Comments on: Stimulus Plan Saves the States – from What? http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Jasmine http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-4151 Jasmine Mon, 27 Apr 2009 19:32:47 +0000 http://toughmoneylove.com/?p=3179#comment-4151 Well, I'm a Long Islandier. A I do believe that there is some truth to what is being said here by Tough Money Love. Honestly anyone who lives there knows the taxes keep going up and up and up. And for years it has been happening.With nothing to show for it. Eventually whats going to happen which I think has already begun.The middle class is disapperaing and I don't blame them either. I know I have since I moved my family and I to the South. I didn't move to N.C. but I damn sure moved to Atlanta. Right at the perfect time. I was able to achive the American dream here far away from home with many more incentives that would have just be a remote dream if I would have stayed in N.Y. - Jasmine Well,

I’m a Long Islandier. A I do believe that there is some truth to what is being said here by Tough Money Love. Honestly anyone who lives there knows the taxes keep going up and up and up. And for years it has been happening.With nothing to show for it. Eventually whats going to happen which I think has already begun.The middle class is disapperaing and I don’t blame them either. I know I have since I moved my family and I to the South. I didn’t move to N.C. but I damn sure moved to Atlanta. Right at the perfect time. I was able to achive the American dream here far away from home with many more incentives that would have just be a remote dream if I would have stayed in N.Y. – Jasmine

]]> By: MasterPo http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-4025 MasterPo Sun, 19 Apr 2009 13:02:23 +0000 http://toughmoneylove.com/?p=3179#comment-4025 Rick - That's probably the first time I agree with you! :-) Rick – That’s probably the first time I agree with you! :-)

]]> By: Rick Beagle http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-3985 Rick Beagle Thu, 16 Apr 2009 05:57:07 +0000 http://toughmoneylove.com/?p=3179#comment-3985 ugh, repealed and replaced with a 4% tax.... way too late for me obviously. ugh, repealed and replaced with a 4% tax…. way too late for me obviously.

]]> By: Rick Beagle http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-3984 Rick Beagle Thu, 16 Apr 2009 05:56:15 +0000 http://toughmoneylove.com/?p=3179#comment-3984 I will take that bet! I bet in 3 years its repelled and replaced with a %4 tax! :-) I know, I know... you hate me! I will take that bet! I bet in 3 years its repelled and replaced with a %4 tax!

:-)

I know, I know… you hate me!

]]> By: MasterPo http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-3981 MasterPo Thu, 16 Apr 2009 02:26:06 +0000 http://toughmoneylove.com/?p=3179#comment-3981 BTW, don't forget that Gov. Patterson's 2% millionaires tax (on people making $300,000 - can anyone explain the math to me for that?!) is only *supposed* to be a 3 year "emergency" measure. Now taking bets.... BTW, don’t forget that Gov. Patterson’s 2% millionaires tax (on people making $300,000 – can anyone explain the math to me for that?!) is only *supposed* to be a 3 year “emergency” measure.

Now taking bets….

]]> By: TMN http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-3979 TMN Wed, 15 Apr 2009 19:06:04 +0000 http://toughmoneylove.com/?p=3179#comment-3979 I agree, state income taxes do not strictly correlate to vibrant business cultures. Washington has no state income tax, but Seattle is easily the second largest technology center in the country. That's not to say that we have no state budget, but it's funded in other ways... property tax, business licenses, sales tax, and special levies on gasoline, alcohol, and tobacco. I agree, state income taxes do not strictly correlate to vibrant business cultures. Washington has no state income tax, but Seattle is easily the second largest technology center in the country.

That’s not to say that we have no state budget, but it’s funded in other ways… property tax, business licenses, sales tax, and special levies on gasoline, alcohol, and tobacco.

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2009/04/14/stimulus-plan-saves-states-from-what/comment-page-1/#comment-3978 Mr. ToughMoneyLove Wed, 15 Apr 2009 18:45:30 +0000 http://toughmoneylove.com/?p=3179#comment-3978 Ahead of the curve: Certainly lots of high tech jobs go hand in hand with population, but not necessarily job density. The U.S. city with the most Ph.D. scientist and engineers per capita is Huntsville, Alabama. Research Triangle Park in N.C. is another example of a high concentration of high tech jobs. Nashville leads the world in development of healthcare information technology. The list can go on. I do not perceive a meaningful correlation between high state income taxes and things "going on" if you are referring to positive things. In many states, high taxes are used to support bloated state and local entitlement programs. Ahead of the curve: Certainly lots of high tech jobs go hand in hand with population, but not necessarily job density. The U.S. city with the most Ph.D. scientist and engineers per capita is Huntsville, Alabama. Research Triangle Park in N.C. is another example of a high concentration of high tech jobs. Nashville leads the world in development of healthcare information technology. The list can go on.

I do not perceive a meaningful correlation between high state income taxes and things “going on” if you are referring to positive things. In many states, high taxes are used to support bloated state and local entitlement programs.

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