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  #12  
Old 12-19-2005, 12:38 PM
Gil Faver
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Posts: n/a
Default Re: New Mexico vs California

- quote -

> > > Your numbers are off. The S&L tax burden for CA was 10.3%
> > > ($4078) of $39,715 of per capita income. The federal burden
> > > was 19.6% or $7784. That's a total tax burden of $11862.


> > Well, darn if I can't find the table I was looking at the
> > other day. But what I see now about Calif. jives with your
> > comment. so, I will restate my comment:
> > > So, the average Californian pays less than $12,000 in

> > federal and state taxes? The average person pays less than
> > $4,000 in Federal taxes? There are a small percentage who
> > are making up the shortfall big time. And, there are not
> > enough people in this country saying "thank you"!


> Again, I don't know where you are getting your numbers. The
> S&L tax burden in the US was $3763 or 10% of $37167 per
> capita income. The average federal tax burden was 19% or
> $7062. That's a combined burden per capita of $10825. CA
> burden was $11862.
> In addition, these are not really representative of the
> average Californian or average American. They are per
> capita data. Finally, the numbers by themselves don't take
> into account the amount of federal payments that go to each
> state. You would really need to look at what the residents
> of a state are paying to the feds versus what they get from
> the feds.


the amount of federal money going to a particular state is
not the same thing as the amount of federal money going to a
particular taxpayer.

I'll restate my comments:

So, the average Californian and average Californian family
pays an outrageously below average of federal and state
taxes? The average person and the average family pays an
outrageously below average Federal taxes? There are a small
percentage who are making up the shortfall big time. And,
there are not enough people and families in this country
saying "thank you"!

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #11  
Old 12-17-2005, 03:35 PM
A.G. Kalman
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Posts: n/a
Default Re: New Mexico vs California

- quote -

> > Your numbers are off. The S&L tax burden for CA was 10.3%
> > ($4078) of $39,715 of per capita income. The federal burden
> > was 19.6% or $7784. That's a total tax burden of $11862.


> Well, darn if I can't find the table I was looking at the
> other day. But what I see now about Calif. jives with your
> comment. so, I will restate my comment:
> So, the average Californian pays less than $12,000 in
> federal and state taxes? The average person pays less than
> $4,000 in Federal taxes? There are a small percentage who
> are making up the shortfall big time. And, there are not
> enough people in this country saying "thank you"!


Again, I don't know where you are getting your numbers. The
S&L tax burden in the US was $3763 or 10% of $37167 per
capita income. The average federal tax burden was 19% or
$7062. That's a combined burden per capita of $10825. CA
burden was $11862.

In addition, these are not really representative of the
average Californian or average American. They are per
capita data. Finally, the numbers by themselves don't take
into account the amount of federal payments that go to each
state. You would really need to look at what the residents
of a state are paying to the feds versus what they get from
the feds.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #10  
Old 12-16-2005, 07:29 AM
TheMightyAtlas
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Posts: n/a
Default Re: New Mexico vs California

Average person - man, woman, child, worker, retiree,
student, bum. It is the per capita tax. Multiply by the
average household size and you get the amount per household.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #9  
Old 12-16-2005, 07:10 AM
Stuart A. Bronstein
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Posts: n/a
Default Re: New Mexico vs California

"Gil Faver" <Rowdy'sboss[at]ND.com> wrote:

- quote -

> So, the average Californian pays less than $12,000 in
> federal and state taxes? The average person pays less than
> $4,000 in Federal taxes? There are a small percentage who
> are making up the shortfall big time. And, there are not
> enough people in this country saying "thank you"!


At $4,000 per person that would be about right for the $1
trillion the feds take in from income taxes. According to
census.gov that's about half of the total the government
takes in, the rest being from employment taxes (69% of the
balance), corporate taxes (21%), estate and gift taxes (3%)
and excise taxes.

Stu

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #8  
Old 12-15-2005, 07:36 AM
Gil Faver
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Posts: n/a
Default Re: New Mexico vs California

- quote -

> > > http://www.taxfoundation.org/publications/show/335.html
> > > They calculate the state & local tax burden expressed
> > > as of income. They also add in the federal burden to
> > > arrive at a combined tax burden. You can download a
> > > file with 35 > > > years of data for all states.
> > > > > The following link takes the data for 2005 and also
> > > shows the per capita amounts.
> > > http://www.retirementliving.com/RLtaxburdens.html


> > So, the average Californian pays less than $8,000 in
> > federal and state taxes? The average person pays less
> > than $4,000 in Federal taxes? There are a small
> > percentage who are making up the shortfall big time.
> > And, there are not enough people in this country saying
> > "thank you"!


> Your numbers are off. The S&L tax burden for CA was 10.3%
> ($4078) of $39,715 of per capita income. The federal burden
> was 19.6% or $7784. That's a total tax burden of $11862.


Well, darn if I can't find the table I was looking at the
other day. But what I see now about Calif. jives with your
comment. so, I will restate my comment:

So, the average Californian pays less than $12,000 in
federal and state taxes? The average person pays less than
$4,000 in Federal taxes? There are a small percentage who
are making up the shortfall big time. And, there are not
enough people in this country saying "thank you"!

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #7  
Old 12-14-2005, 10:57 AM
A.G. Kalman
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Posts: n/a
Default Re: New Mexico vs California

- quote -

> > http://www.taxfoundation.org/publications/show/335.html
> > They calculate the state & local tax burden expressed as of
> > income. They also add in the federal burden to arrive at
> > a combined tax burden. You can download a file with 35
> > years of data for all states.
> > > The following link takes the data for 2005 and also shows

> > the per capita amounts.
> > http://www.retirementliving.com/RLtaxburdens.html


> So, the average Californian pays less than $8,000 in federal
> and state taxes? The average person pays less than $4,000
> in Federal taxes? There are a small percentage who are
> making up the shortfall big time. And, there are not enough
> people in this country saying "thank you"!


Your numbers are off. The S&L tax burden for CA was 10.3%
($4078) of $39,715 of per capita income. The federal burden
was 19.6% or $7784. That's a total tax burden of $11862.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #6  
Old 12-13-2005, 09:34 AM
Gil Faver
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Posts: n/a
Default Re: New Mexico vs California

- quote -

> http://www.taxfoundation.org/publications/show/335.html
> They calculate the state & local tax burden expressed as of
> income. They also add in the federal burden to arrive at
> a combined tax burden. You can download a file with 35
> years of data for all states.
> The following link takes the data for 2005 and also shows
> the per capita amounts.
> http://www.retirementliving.com/RLtaxburdens.html


So, the average Californian pays less than $8,000 in federal
and state taxes? The average person pays less than $4,000
in Federal taxes? There are a small percentage who are
making up the shortfall big time. And, there are not enough
people in this country saying "thank you"!

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #5  
Old 12-12-2005, 05:21 AM
Gil Faver
Guest
 
Posts: n/a
Default Re: New Mexico vs California


"HW "Skip" Weldon" <skip5700removethis[at]hotmail.com> wrote:
- quote -

> Harlan Lunsford <hlunsford[at]bellsouth.net> wrote:

> > Not sure if this pertains, but NM taxes social security income,
> > unlike many other states, as my former Georgia clients found
> > out after they moved to .... (scratching my head now)... some
> > little town near Albuqueque.


> As for choosing a place to live because of taxes, my view
> has been that all states need revenue to run the state.
> They merely vary on their sources of collection. Thus
> focusing on a single area of taxation (income, property,
> intangibles, etc.) tax would not be helpful.
> What would be interesting is to see a comparison of total
> state *spending* per capita. That would give better insight
> to what total taxes might be from state to state.
> Is there such a list?


That would not give much of a clue as to what anyone's TAXES
would be. We would need to see a listing of the various
taxes by state.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #4  
Old 12-12-2005, 05:19 AM
A.G. Kalman
Guest
 
Posts: n/a
Default Re: New Mexico vs California

HW "Skip" Weldon wrote:
- quote -

> Harlan Lunsford <hlunsford[at]bellsouth.net> wrote:

> > Not sure if this pertains, but NM taxes social security income,
> > unlike many other states, as my former Georgia clients found
> > out after they moved to .... (scratching my head now)... some
> > little town near Albuqueque.


> As for choosing a place to live because of taxes, my view
> has been that all states need revenue to run the state.
> They merely vary on their sources of collection. Thus
> focusing on a single area of taxation (income, property,
> intangibles, etc.) tax would not be helpful.
> What would be interesting is to see a comparison of total
> state *spending* per capita. That would give better insight
> to what total taxes might be from state to state.
> Is there such a list?
> --------
> Off topic: We lived in Albuquerque in the mid-70s and really
> liked it. Real Mexican food, with a cold Oly beer...


http://www.taxfoundation.org/publications/show/335.html
They calculate the state & local tax burden expressed as a % of
income. They also add in the federal burden to arrive at a
combined tax burden. You can download a file with 35 years of
data for all states.

The following link takes the data for 2005 and also shows the per
capita amounts.
http://www.retirementliving.com/RLtaxburdens.html

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #3  
Old 12-12-2005, 03:30 AM
HW \Skip\ Weldon
Guest
 
Posts: n/a
Default Re: New Mexico vs California

Harlan Lunsford <hlunsford[at]bellsouth.net> wrote:

- quote -

> Not sure if this pertains, but NM taxes social security income,
> unlike many other states, as my former Georgia clients found
> out after they moved to .... (scratching my head now)... some
> little town near Albuqueque.


As for choosing a place to live because of taxes, my view
has been that all states need revenue to run the state.
They merely vary on their sources of collection. Thus
focusing on a single area of taxation (income, property,
intangibles, etc.) tax would not be helpful.

What would be interesting is to see a comparison of total
state *spending* per capita. That would give better insight
to what total taxes might be from state to state.

Is there such a list?

--------
Off topic: We lived in Albuquerque in the mid-70s and really
liked it. Real Mexican food, with a cold Oly beer...

-HW "Skip" Weldon
Columbia, SC

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #2  
Old 12-10-2005, 03:44 AM
Harlan Lunsford
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Posts: n/a
Default Re: New Mexico vs California

A.G. Kalman wrote:

- quote -

> Just thought I'd let you all know that the family has
> abandoned Los Angeles, CA and we are now domiciled and
> residents of The Land of Enchantment, the 47th State to
> enter the Union.


Congrats for making the move out of Kalh yee fornicate yah.

Not sure if this pertains, but NM taxes social security income,
unlike many other states, as my former Georgia clients found
out after they moved to .... (scratching my head now)... some
little town near Albuqueque.

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #1  
Old 12-10-2005, 03:43 AM
Dick Adams
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Posts: n/a
Default Re: New Mexico vs California

"A.G. Kalman" <glendale202-tax[at]yahoo.com> wrote:

- quote -

> Just thought I'd let you all know that the family has
> abandoned Los Angeles, CA and we are now domiciled and
> residents of The Land of Enchantment, the 47th State to
> enter the Union.


Congratulations. I hope this move works out extremely
well for you and your family.

Please note there are rumors that GOV-ner AH-nold is trying
to enact a regulation so that KEL-E-forn-YA follows federal
regulations and all you leave will have to pay Kal-E-forn-YA
taxes for ten years.

Dick

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 
Old 12-10-2005, 03:32 AM
Vic Dura
Guest
 
Posts: n/a
Default Re: New Mexico vs California

"A.G. Kalman" <glendale202-tax[at]yahoo.com> wrote:

- quote -

> Just thought I'd let you all know that the family has
> abandoned Los Angeles, CA and we are now domiciled and
> residents of The Land of Enchantment, the 47th State to
> enter the Union.


Good move. Congratulations.

--
To email me directly, remove CLUTTER.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 12-09-2005, 01:04 AM
A.G. Kalman
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Posts: n/a
Default New Mexico vs California

Just thought I'd let you all know that the family has
abandoned Los Angeles, CA and we are now domiciled and
residents of The Land of Enchantment, the 47th State to
enter the Union.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 

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