Can someone explain to my why its an advantage to live in a state with zero income tax? Does it really matter how the state makes its money. If it does not come from your paycheck directly they get it other ways.
For instance in Florida you pay ~2% property tax on your assessed value and in california you pay ~1% on your purchased value. If you bought property at 500k and its appreciated to 1 million in CA you pay 5k in FL you pay 20k.
For instance in Florida you pay ~2% property tax on your assessed value and in california you pay ~1% on your purchased value. If you bought property at 500k and its appreciated to 1 million in CA you pay 5k in FL you pay 20k.