NickH
Uber Driver
10K in Washington State would be for a home with about $1M assessed value. Washington makes the money on Sales taxes, their property taxes are just slightly below the national average at about 1%.
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- Thread starter ZapBrannigan
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10K in Washington State would be for a home with about $1M assessed value. Washington makes the money on Sales taxes, their property taxes are just slightly below the national average at about 1%.
B767
Well-Known Member
Definitely have me beat. We have a flat 4.25% (or something like that) income tax but the city I live in has 8.25% sales tax.
Must not be in the Chicago area.
BEEF SUPREME
Well-Known Member
Baronman
Well-Known Member
Throw in almost 7% state income tax and 8.5% sales tax as well. Adds up.
IndianaPilot
Well-Known Member
Other side of the coin.......when vaccine is around and there are more treatment options and the virus if finally in the bag........might be a massive surge in travel ? Everyone is gonna wanna get out and go places and enjoy freedom / life again.
Hiboglossi
The Most Depressing Person
They'll want to but with the economy in a full blown depression few people will be able to afford airline tickets anymore. I hope I'm wrong but I suspect that with the pandemic, teleconferencing in lieu of business travel will become entrenched as the new normal, especially since businesses will need to be as lean as possible in a depression; and that concerns about catching a disease in an airline cabin will permanently singe airline travel.
Conversely, I think Zoom and wider use of teleconferencing are the new “VLJ’s” of the post 9/11 world.
There will absolutely be a post-pandemic world, I’m not sure what that’s going to look like yet. So many post-worlds. I‘ve lived through the post Cold War world, the post 9/11 world, and coming up to the post pandemic world and each have fundamentally changed us.
There will absolutely be a post-pandemic world, I’m not sure what that’s going to look like yet. So many post-worlds. I‘ve lived through the post Cold War world, the post 9/11 world, and coming up to the post pandemic world and each have fundamentally changed us.
AAPalmTree
Well-Known Member
Post Cold War is a good world. The “others” changes haven’t been so good. AZ screws you up. It’s cheap, young and fun.
IndianaPilot
Well-Known Member
And imagine if this is only the beginning as some people say.......the way things are now, nearing a depression etc. What if the worst of predictions do happen ( a HUGE second wave in the fall/winter that makes this one look like a joke, or for whatever reason a vaccine does not work, and it just goes on and on and on ). What will the world and country look like at that point ? Fast forward a year and a half and say we are still in the heat of this
Hiboglossi
The Most Depressing Person
I hope you're right. Anecdotal but I have definitely heard complaints about Zoom and people saying it's not as good as in-person meetings, so there may be some hope.
NickH
Uber Driver
Ouch. One of the lowest rates in the State, thanks to the way the levy works, but it's small consolation for the housing prices.
I'm sure those $30 Tabs will make up for it. Any day now.
Roger Roger
Bottom of the list
We’ll be surprised at some of the ways it’s different.
We’ll be surprised at some of the ways it’s the same.
AAPalmTree
Well-Known Member
Pipe down dude.
future pilot
Well-Known Member
Video conferencing sucks compared to in-person meetings. They are awkward and nowhere near as effective, especially for client to business meetings. I was on one today where it seemed like half the meeting consisted of people talking over each other and saying "no, you go first". Business travel will rebound. Will it rebound to the same levels as 2019? That will probably depend on how many businesses/jobs survive this.
Cherokee_Cruiser
Bronteroc
I’d rather pay a high prop tax rate and have 0 state income tax. So in Washington, 500k home pays 10k tax. In California the property tax on that would be 5k, but as a Capt the state income tax about 20k!!!!
Cherokee_Cruiser
Bronteroc
Well crap that’s the same as California then. Except you pay 0 in WA, and in CA it’s about 20k for a Capt.
NickH
Uber Driver
Washington has a really high Sales Tax. You can compare Total Tax Burden to really compare States, and most of them are very close: Tax Burden by State. You do have an ability to influence it. If, for example, you spend a lot of time out of State, you might avoid some Sales Taxes. Meanwhile some States (Including AZ but not ,TX) assess Taxes on Capital Gains differently from other Income. Depending on your source of income and spending habits, you might be able to save some taxes in one State over another. But it's very unlikely to be as much as many people think.
Cherokee_Cruiser
Bronteroc
What? What’s WA sales tax?
I’m at 9.5%. And they voted to make it 10.25% but for the first time it seems libbies wised up and said no.