Just how much do you save in Texas without state income tax??

The State and Local tax burden per person in 2010 for Connecticut was $6984. In Texas it was $3104 per person.

http://taxfoundation.org/sites/taxfoundation.org/files/docs/ff2013.pdf

$65,000 cost of living in Hartford, CT would only cost you $48,647 in Fort Worth TX.

http://money.cnn.com/calculator/pf/cost-of-living/

 

If you own property in Texas you will get a pretty stiff hit

 

Common sense should come to play.

All states have to have operating income sources. If it does not come from income tax, it comes from sales tax or property tax. Nobody gets anything for free.

 

Google Pub 15 from the IRS. It has the withholding tables in it and can give you a good idea.

 

Here is a brief tutorial on how to do it.

https://web.kennesaw.edu/payroll/content/how-do-i-calculate-federal-income-tax-withholding

 

The Ct state tax rate for that income is 5.5%. so at $1300 per week, you'll pay $71.50 less per week at a minimum, or $3718 per year. But there are other savings. For example, the avg. price of gas right now is 50 cents per gallon less. if you have a pickup like I do, that will save you $12 per fill up.
Then, consider the advantage of living in Texas compared to Ct. Can't put a value on that. I moved to Florida from Pa three years ago, and I never looked back. Night and day difference between the way the states are run. You have to experience it to understand.
By the way, I don't know how Texas makes their money, but in Florida it's made up with fees on motel rooms and attraction fees, etc.

 

While generally this is true, you have to look at what the state puts it's money into.
I came (most recently) from CA. The state funds equestrian trails, free health care for illegals, free breakfasts, lunchs and after school care for illegals, has amonst the highest retirement rate for state workers (in some cases a worker can retire after 20 years with 102% of their last three years average pay). Funding for colleges is very high in comparison to other states.
So the taxes there are considerably more overall than TX.
Gas tax is much higher (I paid 2.99/gal yesterday, my son in San Diego told me he just paid 3.65 and that was pretty average) But they spend the highway fund on retrofitting Mexican trucks, art work in front of state buildings and bicycle racks at bus stops (just to mention a few)
The sales tax is higher than TX, the income tax can excede 11% depending on your income and property taxes on homes is as high or higher than TX, largely due to the value of property. (the rate is lower).
So look how a state spends it's money and you can save a lot depending on your circumstances.

 

That and sales tax. 8.25% here versus 6.75% across the state line in New Mexico. Then when you want to drink your troubles away you get hit with high liquor taxes. The man gets his one way or another.

Then when you register your car......