Quote:
Originally Posted by WilliamTheIrish
Which taxes are then ones that are killer besides state income tax?
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Sales tax is high where I live, not sure about Fresno but its almost 10% here....not sure what it is compared to KS/MO tho...but to me 10% is high.
State Income tax is pretty high, as you mentioned. Especially when there are a couple nearby states with zero state income taxes.
Also (and I am speaking from a business owner here) but business taxes are very high (workers comp...etc)...
Gasoline is pretty high out here.... (again, not sure about Fresno, but I think gas will be 10% higher probably in Fresno than in KS/MO).
We have some BS hotel taxes that get added on to rooms in different parts of the state...
Water is ****ing ridiculous now, not really a tax, but it is a goverment controlled entity and where I live it is ****ing insane....again, not sure about fresno...
The thing about property taxes is once you buy a place, Prop 13 keeps your property taxes locked in at that rate and it cant go up very much...so once you know you are going to be there for a while buying a house might be the best move if it will 1) be cheaper to buy than rent, which may be the case and 2) you can write off your mortgage and 3) if the cost of buying a home is still lower than the cost of building it when you are ready to buy.
Anyhow not to de-rail your thread but buying a place would probably save you tax money, as you'd be able to write off your mortgage and taxes are only about 1% right now ($2000 per year on a 200k home, maybe $175 per month).
Back to the topic at hand, when you get ready to come up to the wine country, PM me or something I can make a list of some bad ass spots.
(summary of taxes:
http://retirementliving.com/RLstate1.html#CALIFORNIA)