flacaltenn
Diamond Member
If California is such a killer place, and run so well,why do they need federal tax dollars?
California ranks 46th in federal dependency.
2017’s Most & Least Federally Dependent States
None of that includes the disparity in cost of living from state to state. Many red states are extreme bargains that can stretch a paycheck by a factor of 2 to 1. Also none of that includes the MASSIVE tax breaks for State/Local Income taxes that are almost EXCLUSIVELY a Blue State thing. Federal govt just is braindead and ASSUMES that $15/hr is same benefit in every state. Also assumes a one size fits all standard deduction on tax forms and that there is ONLY ONE "poverty level" for all 50 states. CLEARLY -- they are deluded.
So the revenues BACK from the Fed are roughly the same per capita. But the revenues TO the Fed treasury on income tax are anywhere from 25% to 35% lower per capita... Because Red States do not have inflated cost of living, wages, taxes..
You leftists are UNDERPAYING yourselves because EVERYTHING IN LIFE in your little blue havens is chronically INFLATED.. Adjust for all things I mentioned and this talking point goes away for you. NOT the fault of the Red States at all. It's the brain dead "one size fits all" way that Congress writes tax and benefit laws.
California has high real estate prices because so many people want to live, work, and do business there.
No actually, Cali has the most expensive real estate prices because of zoning, building restrictions and the cost of construction.. Almost 90% of the housing stock from Burlingame (SFO airport) down to San Jose was over 50 years old. And NOT quality stuff. The only NEW housing being constructed were "tear downs" in $1mill+ neighborhoods. Or dense "city center" crap on top of commercial space.. Crappy 50 yr old 1200 sq ft houses could run close to $800K. No charm, no value,
When you live there -- you're evil rich because of price/wage inflation. But you LIVE like lower middle class in my Tennessee area. Except you have Bimmer or Benz or two. Which came from an EQUITY loan based on the phony value of your house.