GR and I do not share many YouTube Subs, but interestingly enough? This guy is one of them. He's not entirely wrong, but like most datatainers he often confuses data with truth. I usually do listen-only with him but I'm validating a 500kb/s backup internet system for backup comms while surfing PC so I watched this one just to see if I can do both at once. The video doesn't really bring much to the experience so I'll keep loading them to go. He's right about one thing with this video, nobody gets a free ride but this does not necessarily mean that states that have no income taxes are "ripping you off." BIG government types hate consumption and excise taxes because they tend to be flatter and have much fewer carve outs that they can exploit to curry favor with voters (or punish others.) He did admit that the no-income states may not be the worse fiscally administered states. That's not a red state/blue state thing since in our 52 state laboratory of democracy there are some of each. There are also 13 states that do not tax retirement income, and some states reduce or eliminate property taxes during your last dozen or more laps around the sun. 40-something US states do not tax social security. As always, it's a YMMV thing.
Despite law that prohibits personal income tax, Washington State doesn't really belong on the "no state income tax" lists anymore. With some creating wordsmithing since approved by the state Supreme Court, a certain item (capital gains) that counts as personal income for federal income tax, has now been redefined as something else for state tax purposes, thus subject to "excise tax." Functionally identical, only spelled and pronounced different. This year, the Legislature is working to tax ordinary income too. I don't yet know what verbal legal contortions they are using to get around the existing prohibition, because it is so bald-faced that even the legislators are calling it an income tax. The thresholds where these taxes start are placed very high, so not (yet) to catch commoners, but nobody believes that will remain true. This video's claim about my state's effective sales and property tax rates are puzzling, appearing to seriously understate sales tax and overstate property tax. The Tax Foundation's figures appear much more realistic. But there are plenty of other disguised tax bites hidden elsewhere.
When we lived in New Hampshire, we found out quickly that no income tax means high everything else tax. There were even taxes we’d never heard of before
Yep; it's a well know fact that it's easier to get a penny from many people; than to ask for C-notes from cheap rich people. The magic happens through inflation; as more and more commoners get caught-up in that trap. I bet dollars to dough-nuts that there isn't an inflation index built into that final bill to ensure that it ONLY snares the so called rich.... My old crappy union wanted to increase dues, so they hatched a plan to claim it was to bankroll a strike fund. I repeatedly ask them for the "final" amendment draft and never got it - so our facility voted it down. Unfortunately, it passed overwhelmingly overall. We found out why I was stone-wall on that draft a year later. There was an inflation index built into it - so the union got themselves annual inflation increases, while we got a 3-5 year contract that didn't keep up with inflation. Bravo for the union, winning it for themselves..... In my state, they are called FEES, since we passed a law that requires all new taxes must be voted upon and passed by a 2/3 majority. You see a lot of that in vacation and hotel bookings; some disclosed - most not, they just show up in your final bill. Deceptive????? You know it's bad when congressmen are asked to do something about this. I've been noticing a new trend on those cheap flight n hotel booking apps. Some do disclose the property fee, up front - but most AI booking doesn't include those fees in the cheapest booking rankings. Buyer beware and you get what you paid for - (regarding that app)... There are NO free lunches, because taxes are paying for it.
