News Analysis: American Families’ Unwanted Squandering “Relatives” Living In Their State Capitals are the State Income Tax Collectors. The Average State and Local Tax Rates vary widely from a Lowest Collective Rates in Wyoming to ‘Draconian’ Tax Rates in New York.
One may expect that the Alleged present New York City Citizen, the former Nicaragua “Sandinista” Visitor and Confidante, of Daniel Ortega (currently Nicaraguan President) would want high Local Taxes on the “Wall Street Capitalistas”. “Por que No?” “Los Hombres Economicos tienes mucho dinero; moneda lo queremos”. Comprende?
Wise Businessmen with Large Incomes will do well to consider moving to other States with ‘Reasonable’ Taxation. For example, a movement to next door Nevada from California would make much economic sense. The profligate spending of Sacramento, California Politicians has almost bankrupted the “Golden State”. “Ill-advised spending primarily on ‘Residents of questionable Bona fides, has been occurring for decades at the Expense of California’s Citizens”, many people reportedly say.
Current Communication capabilities makes living in another state both feasible as well as Economically Wise (especially Businessmen). For example, A Major Wall Street Entity has extensive activities in Salt Lake City, Utah; a Wise Decision.
“Cash is King”; why give it to the ‘Unappreciative Squandering Relative’ living in the State Capital? Keep your Money in YOUR Pocket, Legally.
Reality.
Reference: http://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/#methodology