Originally posted by CatchMaster80:
That number is the combined tax rate derived from state and local sales taxes. I guess I didn't emphasize that. So that's about the same as Santa Clara county. No state income taxes which saves him 13.3 %. Of course he'll still pay the federal income tax.
I still think there are a lot of reasons for choosing an area to live in other than what the state income tax rate is. Many 49ers making less than what Brock is getting live in the Bay Area. Even if he paid the full 13.3% he would still be making way more than he ever dreamed of. When guys earn that much money they rarely actually pay the full tax rate. They have several tax write offs. One of the benefits of being wealthy.
Nothing wrong with living in Nashville. It looks like a nice place. Personally I could never stand the humidity but apparently it doesn't bother Brock or his wife.
One final thing Catch: You were figuring sales and property taxes. The other gentleman was talking about income taxes.
So, two different things. That's the discrepancy.
[ Edited by Isosceles on Jun 23, 2025 at 9:57 AM ]