Iowa is proposing to end income taxes for people under 30? (link)
 

I don't know if it's just a break they are proposing or what, but it's fairly interesting...

http://money.cnn.com/2005/02/09/pf/i...tive/index.htm

NEW YORK (CNN/Money) - Iowa legislators are taking dead aim at one of the state's biggest problems: retaining young residents. A proposed tax break could put an extra $600, on average, in the pocket of every resident under 30 years old.

"We're a rapidly aging population," says Jeff Lamberti, an Iowa state senator who helped introduce the bill. "We're approaching a time when every dollar of new revenue we get will be spent on just one thing, Medicaid."

Nearly twice as many counties in the state have lost residents in the last 70 years than have gained. As in much of the Midwest, rural areas suffer most.

The story repeats itself throughout America's heartland, where stagnant or negative population growth has long been the norm.

Nearly every midwestern farm state is scrambling to respond, often by putting together packages of personal and business incentives.

North Dakota supports buffalo production and eco-tourism as ways to stimulate growth. The state facilitates loans to ranchers and its agricultural extension service offers technical assistance.

Some Kansas towns give away land. (See Free land in the heartland.)

The U.S. Congress has even entered the fray, considering a "New Homestead Act," which includes a long list of personal and business incentives designed to re-ignite growth in rural

Continued...

None of the kids want to live in the cornfields anymore, huh? Wonder why.

a whole 600 dollars to stay in the middle of no where lol

I moved out of Iowa right after high school. Something like that is a pretty good incentive to stay. But it is true, a lot of young people don't stay. Its been a problem for years.

Iowa is one of the places you try to get away from, not move to. Is ~$600 that much of an incentive for any kids to stay there? I'll never understand how anyone can live in a place like that to begin with.

is it really cheap to live there?

Ridiculously.

I'm seriously thinking about buying a condo to have available for the 2-3 times a year I visit. Can probably get one for $90k easy. My dad just sold his huge, beautiful house with a plot of land and a huge work shop for $225k, and that is considered pretty expensive.

Alot of states dont have income tax not that big a deal really.. I doubt it would help.

I wish we didn't have state income tax. would save me thousands every quarter I make estimated tax payments.