Comment on Jeff Bezos keeps selling Amazon stock after announcing his move out of Washington state

• wintermute_oregon@lemm.ee ⁨4⁩ ⁨months⁩ ago

  Snap you are correct. I’m in Oregon

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  • protist@mander.xyz ⁨4⁩ ⁨months⁩ ago

    Every state has taxes. I live in Texas and we have property taxes out the ass. The total effective tax rate difference between Texas and Oregon is something like 2%. The difference is even smaller between Oregon and Florida

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    • wintermute_oregon@lemm.ee ⁨4⁩ ⁨months⁩ ago

      usnews.com/…/these-states-have-the-highest-and-lo…

      Oregon

      Oregon’s effective income tax rate of 23.37% for individuals

      Florida

      Florida – one of nine states without state income taxes, all of whom rank in the bottom 10 of FinanceBuzz’s burden list – had an effective rate of 15.52

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      • protist@mander.xyz ⁨4⁩ ⁨months⁩ ago

        Those numbers you just cited are the total effective state and federal income tax rates, and only the income tax rates. It doesn’t account for property taxes or sales taxes, which is how states without income taxes fund their governments. Oregon has no sales tax, for example, but in Texas we have a 7% state sales tax. Texas’s median property tax rate is more than double Oregon’s too.

        State and local effective tax rate

        Oregon: 10.8% Texas: 8.6% Florida: 9.1%

        The reason there’s such a crusade against income tax coming from the right is because property and sales taxes are much more regressive, shifting much of the tax burden to people who have lower incomes and letting the wealthiest keep more of their money. In the end, the total average tax burden is roughly the same in most states, it’s who pays that tax burden that’s different.

        I think every state should have an income tax and eliminate or reduce sales and property taxes. I think every state should implement capital gains taxes too. The wealth inequality in the US is out of control

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      • Anticorp@lemmy.world ⁨4⁩ ⁨months⁩ ago

        Fuckin yikes! Are you sure it’s that high for State income tax?

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  • Anticorp@lemmy.world ⁨4⁩ ⁨months⁩ ago

    But you guys don’t have sales tax. We pay over 10% on everything we buy.

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    • wintermute_oregon@lemm.ee ⁨4⁩ ⁨months⁩ ago

      No sales tax but the cost of overnight has went up drastically the last few years.

      Oregon use to be very cheap. Those days are gone.

      If I take my family out to eat, it’s about 1/2 the cost in Florida.

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      • Anticorp@lemmy.world ⁨4⁩ ⁨months⁩ ago

        What do you mean by overnight?

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