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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (3129)	5/26/2015 6:29:08 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26770

Everything is paid by the buyer. But if you only have $100 and $9 goes to the State, then the shop owner can only sell you $91 worth of product. Most states have both now I believe and yet in Washington State with its exploding economy we still rely on the sales tax. Indeed. A good friend of mine worked in WA and enjoyed no income tax. Then he built a retirement home on the other side of the Columbia (Mosier, Oregon) so he can spend savings without paying taxes on what he buys. It would be interesting to see if the income on 401K RMDs makes up for the sales tax savings but his Social Security payments can be spent without paying the 9% tax we have in my town in CA. Some VCs bought homes on the N. Shore of Tahoe on the Nevada side and hope to change that to their official residence after their kids finish school in CA... Right now they'd pay 12.3% CA income tax on the incremental income but if they get a big payday, they could probably move the kids to the vacation homes and save a bundle... California Tax Rates and Brackets It all goes into the equation.