Quote:
Originally Posted by jtown,man
Texans having to pay federal income tax shouldn't be included, everyone does, its a moot point.
Texas sales tax is not higher than the Chicago sales tax of 10.25%. Obviously, property tax fluctuates between cities but I don't think their property taxes are more than Illinois, comparable, but not more.
Texas has a gas industry, great. This means it's citzens pay less taxes. It's not a hit on Texas, it just is what it is.
Chicago schools aren't great by any stretch of the imagination. My friend just moved from here to Florida and her daughter is having to take remedial classes. She was an honor student at CPS. I've been looking through CPS data for a class and some schools have a below 50% graduation rate. That isn't anything to brag about. The state spends tons on schools but the results in the city anyway aren't impressive.
Basically, as long as someone doesn't move to the gulf coast or buys a very expensive house, they will do much better.
I don't mind high property taxes, well, I mind, but I'd rather have that than a high-income tax. You have some control over how much your house is worth ( don't buy an expensive house), but you don't want to limit your earning potential. I'll admit, Illinois income taxes aren't that high, but 0 is a lot lower.
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You completely ignored my main point, which was that Texas' finances are nowhere NEAR as rosy as the state generally leads on. Municipal debt loads are staggering, and that combined with generally substandard infrastructure is leading to situations like we're witnessing with the power grid nearly going completely offline, not to mention severe flooding, etc... etc... etc...
Those who look to Texas as some bastion of financial solvency and a panacea of wealth are woefully misinformed.
Aaron (Glowrock)