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Re: Mississippi beats Bama [Re: Jstocks] #4302102
03/21/25 07:37 PM
03/21/25 07:37 PM
Joined: Feb 2008
Posts: 13,082
Satsuma
kodiak06 Offline
Booner
kodiak06  Offline
Booner
Joined: Feb 2008
Posts: 13,082
Satsuma
Originally Posted by Jstocks
Originally Posted by DryFire
Originally Posted by cullbuck
I’ll trade ….no state income tax for higher property tax. Income tax…applies to every dime you ever make. 5% here of everything.


Try living in Texas and pay their wealth tax on property. I lived on both sides of the fence. I'll take the Alabama state income tax any day over Texas property taxes.


This ain’t no lie here. When I lived in Texas my property tax was as much or more than my monthly mortgage.


I looked at a house in Wallaceville in 1986 and was like "I'm buying it" and then I saw the property taxes and said "fug no" lol

Re: Mississippi beats Bama [Re: Hoytdad10] #4302109
03/21/25 08:02 PM
03/21/25 08:02 PM
Joined: Apr 2010
Posts: 3,368
leeds,al
G
geeb1 Offline
10 point
geeb1  Offline
10 point
G
Joined: Apr 2010
Posts: 3,368
leeds,al
Originally Posted by Hoytdad10
Never happen here... heck the state is in the liquor business. They won't give up anything.

Yes

Re: Mississippi beats Bama [Re: Skinny] #4302118
03/21/25 08:37 PM
03/21/25 08:37 PM
Joined: Nov 2011
Posts: 22,110
USA
R
Remington270 Offline
Freak of Nature
Remington270  Offline
Freak of Nature
R
Joined: Nov 2011
Posts: 22,110
USA
Mississippi did not eliminate the state income tax. It gradually goes to 3%, and then “goes to 0% by 2037 if the state meets growth criteria and there is money left that isn’t spent in the state budget”.
I’m paraphrasing of course.

My takeaway is that it’s going to 3% and won’t go any lower. I’ll take it, though. Better than 5%

Re: Mississippi beats Bama [Re: kodiak06] #4302153
03/21/25 10:42 PM
03/21/25 10:42 PM
Joined: Oct 2005
Posts: 1,531
AL
C
cullbuck Offline
8 point
cullbuck  Offline
8 point
C
Joined: Oct 2005
Posts: 1,531
AL
Originally Posted by kodiak06
Originally Posted by Jstocks
Originally Posted by DryFire
Originally Posted by cullbuck
I’ll trade ….no state income tax for higher property tax. Income tax…applies to every dime you ever make. 5% here of everything.


Try living in Texas and pay their wealth tax on property. I lived on both sides of the fence. I'll take the Alabama state income tax any day over Texas property taxes.


This ain’t no lie here. When I lived in Texas my property tax was as much or more than my monthly mortgage.


I looked at a house in Wallaceville in 1986 and was like "I'm buying it" and then I saw the property taxes and said "fug no" lol


I think TX property tax is about 1.5% of value. So a $200,000 house would be $3k/year there. But zero income tax. And significant wildlife property tax exemptions if you live on ‘managed’ property. I’d still take the no income tax on every dime earned in a lifetime.

Re: Mississippi beats Bama [Re: donia] #4302335
03/22/25 03:21 PM
03/22/25 03:21 PM
Joined: Dec 2004
Posts: 19,334
.
ford150man Offline
Old Mossy Horns
ford150man  Offline
Old Mossy Horns
Joined: Dec 2004
Posts: 19,334
.
Originally Posted by donia
They’ll make it up somewhere else, rest assured. Waiting to see just where, with bated breath.



^^This^^. I’ve lived in a state where they had no income taxes. They rape you in other areas. I remember dad bought a Cadillac back in 1990. When he went to get the tag for it, it was over $4k.

Last edited by ford150man; 03/22/25 03:22 PM.

If voting made any difference, they wouldn’t let us do it.-Mark Twain
Re: Mississippi beats Bama [Re: cullbuck] #4302666
03/23/25 12:44 PM
03/23/25 12:44 PM
Joined: Feb 2015
Posts: 7,675
Meridianville
DryFire Offline
14 point
DryFire  Offline
14 point
Joined: Feb 2015
Posts: 7,675
Meridianville
Originally Posted by cullbuck

I think TX property tax is about 1.5% of value. So a $200,000 house would be $3k/year there. But zero income tax. And significant wildlife property tax exemptions if you live on ‘managed’ property. I’d still take the no income tax on every dime earned in a lifetime.


Good luck finding a $200,000 house in Texas in a neighborhood you would feel safe in. Before we moved here, my wife had a total of 6 neck surgeries. This led her having to medically retire at age 50. We lost 40% of our income. In Alabama, my tax liability would decrease. In Texas, my property taxes continued to increase.

Re: Mississippi beats Bama [Re: Skinny] #4302670
03/23/25 12:57 PM
03/23/25 12:57 PM
Joined: Feb 2019
Posts: 5,060
Montgomery,al,usa
Davyalabama Offline
12 point
Davyalabama  Offline
12 point
Joined: Feb 2019
Posts: 5,060
Montgomery,al,usa
It will be made up, you know they aren’t letting all that money go.


“If you do not conquer self, you will be conquered by self.” Napoleon Hill
The most difficult thing to understand during conversation is silence. Thoreau
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