low tax rates.


umm yeah, why would income matter to a computer scientist. We are all about the local education board's view points. ....dumb ass sparty

// For the record, just took a Job in Austin this summer. Turned down offers from LA and Silicon and CT. Money does farking matter
2013-02-08 01:39:03 AM  
2 votes:
Lately I've been thinking of ways to skirt tax laws, because ever since the dollar's gone to shiat my tax burden has been pretty hefty, even though I live and work overseas.

What if you weren't taxed on your income, but on the percentage of your income left over after deducting all your expenses. Food, housing, repairs, fuel, toys, video games, TVs, every expense. Since you're spending that money, it's going back into the economy, so it's not being hoarded and removed from the economy. Then, at the end of the year, if you spent everything you have, you aren't going to get hit by a tax bill that sends you into debt. Rather, you'd owe nothing since you've already passed along the money.

The remainder of the unspent income could be taxed, which would put a greater burden on high-income earners who would either pay taxes on a larger amount or would spend in greater amounts. Either way is a net benefit to society. Low-income earners who are eking out their existence wouldn't pay any tax at all.
2013-02-08 01:36:05 AM  
2 votes:
I don't know about anyone else, but if someone offered me a job that paid over $1 million per year, I wouldn't be particularly worried about being in a higher tax bracket.
2013-02-08 01:34:22 AM  
2 votes:
You deduct state taxes. It doesn't add to your tax burden, it just moves it around a bit.

If you're too stupid to realize this, you don't deserve to be a farking millionaire, you gilded asswipe.
2013-02-08 01:31:27 AM  
2 votes:
Make no mistake: states need income. They'll get it one way or the other. Oregon has no sales tax, but makes up for it elsewhere. Washington state has no state income tax, but...you get the point.

You want to look at money collected as a ratio of your income. The state that collects the least is Alaska. Nevada's in there too. A handful of states that I have no interest in living in.

On the other hand, despite the financial issues in California, I drive a few hours and I'm at a beach. Or, in the other direction, I'm in the Wine Country. A few hours northeast and I'm skiing in the Sierras, or an hour to Oakland and I can be shot to death. This state has more to offer than any other place. I might pay a bit more, but it's got cultures, interesting topography, plenty of fertile land, and an inordinate number of crazy street people that might decide I'm the devil at any moment and try to gouge my eyes out.

And treasure? It's under da big W.
2013-02-08 01:26:53 AM  
2 votes:

jehovahs witness protection: If you have to be rich, you don't want to be rich in California

FTFY



favim.com
"So then, he liked totally moved, 'cause he said the taxes were too high."
"Really?"
"No."
2013-02-08 01:26:07 AM  
2 votes:
I hear that the housing in California is so ultra-expensive because it's a terrible place and no one wants to live there.  Conversely, real estate in Nebraska is dirt cheap because Nebraska is super-awesome and in really high demand.

Yes, I'm sure that's what I heard.
2013-02-08 01:20:08 AM  
2 votes:
I heard all the gold in California is in a bank in the middle of Beverly Hills in somebody else's name.
2013-02-08 12:35:07 AM  
2 votes:
We'll gladly take your millionaires in Texas.  Move silicon valley over to Austin while you are at it.
2013-02-09 02:42:04 AM  
1 votes:
If you're rich and being taxed... you still happen to be rich after the taxes.  Just sayin'.
2013-02-08 07:37:43 AM  
1 votes:
Why shouldn't rich people pay more? I'm barely scrapping by making less than $57k a year, and some asshole get to cruise through life because he has foresight and drive? How is that remotely fair? This is America for God's sake. The land of opportunity. So why don't I get the opportunity to get some of that money? The rich should give up a couple million here and there and let us poorer people enjoy life a little bit too. It's not like they'll miss it. What, they have to buy one less yacht this year? Boo hoo. If you have 3 Dodge Vipers, I should at least be given 1 of them.
2013-02-08 07:21:52 AM  
1 votes:
I hate when people want to do things with their own money that they earned. I know a bunch of different ways where I could spend it better than they could.
2013-02-08 06:49:47 AM  
1 votes:
Why don't people who favor higher tax rates for the wealthy call it a financial success tax?  At least that would be honest.  Yes I know, that would hurt support for their cause.  Well, that's the point, so what's the problem?
2013-02-08 04:10:40 AM  
1 votes:

Brontes: We'll gladly take your millionaires in Texas.  Move silicon valley over to Austin while you are at it.


Only problem is that when they do move to Texas they try to turn it into the same type of craphole that they came from kind of like the illegal aliens.
2013-02-08 02:59:27 AM  
1 votes:

illannoyin: According to the U.S. Census Bureau, from 2000 to 2010, California lost a net of 519,600 jobs while Texas gained 1,093,600 jobs. This fueled a net domestic outward migration of middle class families from California, with almost two million more Americans moving out of California than moving in. Meanwhile, Texas saw a net gain of 781,542 from domestic migration, with about 1,000 people per day moving into the state in 2009.

/It's not just rich people
//It's not just California
///I'm counting the days


Texas leads the nation in minimum-wage jobs, and many positions don't offer health benefits. (...) Some 550,000 workers last year were paid at or below the federal minimum wage of $7.25, more than double the number making those wages in 2008,

Visit Texas for the humidity. Stay for the poverty.
2013-02-08 02:49:58 AM  
1 votes:

AverageAmericanGuy: Lately I've been thinking of ways to skirt tax laws, because ever since the dollar's gone to shiat my tax burden has been pretty hefty, even though I live and work overseas.

What if you weren't taxed on your income, but on the percentage of your income left over after deducting all your expenses. Food, housing, repairs, fuel, toys, video games, TVs, every expense. Since you're spending that money, it's going back into the economy, so it's not being hoarded and removed from the economy. Then, at the end of the year, if you spent everything you have, you aren't going to get hit by a tax bill that sends you into debt. Rather, you'd owe nothing since you've already passed along the money.

The remainder of the unspent income could be taxed, which would put a greater burden on high-income earners who would either pay taxes on a larger amount or would spend in greater amounts. Either way is a net benefit to society. Low-income earners who are eking out their existence wouldn't pay any tax at all.


Are you going to subtract credit card debt from the leftover money? What about investments? Wouldn't you be punishing people who are trying to save money to buy a home or start a business?
2013-02-08 02:45:00 AM  
1 votes:
According to the U.S. Census Bureau, from 2000 to 2010, California lost a net of 519,600 jobs while Texas gained 1,093,600 jobs. This fueled a net domestic outward migration of middle class families from California, with almost two million more Americans moving out of California than moving in. Meanwhile, Texas saw a net gain of 781,542 from domestic migration, with about 1,000 people per day moving into the state in 2009.

/It's not just rich people
//It's not just California
///I'm counting the days
2013-02-08 02:40:25 AM  
1 votes:
I would pay an enormous sum annually to not live in Texas.
2013-02-08 02:39:06 AM  
1 votes:

OgreMagi: Don't you guys hate transplant Californians with the heat of a super nova?


It's all in how you come off.

Example A: Talk about how crappy the weather is compared to So. Cal, wondering when the sun returns - How much you miss being able to have a tan year-round, that it's impossible to keep your BMW clean, and asking what people do for fun around here. You'd be surprised at how many transplants are like that.

Example B: Say that you came up here for the booming tech industry, and once you saw how clean the air is, close the mountains are and how cool the vibe is overall, you had to stay (while wearing a North Face fleece vest and jeans). You'll be accepted in seconds.

This is a pretty good account of a Cali transplant making the adjustment (warning, NSFW photo in article)

/both parents and brothers were So-Cal transplants
//only Washingtonian in the family
2013-02-08 02:20:42 AM  
1 votes:

RealFarknMcCoy2: Boo farking hoo. It's the tax rate on income over a million dollars per year. Pardon me while I cry a river for those poor, destitute multi-millionaires...


To be totally fair, in Silicon Valley, you make a million bucks once (when you exit, if you're lucky) and then never get that close again (unless you get a 9 or 10-digit exit more than once, which is a bit like winning the lotto).  Unless you're one of the VC's who are already worth 9 or 10 figures to begin with of course.

And since the average starter house is over a million bucks, it's not like the single-multi-millionaires (vs. the multi-multi-millionaires) are rolling in it.

/Getting dinged for 37% (+ 9.X% sales) and I'm underpaying so I can pay off student loans faster.
//Making 2.5x as much as my father in Michigan and living a lower lifestyle.  
///I've got no idea how the min-wage workers do it.  The studio of sadness was $1250/month, which is an entire month's pay after-tax at min-wage.
////I wouldn'tnecessarily mind it if it could tell where the ~13% of my income that I pay in state taxes (+ the $1000 that I had to pay to register my car) went, but it doesn't seem to go anywhere.  At least Michigan had decent traffic (with a couple of exceptions.  Stay off I-696 heading west in the afternoons), and could keep the roads more or less patched on their ~8%.  California can't even do that.
2013-02-08 02:09:11 AM  
1 votes:

RealFarknMcCoy2: Boo farking hoo. It's the tax rate on income over a million dollars per year. Pardon me while I cry a river for those poor, destitute multi-millionaires...


It's not just one tax here in California.  Across the board, we have some of the highest taxes in the entire country.  They only thing that isn't high is property taxes.  And even though Federal taxes are the same rates across the country, California paychecks are higher but we have a higher cost of living.  So we pay more Federal income tax but aren't really making more money once you adjust (New York City probably has this same problem).
2013-02-08 01:57:32 AM  
1 votes:

BuckTurgidson: A state that votes itself reasonable public goods,
then always vehemently votes against any public servant who would dare tally the bill for such goods,

Failing?

[www.ssqq.com image 400x397]


We Californians actually voted to increase some taxes last November as well as vote in a Democratic super majority in the state legislature (which will certainly lead to increased fees).  From my point of view, it looks like Californians are willing to pay more for all our "reasonable public goods."
2013-02-08 01:55:49 AM  
1 votes:

ongbok: Brontes: We'll gladly take your millionaires in Texas.  Move silicon valley over to Austin while you are at it.

The problem with living in Austin is that eventually you will have to venture out into real Texas, and real Texas is a horrible place. From what I've been told.


You should check it out. Other than deep west / panhandle Texas (which is pretty if you're into desolate desert lands), deep east Texas (racist rednecks), and the Mexico border drug wars it's really a nice place. If you like Austin, then it's pretty much all the same in the San Antonio - Dallas - Houston triangle. Honestly when you drive down I-35 you really won't notice driving out of a city at all when driving from Georgetown until you get south of San Antonio.

The thing about Texas and taxes is that our property taxes are ridiculous. Uncle Sam is going to get his, it's just that he doesn't use a state income tax to do it here. That's also argued as being something that unfairly targets lower income families since you can't tie that tax to your income level. Well, outside of not buying / renting what you can't afford.

I've only been to California three times and all 3 times it seemed OK. Twice to stay at VERY nice mansion on the water in Malibu and a VERY nice ranch in Simi Valley, and once to stay in a crappy hotel in Compton (all company trips). But I can't judge CA off of that because that's all I've ever seen of it. That would be like me judging all of Texas with only having seen Austin.
2013-02-08 01:50:28 AM  
1 votes:

SirCodeAlot: Ed Willy: Problem is no Silicon Valley computer scientist wants to live in a state where the education board is dominated by creationists, no matter the low tax rates.

umm yeah, why would income matter to a computer scientist. We are all about the local education board's view points. ....dumb ass sparty

// For the record, just took a Job in Austin this summer. Turned down offers from LA and Silicon and CT. Money does farking matter


www.leptondale.org
2013-02-08 01:49:38 AM  
1 votes:

Meatybrain: You deduct state taxes. It doesn't add to your tax burden, it just moves it around a bit.

If you're too stupid to realize this, you don't deserve to be a farking millionaire, you gilded asswipe.


Something being tax deductable doesn't mean it comes as no cost to you.  The deduction is from taxable *income*, not from the actual tax owed.  If you're in the top Federal tax bracket of 39.6%, every dollar of state income tax increase costs you 60.4 cents.

/complaining about it still makes them gilded asswipes
2013-02-08 01:49:31 AM  
1 votes:

Hagenhatesyouall: jehovahs witness protection: If you have to be rich, you don't want to be rich in California

FTFY

[us.123rf.com image 850x567]

[www.butterfieldinn.com image 850x479]

[encrypted-tbn3.gstatic.com image 196x258]


Yes, California is terrible.  It's a horrible place to visit, especially.  Please do not ever come here.
2013-02-08 01:40:43 AM  
1 votes:

uselessgit: I'm waiting for the flood of rich liberals who are going to flock to CA in order to be good citizens and pay the highest tax possible.


Not just a clever name, eh?  Damn all those Hollyweird liebural elitists living in Hollywood, I bet none of them even set foot in Caleeforney.
2013-02-08 01:40:12 AM  
1 votes:
A state that votes itself reasonable public goods,
then always vehemently votes against any public servant who would dare tally the bill for such goods,

Failing?

www.ssqq.com
2013-02-08 01:30:06 AM  
1 votes:
Fine. Leave. Clearing out bel air and the hills of beverly would do wonders for traffic. Plus I wouldnt get yelled at in Farsi so much. How hard is it to say f you in english ?
2013-02-08 01:28:51 AM  
1 votes:
Born and raised native Californian.

Love the weather and the natural beauty.

Hate the politicians and 60% of the idiots who vote here.
2013-02-08 01:22:58 AM  
1 votes:
Well if being rich sucks so bad in whatever state you live in Ill take some of the excess money off your hands for you.
 
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