Quote from 8mpg
Im sorry you feel that way. I work with 3 nurses from California in my small ICU and they all say they are much better off here. One gal just moved here and said she paid $10k in state taxes last year on top of all the FICA, SS, Medicare, etc PLUS sales tax. Her take home income was around the 50% mark after all deductions including union dues. Im not sure where you are in Texas but a gallon of milk is no where near $4 a gallon. Im payin $2.50. Parts of california just topped $5 per gallon if you didnt see that in the newspaper where the state government switched early to winter grade fuel to make it cheaper. I just paid $3.35/gal. Also, when houses are soooo expensive in California they entertain 60 year mortgages and interest only mortgages, this is not something done in Texas due to the low cost of living.
Yes, we have the same basic federally mandated taxes. We do have sales tax but we do not pay property tax on top of it. Paying state tax and 9.75% sales tax in California can eat you up.
2011 California Tax Rate Schedules
— Single or married/RDP filing separately
|If the taxable income is
||But not over
||Of amount over
This is the CA Tax Rate Schedules for 2011. This is direct from the state website.
In order for a person to pay about 10K in state income
tax only, they must be earning at least $132,000.
Here is a crude calculation below
So out of that $132,000 on the first $48,029 you pay a tax of 2,114.62 and the remaining $84,000, you pay a tax of 84,000 X 9.3% = $7812. $7812.00+ $2114.62=$9,926 which is close to 10 thousand dollar.
I wonder who in their right mind will leave a job that pays them $132,000
for one that pays about 60k-70k
(high RN wages in Texas) just so that they can save some money on state taxes and gas