The truth about State Income Tax!
WHO KNEW? The various states TAX PEOPLE and grab up to a tenth of what you earn a year! Suze Orman was on Oprah just now saying that Calif state income taxes are the highest in USA. She pointed out that most states don't have ANY. She told an indebt couple on TV just now, to MOVE. "It's like giving oneself a 10% pay raise."
How California State income tax rates are structured
The tax table below will show in detail the California state income tax
rates by income tax bracket(s). There are 6 income tax brackets for
If your income range is between $0 and $6,146, your tax rate on every
dollar of income earned is 1%.
If your income range is between $6,147 and $14,570, your tax rate on every
dollar of income earned is 2%.
If your income range is between $14,571 and $22,996, your tax rate on every
dollar of income earned is 4%.
If your income range is between $22,997 and $31,924, your tax rate on every
dollar of income earned is 6%.
If your income range is between $31,925 and $40,345, your tax rate on every
dollar of income earned is 8%.
If your income range is $40,346 and over, your tax rate on every dollar of
income earned is 9.3%.
WHICH states have no personal income tax? GOOGLE YOUR STATE and the words 'state income tax' in quotes as it's a phrase.
Seven states have no state income tax: Alaska, Florida, Nevada, South
Dakota, Texas, Washington and Wyoming. I hear that Austin, Texas is
a great place to live. Washington will be the new Hawaii with Global
Warming so don't be afraid to go so close to the Northern border.
Two others, New Hampshire and Tennessee, tax only dividend and interest
income. An OREGON galpal told me: "We have about a 7% state income
tax but no sales tax. WA has a 8.8 or so sales tax but no state income tax. Alaska has
no state or sales tax! " Is Juneau trying to whisper something seductive in your ear?
YEAHH! In truth, they probably could be induced to pay YOU to live there! I know three
Alaskans online if you want to chat up a refrigerated person during the brief thaw.
Alaska is like living in your FRIDGE half the year. Doubt you can grow corn, squash or melons
there as they take 180 days of straight heat. Now, Tennessee is green, fertile, you can grow anything.
And there are no tornados there. If you had an internet-based business you could live far
up in the Appalachian foothills and grow apples*. But the place is full of DELIVERANCE type hicks living in
the 18th century. If you had a banjo and were willing to play at Bingo Games, you might fit in.
For COUNTRY LIVING tips, go to the GENTLEMAN FARMER ARCHIVE.
Anyway, there's a fine, classic book you can buy used which discusses the
various states for agricultural and other features. " How to Find Your Ideal Country Home: Ruralize Your Dreams (ISBN: 0964147807) Gene GeRue. Buy it used for 2$ at ABE BOOKS. It's the size of a coffee table
ART & HISTORY book, thick. Has every state. Illustrated. There's a secret way
to order books cheaply, go around ABE straight to the vendor.
To see how other states compare, check out the Federation of Tax
Administrators' listing of individual income tax rates for 2006.
*As for living in hills, you could easily 'deal' in native artisanry which
Appalachian folks make, an Internet Home Decor store, live without
electricity, just a generator. The non-Honda, non-Brand name generators
go for l00$ online, delivered. Ask me for store. You can run your PC
for an hour a day, handle orders. Then turn on the camping lamps for
a few hours. Then use generator for TV. My friend just got his generator
I can get back to you with info on it. Astrology at earthlink dot net is me.
Anita Sands is also me.
REMEMBER for FEDERAL INCOME TAX, you have to SHOW no income. Not have it.
See to it that you earn less than 9k a year on paper. $ 8,750 is new minimum you can earn without being req'd to report income, at your young age. It's two k more if over 63. A mailed W-2 would be issued by an employer at $1,000 so if you collect a few W-2's that add up to under that amt. you're fine. After that amt, you have to work underground.
<-----BACK TO THE GARDENING INDEX
<------ BACK TO THE MONEY PAGE