Hi Briggs, Washington State does now have an income tax on capital gains. They don't call it an income tax because the state constitution doesn't allow it, so instead it's called an annual fee based on your capital gains income.
I think that roughly around 0.2% of all taxpayers in the state would qualify to pay the tax as it is currently written. Also as someone who is self-employed (sole proprietor classification) I’m liable for the “self-employment tax” officially called the B&O tax.
You need to be pretty wealthy or have a high amount of capital gains, @JDH-s4o, so it won't touch many people. A BS law still that is targeting success so I hate it, but that is the progressives for you.
I live in Illinois. Yet, driven thru Oklahoma a LOT. The long toll road in OK is nice. Once you get off of toll or on a regular interstate, the roads are much NASTIER than Illinois roads. Sure, Chicago has some pot holes but you don’t hit them at 75mph. OK has little ice or snow, so there’s zero excuse
No one likes taxes, but the services we get are not free. Police, fire, roads, schools, water, and parks, are all nice, and all paid for by city or country taxes.
Nice idea, Briggs! My property taxes here in (what used to be low-tax) Delaware. The state prides itself on being 0% sales tax, but if our gov't is going to make it up by bigly raising prop taxes I'd hate to have to think about moving. My former state was N.C. in the outer fringes of Research Triangle Park. I built a "dream home" and when I look at it now on GoogleMaps, I cry. I miss it!
Excellent presentation as always. It's funny how NY has the highest taxes but Buffalo is one of the cheapest cities to live in overall (including most suburbs).
Because, until recently, we consistently lost population. And on top of that, Byron Brown kept lowering the property tax, resulting in multi million dollar deficits every year. Now we're facing double digit yearly property tax increases in order to balance the budget. Source: Am a Buffalonian.
Thanks! This has been my interest lately since we'll be moving to the southeast next year. I would, however, like to see how other aspects fit in, like car insurance and registration. For example, I paid nearly $1700 in Arizona to register our Jeep and RV; however, now that we're Tennessee residents, I just renewed those same 2 vehicles for only $30!!! HUGE difference!
You kind of get what you pay for. The SE is a shit hole little better than a 3rd world country. The life expectancy in Louisianna, for example, is almost 10 years less than Minnesota. A fking decade.
You have to be careful about determining what it costs to register a car. You must differentiate between the registration fees and the property tax portion. It can be deceiving.
You should do a break down in each state of what the blue cities and red counties give and take. Like does blue detroit, Atlanta fund the rest of Georgia? Trying to find out. Rual gripes about the cities but they are too poor to fund their own county and like red states suck from the blue states, are red rural counties being funded by blue cities?
In my opinion the total amount of taxes paid isn't as important as what you get in return for said taxes. That would be a lot more complicated video and would vary a lot for each person.
In Texas, most new construction homes have property tax of about 3%; in masterplanned communities, it can go above 3%. That means, on a decent $500,000.00 new home, the property tax is $15,000 PER YEAR. The median *household* income in Texas is $72,284, so imagine paying $15,000 property tax on that income and tell me how taxes are low in Texas?
That's how "low tax" states fool you. They know people are too short-minded to think beyond income taxes, so that's what they advertise. "Low tax states" don't exist. They just tax you in different ways.
@ Agree. Great schools and school funding system. All schools receive the same amount of funding, unlike many States where schools funding is based on address.
Yes, which is just a roundabout way of collecting taxes. The government will get it's money somehow. Low/no income taxes are a sweet lie to lure you in.
I live in Connecticut. I've paid tolls MA, NY, VT, NH, ME, RI, PA, VI, MD, SC, NC, IN, and OH. I've never once paid for a toll is CT. We don't have any and they get shot down everytime they're brought to vote
NJ average property taxes now $9,600/yr. Which means if you have a decent home in a shitty area, you are paying $10k or more and have to send your kids to private school to keep them away from gangs. It's really in the top 3 for tax burden...
CA taxes, not only pay for traffic or homeless that you do not see everywhere. Californians enjoy a perfect weather all year round, ocean, mountains, top museums, recreational parks, live concerts, sports, great dining.
Minnesota speaking, What makes you think that we want more people to move here? I never curse January. Taxes? That is what we pay to live in a civilized state.
I hope they abolish many of the Federal Gubbment departments and return them to the states. One solution doesn't fit every circumstance. Demographics are different and we should govern accordingly.
The economy is in a downturn, plagued by uncertainty and instability. A worsening housing crisis, increasing foreclosures, and global market volatility have deepened financial distress. The lingering effects of the pandemic continue to disrupt recovery, while rising inflation, stagnant growth, and trade disruptions strain businesses and households alike. Without immediate intervention, the situation threatens to spiral further, jeopardizing long-term economic stability.
In retirement, safeguarding your wealth against inflation is essential. Consider options like TIPS (Treasury Inflation-Protected Securities), commodities, or foreign currencies to hedge against a weakening dollar. Diversifying your portfolio with global real estate, international bonds, or high-quality foreign stocks can provide additional protection and growth opportunities in an inflationary environment.
My busy career leaves little time for investment analysis. For the past seven years, a fiduciary has managed my portfolio, skillfully adjusting to market changes and ensuring informed, successful decisions. You might consider a similar strategy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
hawaii is actually much higher, since there is an excise tax that affects everything on every level from delivery to wholesale to retail the tax is applied at EACH LEVEL. then the property taxes on homes with an median value of over 1 million.... sometimes i hate living here.
He [Supreme Court Justice Oliver Wendell Holmes, Jr.] did not have a curmudgeon’s feelings about his own taxes. A secretary who commented "Don’t you hate to pay taxes!" was rebuked with the hot response, "No, young feller. I like to pay taxes. With them I buy civilization." - Anecdote recounted by Justice Felix Frankfurter, an intimate friend of Holmes, in Frankfurter's biography of Holmes
The issue is that we’re paying taxes on all of our income. 100% of it. Your super wealthy pay taxes on 1% of their income. Tell me how that’s fair? This is why we’re dependent on immigration. Make them pay their fair share, no more breaks.
And now they're going to make up the difference in the loss of revenue from the tax cuts for the ultra rich by passing it on to the average person in the form of the increased prices from the tariffs
Briggs, stop crying. Its ok. Come move up north in Washington, Oregon's brother from another mother. Enjoy no state income tax. If you move to near Vancouver, you can get the best of both worlds. If you do that. consider Camas, WA right there on the Columbia or Longview.
We are slaves . We pay more than 25% of our income. That is slavery. Yes, we pay more than 60%, City, State, Federal, sale taxes, property taxes, capital gains taxes. It’s ridiculous.
I live in North Carolina, and when it comes to taxes, I call it a Goldilocks state. Not too harsh on the folks who hate paying taxes; not too lenient on the folks who want benefits that only taxpayer dollars can buy; but it’s right in that sweet spot where no one here really complains about it that much.
My guess is NY, CA, and DC. MN probably comes in around 12%, with our budget funding road construction signage and snow plows that never have their blades down, they just spit salt at you.
You are lucky. My condo homeowners was over $3000 a year on a third floor condo 10 miles from the ocean - not in a flood plain. Combined with the $1000 a month HOA were two reasons why I moved... just in time before the condo market started to collapse!
Alaska doesn't have an income tax or a sales tax. And if you live in the Unorganized Borough, which is almost half the state, you also don't pay any property taxes.
So once more you start off with a falsehood on Alaska. It's not dark 6 months anywhere in the far north anywhere in the world. What is your "tax burden" based on when Alaska doesn't have a state income nor a state sales tax?
Larry do you not understand what sarcasm is? It isn’t a hard concept to grasp. As far as them not having income or sales tax you are correct but they do have other taxes. They are also number 50 on this list which would sort of tell the average Joe they have very little taxation.
Hampton Roads, Virginia: the tax burden is higher here than in the rest of the state because of the “prepared food” tax (which is in addition to the regular sales tax on the food.) You are paying at least 13% tax on anything a person has touched to “prepare it”, like putting a hot dog in a bun. Coming from New York of all places, this really freaked me out.
Try San Antonio! These people can’t drive and EVERY highway is under construction. And they typically have 5 guys located on each site. Just when you think they finished a road…nope, they start another project. I literally 9:07 saw them finish a road, and two weeks later, they dug it up to repair pipes.
What people don’t want to talk about is that low-tax states rely more on the Federal government to subsidize education, etc. The taxpayers in other states pay their federal income tax to keep those states afloat. For every dollar a taxpayer in Mississippi, for example, pays in federal income tax, the state receives about $1.50 in funding from the US government.
0:53 It's kind of hard to guess but I'm going to say that the top three before I watch this whole thing but I think the top three in tax burden just might be: 1) New York 2) New Jersey 3) Illinois Not necessarily in that order. I am from California and it's very expensive here and taxes are high but I just don't believe we are in the top three especially with having a lower property tax
Florida has other ways of taking your money. They are really into creative financing. Example: Went to pay the license for my mobile which had increased from $43 to $50+. Got to employee to pay and found out since I have a double, I now have to pay that amount for EACH side. Now, I am supposed to get 2 bills for one address and I have to pay for 2 tags for one address. Whhhhhhaaaaaatttt?
The best list would be to have what states are the best overall tax, infrastructure, economy etc. Like you said just because you're paying cheap taxes doesn't amount to good schools, jobs etc. So I'm sure people wouldn't mind paying a tax that reasonably gives them the services they need. Unfortunately that state doesn't exist but some do come close. Like NH, NC or Maine where it's above average for taxes and cost of living overall but the bigger picture makes it worth the extra cost. California, New Jersey or Illinois on the other hand is not worth nearly the amount they pay to live there 🤙🏼🇺🇲
NY, Hawaii, Vermont, Maine and California. Top 5 Best 5. Alaska, NH, Wyoming, Florida, and Tennessee. I know this because overall tax burden is one of the most important things to me and many people I know. Also, it's the best argument when comparing the greatness of Florida and Texas to NY and California.
What is actually most pertinent would be combining cost of living and tax burden to provide a comprehensive view of a state's overall affordability. For example: Low Cost of Living and Low Tax Burden best Mississippi, Cost of Living Index, 87.5 Tax Burden: 9.8%. 2nd Alabama, Cost of Living Index: 88.8,Tax Burden: 9.8%. States with High Cost of Living and High Tax Burden, Nr 1, New York, Cost of Living Index, 123.4, Tax Burden: 15.9%. 2nd, California, Cost of Living Index, 144.7, Tax Burden: 13.5%.
If we don't pay taxes, how do we pay for the services that the state/country provide? Europeans pay high taxes, and have free healthcare, clean cities, and free higher education. I'd move there if I could.
nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free ...
Since you cannot afford to move there, they don’t want you to. Most countries demand you show that if you move there, you have enough money and income that you will contribute much more than you will ever get back.
NH is great because it taxes tourism and out of staters (tolls, rooms/meals, state control of liquor sales), and despite it being state run it’s still cheaper than liquor in MA. Sure property taxes can be high if you choose to live in a community with a high rate. Car registrations can suck too if you drive new but they’re next to nothing for older vehicles.
I’ve never been to New England but based on his sarcasm throughout the rest of the video maybe he intentionally said that referring to the fact that the roads in the state are shitty
I have lived in a state with heavy taxes ( Illinois) and a place that never t taxes (Florida ) I had a better life living in the higher taxed state. Living in Florida is like talking a strip back 20 years. Florida has infrastructure problems that aren’t getting fixed, their schools are behind, they lack services for k-12 students. Don’t get me started on insurance costs ( any kind). You have to be very wealthy to afford to live and thrive without tax revenue. Most people living in Orlando are struggling.
Love your videos. I’d be interested in where you got your data for this one. From everything I can find, Southern and midwestern states have some of the lowest taxes burdens. New York is often rated the highest.
I Live in TExas and must make sure you are aware they love older disabled people as I only pay less than 1/3 what I did when I lived in California but then again I don't own a multi million dollar house now.
We have the worst city streets bad hiways . Pot holes deep damages many cars . Are bridges are scary to drive over them around Chicago land areas .Joliet Illinois
I was wondering about this for retirement planning but with no tax on retirement and social security income. Honestly surprised where Iowa, Kansas and Nebraska landed on this.
Why I like living in Tennessee, and if I ever left the Volunteer state I'd probably move to Florida. Funny, the top 5 states have no state income tax. Obviously it's not a guarantee of lower taxes, but not being double-taxed via a state income tax certainly helps.
Ah Florida where the HOA makes up for low taxes. Oklahoma is trying to pass a bill to be a certified storm chaser for tornadoes. Had a neighbor beat the crap out of his lady in front of my door. Texas keep working on yourself like IH 35. I got priced out and wished I bought a house back in 2010. But in true Texas fashion, everywhere else has shitty attitudes and/or food. Greetings from Fort Stewart GA 😂
I think you should do a video on the 50 states Property Taxes. See how expensive those states really are that don’t have a state income tax.
100%! Briggs ought to do this.
i like how he’s just absolutely shitting on every state
It's called roasting. 😂
@@michael7054equal opportunity crap
Hi Briggs, Washington State does now have an income tax on capital gains. They don't call it an income tax because the state constitution doesn't allow it, so instead it's called an annual fee based on your capital gains income.
I think that roughly around 0.2% of all taxpayers in the state would qualify to pay the tax as it is currently written.
Also as someone who is self-employed (sole proprietor classification) I’m liable for the “self-employment tax” officially called the B&O tax.
Very informative! I like the layout.
You need to be pretty wealthy or have a high amount of capital gains, @JDH-s4o, so it won't touch many people. A BS law still that is targeting success so I hate it, but that is the progressives for you.
Don't forget to thank your Democrat politicians for new taxes! 😂
Capital gains only kick in when you sell the property. They’re only assessed upon the sale of the property
Illinois taxes have to cover the Governor’s 200 cheeseburgers a day diet!!!! 😝
WOW you’re so funny!
“potholes are considered a historical landmark” briggs never ceases to amuse me 😂
His jokes are golden!
Pot holes in Oklahoma? Come to Illinois, we have pot holes bigger than the entire state of Oklahoma!
You could hold an Olympic Swim Meet in Illinois potholes. Where are your taxes going, to pay to feed Pritzker the Hutt?
Oklahoma is larger than illinois lol
They’re worse in Oklahoma;
I live in Illinois. Yet, driven thru Oklahoma a LOT. The long toll road in OK is nice. Once you get off of toll or on a regular interstate, the roads are much NASTIER than Illinois roads. Sure, Chicago has some pot holes but you don’t hit them at 75mph. OK has little ice or snow, so there’s zero excuse
No one likes taxes, but the services we get are not free. Police, fire, roads, schools, water, and parks, are all nice, and all paid for by city or country taxes.
Nice idea, Briggs! My property taxes here in (what used to be low-tax) Delaware. The state prides itself on being 0% sales tax, but if our gov't is going to make it up by bigly raising prop taxes I'd hate to have to think about moving. My former state was N.C. in the outer fringes of Research Triangle Park. I built a "dream home" and when I look at it now on GoogleMaps, I cry. I miss it!
Potholes so deep they can trap a tiger!
Excellent presentation as always. It's funny how NY has the highest taxes but Buffalo is one of the cheapest cities to live in overall (including most suburbs).
Because, until recently, we consistently lost population. And on top of that, Byron Brown kept lowering the property tax, resulting in multi million dollar deficits every year. Now we're facing double digit yearly property tax increases in order to balance the budget.
Source: Am a Buffalonian.
Thanks! This has been my interest lately since we'll be moving to the southeast next year. I would, however, like to see how other aspects fit in, like car insurance and registration. For example, I paid nearly $1700 in Arizona to register our Jeep and RV; however, now that we're Tennessee residents, I just renewed those same 2 vehicles for only $30!!! HUGE difference!
I just paid $1683 today for one car in Colorado 👎
Shhhh...Yes its great for us transplants from ripoff states. But lets not tell the whole world.
You kind of get what you pay for. The SE is a shit hole little better than a 3rd world country. The life expectancy in Louisianna, for example, is almost 10 years less than Minnesota. A fking decade.
@@jsimsgt96 ouch ! what kind of car ??
You have to be careful about determining what it costs to register a car. You must differentiate between the registration fees and the property tax portion. It can be deceiving.
I was not expecting this to be so funny.
You should do a break down in each state of what the blue cities and red counties give and take. Like does blue detroit, Atlanta fund the rest of Georgia? Trying to find out. Rual gripes about the cities but they are too poor to fund their own county and like red states suck from the blue states, are red rural counties being funded by blue cities?
In my opinion the total amount of taxes paid isn't as important as what you get in return for said taxes. That would be a lot more complicated video and would vary a lot for each person.
I agree. I think we spend way too much on military but some may think what we spend is fine
It’s all gonna depend on the person.
In Texas, most new construction homes have property tax of about 3%; in masterplanned communities, it can go above 3%. That means, on a decent $500,000.00 new home, the property tax is $15,000 PER YEAR. The median *household* income in Texas is $72,284, so imagine paying $15,000 property tax on that income and tell me how taxes are low in Texas?
Just rent a house to live smart ass😅
yep mine went up over 350%. Guess he's just looking at sale tax.
@@ruruog2085your so slow
That's how "low tax" states fool you. They know people are too short-minded to think beyond income taxes, so that's what they advertise.
"Low tax states" don't exist. They just tax you in different ways.
I lived in a low tax State and life was miserable there.
Wyoming
Coming from Wyoming I can tell you that it’s miserable because the weather is horrible. The schools are actually pretty good but it’s very isolating.
@
Agree. Great schools and school funding system.
All schools receive the same amount of funding, unlike many States where schools funding is based on address.
a lot of places don't tax now they raise fees on everything.
Yes, which is just a roundabout way of collecting taxes.
The government will get it's money somehow. Low/no income taxes are a sweet lie to lure you in.
I live in Connecticut. I've paid tolls MA, NY, VT, NH, ME, RI, PA, VI, MD, SC, NC, IN, and OH. I've never once paid for a toll is CT. We don't have any and they get shot down everytime they're brought to vote
Yeah, but the state cops make up a lot of anything you’re missing in tolls on 95.
Granted, nothing beats the tolls in northern New Jersey in New York
NJ average property taxes now $9,600/yr. Which means if you have a decent home in a shitty area, you are paying $10k or more and have to send your kids to private school to keep them away from gangs. It's really in the top 3 for tax burden...
I had been told that Oregon was high on taxes. In this list, it's not so bad. It is expensive to buy a home.
Thanks for the nice NC comments! It is a great place.
Agreed! Moved here years ago from Seattle. Would never move back there. 😎😎
CA taxes, not only pay for traffic or homeless that you do not see everywhere. Californians enjoy a perfect weather all year round, ocean, mountains, top museums, recreational parks, live concerts, sports, great dining.
I have a tough time believing Colorado is so low in the rankings. Property taxes are going way up.
Let’s because property values are irrationally high
Minnesota speaking, What makes you think that we want more people to move here? I never curse January. Taxes? That is what we pay to live in a civilized state.
Not sure. BLM hit you pretty hard in 2020. No such thing in Utah or Idaho.
Why live in NJ? Safe, plenty of diversity (food is solid) easy access to Philly, NYC and other cities, good schools. But shit its expensive
How about those drones??😅😅
@SouthernBreeze-99 Dem Aliens be loving NJ
I hope they abolish many of the Federal Gubbment departments and return them to the states. One solution doesn't fit every circumstance. Demographics are different and we should govern accordingly.
The economy is in a downturn, plagued by uncertainty and instability. A worsening housing crisis, increasing foreclosures, and global market volatility have deepened financial distress. The lingering effects of the pandemic continue to disrupt recovery, while rising inflation, stagnant growth, and trade disruptions strain businesses and households alike. Without immediate intervention, the situation threatens to spiral further, jeopardizing long-term economic stability.
In retirement, safeguarding your wealth against inflation is essential. Consider options like TIPS (Treasury Inflation-Protected Securities), commodities, or foreign currencies to hedge against a weakening dollar. Diversifying your portfolio with global real estate, international bonds, or high-quality foreign stocks can provide additional protection and growth opportunities in an inflationary environment.
My busy career leaves little time for investment analysis. For the past seven years, a fiduciary has managed my portfolio, skillfully adjusting to market changes and ensuring informed, successful decisions. You might consider a similar strategy.
This sounds great! Do you have any professionals or advisors you could recommend? I could really use some guidance on proper portfolio allocation.
Certainly, there are a handful of experts in the field.
I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
Guess: NJ (1); Conn (2); Mass(3).
Missed on all.
Great video, Briggs.
I’m surprised California isn’t higher.
In my head i was thinking California #3,New York #2 abd Hawaii at 1
Go easy on the Lions man. Been waiting my whole life for a decent team.
Not sure were you get your stats from, but CT hasn't had toll roads for decades. A lot of us wish they'd bring them back to help pay for the roads.
Wow that's wild Briggs Great job
hawaii is actually much higher, since there is an excise tax that affects everything on every level from delivery to wholesale to retail the tax is applied at EACH LEVEL. then the property taxes on homes with an median value of over 1 million.... sometimes i hate living here.
I hate it so much, that I was at the beach every day except last week storm.🤙
He [Supreme Court Justice Oliver Wendell Holmes, Jr.] did not have a curmudgeon’s feelings about his own taxes. A secretary who commented "Don’t you hate to pay taxes!" was rebuked with the hot response, "No, young feller. I like to pay taxes. With them I buy civilization."
- Anecdote recounted by Justice Felix Frankfurter, an intimate friend of Holmes, in Frankfurter's biography of Holmes
I like this quote.
The issue is that we’re paying taxes on all of our income. 100% of it.
Your super wealthy pay taxes on 1% of their income. Tell me how that’s fair?
This is why we’re dependent on immigration.
Make them pay their fair share, no more breaks.
Can you imagine the real cost of food if we didn't take advantage of the cheap labor of illegals
And now they're going to make up the difference in the loss of revenue from the tax cuts for the ultra rich by passing it on to the average person in the form of the increased prices from the tariffs
There's so little to show in Montana that you had to run the video feed backwards.
Briggs, stop crying. Its ok. Come move up north in Washington, Oregon's brother from another mother. Enjoy no state income tax. If you move to near Vancouver, you can get the best of both worlds. If you do that. consider Camas, WA right there on the Columbia or Longview.
We are slaves . We pay more than 25% of our income.
That is slavery. Yes, we pay more than 60%, City, State,
Federal, sale taxes, property taxes, capital gains taxes.
It’s ridiculous.
I live in North Carolina, and when it comes to taxes, I call it a Goldilocks state. Not too harsh on the folks who hate paying taxes; not too lenient on the folks who want benefits that only taxpayer dollars can buy; but it’s right in that sweet spot where no one here really complains about it that much.
My guess is NY, CA, and DC. MN probably comes in around 12%, with our budget funding road construction signage and snow plows that never have their blades down, they just spit salt at you.
I live in Florida and we only pay $575 a year for home owners. Insurance that includes hurricane insurance. That's in Sumter County near Orlando
You are lucky. My condo homeowners was over $3000 a year on a third floor condo 10 miles from the ocean - not in a flood plain. Combined with the $1000 a month HOA were two reasons why I moved... just in time before the condo market started to collapse!
Alaska doesn't have an income tax or a sales tax. And if you live in the Unorganized Borough, which is almost half the state, you also don't pay any property taxes.
So once more you start off with a falsehood on Alaska. It's not dark 6 months anywhere in the far north anywhere in the world. What is your "tax burden" based on when Alaska doesn't have a state income nor a state sales tax?
Larry do you not understand what sarcasm is? It isn’t a hard concept to grasp. As far as them not having income or sales tax you are correct but they do have other taxes. They are also number 50 on this list which would sort of tell the average Joe they have very little taxation.
How long is the long dark within the artic circle
Seems that within the artic circle the long winter can last over 6 months
I'm surprised Massachusetts wasn't higher on the list.
Good rankings, Briggs. I was surprised by some positioning.
OK, I'm shocked! My state (oops...Commonwealth) of Massachusetts is only 20th, and not in the top 5? Great video.
They don't call it taxachusetts for nothing. I was born in Cambridge.
Florida was surprisingly high in cost of living when I lived there.
Was the same as California.
Texas needs to look into one of those domes too.
Hampton Roads, Virginia: the tax burden is higher here than in the rest of the state because of the “prepared food” tax (which is in addition to the regular sales tax on the food.) You are paying at least 13% tax on anything a person has touched to “prepare it”, like putting a hot dog in a bun. Coming from New York of all places, this really freaked me out.
Try San Antonio! These people can’t drive and EVERY highway is under construction. And they typically have 5 guys located on each site. Just when you think they finished a road…nope, they start another project. I literally 9:07 saw them finish a road, and two weeks later, they dug it up to repair pipes.
It's the wheels fall the bus, bro! Trains go off the rails... I'm here for ya! 😁
Minnesota- taxes fund a $2 billion deficit and... yeah, that's it.
Just another reason why I'm lucky to live Hawaii.
I have higher taxes and live in the snow belt... You are the smarter of the two of us.
A common misconception water is too cheap in Phoenix. Other areas of the state don’t have secure water supplies and is what makes the news.
Was offended by your back handed compliments and sincere insults until you came to my home state of SC… then I got your humor
Love the sarcastic comments they are the best!
I am so surprised that Marilyn is not in the top 10
If you’re talking about Marilyn Monroe, I’d put her at least in the top 5!😏
What people don’t want to talk about is that low-tax states rely more on the Federal government to subsidize education, etc. The taxpayers in other states pay their federal income tax to keep those states afloat. For every dollar a taxpayer in Mississippi, for example, pays in federal income tax, the state receives about $1.50 in funding from the US government.
I love Colonial Williamsburg 😊💕
Briggs giving the knowledge to the people! Peoples champ 🏆
Ok, I’m from the Seattle area and our sales tax is higher than the average tax rate that you quoted. And our property taxes are super high
0:53 It's kind of hard to guess but I'm going to say that the top three before I watch this whole thing but I think the top three in tax burden just might be:
1) New York
2) New Jersey
3) Illinois
Not necessarily in that order. I am from California and it's very expensive here and taxes are high but I just don't believe we are in the top three especially with having a lower property tax
Florida has other ways of taking your money. They are really into creative financing. Example: Went to pay the license for my mobile which had increased from $43 to $50+. Got to employee to pay and found out since I have a double, I now have to pay that amount for EACH side. Now, I am supposed to get 2 bills for one address and I have to pay for 2 tags for one address. Whhhhhhaaaaaatttt?
Still less taxes than the 51st.
The best list would be to have what states are the best overall tax, infrastructure, economy etc. Like you said just because you're paying cheap taxes doesn't amount to good schools, jobs etc. So I'm sure people wouldn't mind paying a tax that reasonably gives them the services they need. Unfortunately that state doesn't exist but some do come close. Like NH, NC or Maine where it's above average for taxes and cost of living overall but the bigger picture makes it worth the extra cost. California, New Jersey or Illinois on the other hand is not worth nearly the amount they pay to live there 🤙🏼🇺🇲
NY, Hawaii, Vermont, Maine and California. Top 5
Best 5. Alaska, NH, Wyoming, Florida, and Tennessee.
I know this because overall tax burden is one of the most important things to me and many people I know.
Also, it's the best argument when comparing the greatness of Florida and Texas to NY and California.
Another video where Wisconsin isn't the best or the worst. I still love it here !
Virginia Beach has the same type of roads as South Carolina. Pot holes everywhere and they’ve been working on them for at least fifty years
Bay Area Cities in California are NOT as crowded as L.A. 🌇🌆
What is actually most pertinent would be combining cost of living and tax burden to provide a comprehensive view of a state's overall affordability. For example: Low Cost of Living and Low Tax Burden best Mississippi, Cost of Living Index, 87.5 Tax Burden: 9.8%. 2nd Alabama, Cost of Living Index: 88.8,Tax Burden: 9.8%. States with High Cost of Living and High Tax Burden, Nr 1, New York, Cost of Living Index, 123.4, Tax Burden: 15.9%. 2nd, California, Cost of Living Index, 144.7, Tax Burden: 13.5%.
Feeling lucky about living in Washington State. I was sure it would be in the top ten.
Just wait. Ferguson isn't finished with us yet.
If we don't pay taxes, how do we pay for the services that the state/country provide? Europeans pay high taxes, and have free healthcare, clean cities, and free higher education. I'd move there if I could.
Their governments are somewhat competant,we have a 2 party system of idiots
nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free nothing is free ...
Since you cannot afford to move there, they don’t want you to. Most countries demand you show that if you move there, you have enough money and income that you will contribute much more than you will ever get back.
You can move buy a ticket.
Are you getting good value for 1/3 of your money?!
NH is great because it taxes tourism and out of staters (tolls, rooms/meals, state control of liquor sales), and despite it being state run it’s still cheaper than liquor in MA. Sure property taxes can be high if you choose to live in a community with a high rate. Car registrations can suck too if you drive new but they’re next to nothing for older vehicles.
You mentioned Connecticut has world-class toll roads. Connecticut hasn't had any toll roads since the 1980's.
I’ve never been to New England but based on his sarcasm throughout the rest of the video maybe he intentionally said that referring to the fact that the roads in the state are shitty
I live in New Jersey and thought it would be in the top three. At least I got #1 correct.
The problem with CA is that it takes money to actually leave it!!
CA taxes everything except the sunshine.
We literally don’t have a single toll road in the entirety of Connecticut!
All the states around us do 😂
I have lived in a state with heavy taxes ( Illinois) and a place that never t taxes (Florida )
I had a better life living in the higher taxed state. Living in Florida is like talking a strip back 20 years. Florida has infrastructure problems that aren’t getting fixed, their schools are behind, they lack services for k-12 students. Don’t get me started on insurance costs ( any kind).
You have to be very wealthy to afford to live and thrive without tax revenue. Most people living in Orlando are struggling.
When is the next “finding your America” video? I loved those videos.
16:47 why would Mississippi and Arkansas be so high on the list? Those states are terrible and the taxes don't fix anything there
Love your videos. I’d be interested in where you got your data for this one. From everything I can find, Southern and midwestern states have some of the lowest taxes burdens. New York is often rated the highest.
7.56% in TX might sound low until you consider the sales tax in Dallas is north of 8% by itself. 😂
I Live in TExas and must make sure you are aware they love older disabled people as I only pay less than 1/3 what I did when I lived in California but then again I don't own a multi million dollar house now.
They hate poor disabled
We have the worst city streets bad hiways . Pot holes deep damages many cars . Are bridges are scary to drive over them around Chicago land areas .Joliet Illinois
I was wondering about this for retirement planning but with no tax on retirement and social security income. Honestly surprised where Iowa, Kansas and Nebraska landed on this.
Talking about Milwaukee Wisconsin and comparing it to Portland. Portland, where?
Top 3 NJ, NY, and CA
What do all these states have in common? 😂😂🤣😉
A higher life expectancy?
Mafia?
My guess for top 3 3) Massachusetts 2) California 1) New York
My guess of the top 3:
Lowest:
3. New Hampshire
2. Alaska
1. Delaware
Highest:
3. New Jersey
2. New York
1. California
I wonder where iowa would rank now that they drastically lowered state tax
I guess California and New York have the highest. Just guessing, I’m watching the video now….
Makes sense for Florida. How nice of them to not go crazy on taxes since Disneyworld takes it all instead 💀👌🏾
My top three: Texas, New York and California.
I was way off choosing Texas as one of the top three.
Why I like living in Tennessee, and if I ever left the Volunteer state I'd probably move to Florida. Funny, the top 5 states have no state income tax. Obviously it's not a guarantee of lower taxes, but not being double-taxed via a state income tax certainly helps.
Ah Florida where the HOA makes up for low taxes. Oklahoma is trying to pass a bill to be a certified storm chaser for tornadoes. Had a neighbor beat the crap out of his lady in front of my door. Texas keep working on yourself like IH 35. I got priced out and wished I bought a house back in 2010. But in true Texas fashion, everywhere else has shitty attitudes and/or food. Greetings from Fort Stewart GA 😂
A Texas side quest, that one got me.. lmao. I guess I have been playing to much cyberpunk lately.
New York and California tax their citizens heavily, but their infrastructure and amenities are below average.😂😂
We need to be fair about Wisconsin’s homeless people they die in the winter