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You pay a lot of Taxes in Texas

post #1 of 11
Thread Starter 
Is is true that TX is the state that charges you the the highest taxes in the united states?
post #2 of 11
It depends on what tax you're referring to. If I recall correctly, "Where to Retire" magazine listed Texas as one of the better states to retire in due to having overall lower taxes than other states. Texas for instance has no income tax. They may have outrageous property tax though so you can't base any decisions on one particular tax. I'm not wording this very well but hopefully you get my gist. States need money to provide services and infrastructure so if they don't get you one way, they'll get you another.

Here is a website where you can compare different types of taxes in each state.
http://www.taxadmin.org/fta/rate/tax_stru.html
post #3 of 11
That is odd, the letters..........Texas-taxes.............hmmmmmmm
post #4 of 11
I know my state of Wisconsin has high taxes-ie gas tax and property taxes. However part of the property tax dollars fund our excellent public school system!!
post #5 of 11
There is no income tax in Texas but having recently made the plunge into buying a home I can say property taxes seem high though I have no prior experience to compare. Where I am looking to live a $150,000 home ends up with around $2500-$4000 in property taxes a year depending on the city and county you live in.

Also sales tax is about 8.5%.
post #6 of 11
8.62% sales tax here
Plus there is a state income tax.
Our property tax is in the realm of $500 a year on a $65K condo.
post #7 of 11
Thread Starter 
Quote:
Originally Posted by cheylink View Post
That is odd, the letters..........Texas-taxes.............hmmmmmmm
post #8 of 11
I've filed income taxes in Texas, Massachusetts, California, and British Columbia. Texas is by the the cheapest for paying taxes! (B.C. is the most expensive.)
post #9 of 11
Texas doesn't have a state income tax and hasn't for as long as I can remember.
But they get their money anyway in property taxes, school taxes, sales taxes, vehicle purchase taxes, car tags, corporate taxes and others I can't remember at this point.

We all probably pay the same in the end - they just move it around & call it by different names.
post #10 of 11
you should try ohio, if you like being taxed to death
post #11 of 11
Quote:
Originally Posted by theimp98 View Post
you should try ohio, if you like being taxed to death
New York ain't bad for this either...
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