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Old 05-13-2021, 12:40 PM   #81
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Originally Posted by daylatedollarshort View Post
No one here has said California doesn't have a high COL, though most of that is due to housing. My only point in this thread was that most of the middle class here, and those making up to $200K, do not have high state income taxes relative to other states. The income tax is progressive, so if you and your friends are wealthy, you will pay more in state income taxes. That is by design and how California has a $75B surplus this year.
There's no such thing as a surplus when the total debt is approaching $600 billion.
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Old 05-13-2021, 01:22 PM   #82
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There's no such thing as a surplus when the total debt is approaching $600 billion.

Compared to other states, per capita debt while isn't the best, isn't the worst - https://worldpopulationreview.com/en.../debt-by-state. If your main or only criteria for where to live in retirement is debt load, then maybe you want to rethink Canada - https://www.fraserinstitute.org/stud...canadians-2021

Under a state law passed previously, with the surplus over a set thresholds, middle and lower case families should be getting state tax rebates this year totaling $16B.
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Old 05-13-2021, 03:11 PM   #83
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+1

While I am working, I would pay less state income tax in Cali. than I do in Wisconsin. (AGI ~$150k.)

Of course, maybe my salary would be higher in Cali!
It must be differences in deductions? ADP take home calculator shows $4,145 less take home per year in CA vs WI on $150K. The difference jumps to $8,410 for CA vs WI-neighbor IN.
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Old 05-13-2021, 04:06 PM   #84
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When we decided to move to California we didn't even consider what the state income taxes were, though it seems to have worked out for us, with our deductions and income levels. What we did look at were things like number of parks and weather:

Parks by state
U.S. States Ranked by State and National Park Coverage (playgroundequipment.com)

Pleasant weather Map
Clever Map Reveals Which Cities Get the Best Weather | WIRED

I told DH I didn't care if I had to live in a yurt, I was tired of living in a place with awful weather and nothing to do.
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Old 05-14-2021, 01:15 AM   #85
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Originally Posted by daylatedollarshort View Post
When we decided to move to California we didn't even consider what the state income taxes were, though it seems to have worked out for us, with our deductions and income levels. What we did look at were things like number of parks and weather:

Parks by state
U.S. States Ranked by State and National Park Coverage (playgroundequipment.com)

Pleasant weather Map
Clever Map Reveals Which Cities Get the Best Weather | WIRED

I told DH I didn't care if I had to live in a yurt, I was tired of living in a place with awful weather and nothing to do.
I guess the Pleasant Weather folks forgot that Hawaii was a state but YMMV.
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Old 05-14-2021, 08:16 AM   #86
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It must be differences in deductions? ADP take home calculator shows $4,145 less take home per year in CA vs WI on $150K. The difference jumps to $8,410 for CA vs WI-neighbor IN.
I have no idea what the ADP calculator is. I suspect the discrepancy is because I am speaking of MFJ, and I didn't think to mention that.

I am using the Case Study Spreadsheet from Mr. Money Mustache (https://forum.mrmoneymustache.com/fo...sheet-updates/ ). On $150k AGI and filing MFJ, Wisconsin state taxes are $7731, and they would fall to $7547 in California.
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