Quote:
Originally Posted by epitome
Jesus. If the state is still broke in a few years they are doing something really, really, really wrong.
Maryland (which has tons of illegals they support btw... so that can't be the only reason) has I think a 6% income tax on average and a 6% sales tax and is doing just fine. Even property taxes are reasonable.
In Florida we have no state income tax, 6% sales tax, hefty tourism taxes and high property taxes... nothing obscene though even when you add it all up... and things are OK (not great, but OK)
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See from what I read one of the big problems in CA and it caused this problem is CA doesnt have high property taxes. When Warren Buffet was helping with Arnolds race for GOV. He said something is wrong when he paid more than $14,000 in property taxes annually on his primary residence in Omaha, which was valued at $500,000, while paying less than $2,000 a year on his $2.4 million home in Laguna Beach, California.