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Is it really that bad on the west coast?
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Quote from qxrt
Quote from docholliday126
400k in California is middle class, your spouse will have to work if you want the big house, private schools, etc..
You realize that 400k puts you in the top 97-98% for salaries in California? And 99th% for the LA area? Or even 94-97th% for the SF-Bay Area (depending on if you go by individual or household income)? Even taking humongous student debt into account, with a 400k salary, it still puts you in a much better position than most people out there.
You don’t get it.
Even if you make 5 million/y in California, you are miserable and your life is terrible because it is a blue state.-
If you make $5 million a year, all the negatives of living in a blue state are effectively neutralized by the sense of power, status, and overall superiority one feels by simply living there.
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Dude, I live in CA, albeit an expensive part. I’ll break it down, so let’s say you make 500k a year. What’s a fair take home?
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Quote from Hospital-Rad
You don’t get it.
Even if you make 5 million/y in California, you are miserable and your life is terrible because it is a blue state.
If you pull 5m/year, you probably claim residence in Nevada and receive most of your income in non-wage categories. That way you can point and and laugh at all the poor saps with W2 income who have to pay the taxes that keep the 100k lifegards and 600k municipal officials well fed.-
Yeah, so I left out some stuff too like vacations etc.
That lifestyle is not too crazy in the nice parts of CA.
Ok, let’s say you live like a miser and save 10K a month and invest well, then you will be in a good position in you 60’s.
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Docholliday’s fantasy budget is laughable indeed. Meals and entertainment for $1500/mo. And there I thought CA docs were working too hard to have time for entertainment.
Everyone gets to make a home where they like but this anti-CA hyperbole gets old.
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Dude, this almost came straight out of my books.
Meals and ent… have you ever taken a family of 4 out to a nice meal in a nice city? Lucky to get out will a $300 bill…
I went low on some of the stuff because the virus has us cutting back.
So no sorry, not fantasy.
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Do you live in CA, doc?That budget is nuts. $1600/mo in cars and $600 for insurance? You must be a terrible driver or they are super expensive cars. Wheres your disability insurance? You pay almost as much in life insurance as I do in DI.
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Yea, I don’t know if that lack of savings is California related…
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You can write off a Tesla??
I know some Docs who live lavishly but they arent Rads. Most Rads I have known in my career have lived pretty boring lifestyles relative to income except one rural Rad I knew who had like a massive mansion and multiple Ferraris or something….
I think he justified it due to living in BFE.-
You have 4 people ohln insurance??? 600 per month usaa.
Wife has a 900/month Yukun XL and I have a 700/month tesla.
Stop calling me out, my expenses aren’t that absurd. Yeah I live good but not like Sultan or anything.
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Don’ even get me started on the good sushi…ooof
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Ha Ha. Good Sushi …I can pay any price.. 🙂
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Quote from Waduh Dong
You can write off a Tesla??
I know some Docs who live lavishly but they arent Rads. Most Rads I have known in my career have lived pretty boring lifestyles relative to income except one rural Rad I knew who had like a massive mansion and multiple Ferraris or something….
I think he justified it due to living in BFE.Where, in general, did the rural rad live?
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Quote from Waduh Dong
You can write off a Tesla??
I know some Docs who live lavishly but they arent Rads. Most Rads I have known in my career have lived pretty boring lifestyles relative to income except one rural Rad I knew who had like a massive mansion and multiple Ferraris or something….
I think he justified it due to living in BFE.I knew a rad in rural Mississippi that lived like that. Built a 10k sq ft house. He eventually lost the contract. Had a hell of a time trying to sell the house.
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Quote from drad123
Quote from Waduh Dong
You can write off a Tesla??
I know some Docs who live lavishly but they arent Rads. Most Rads I have known in my career have lived pretty boring lifestyles relative to income except one rural Rad I knew who had like a massive mansion and multiple Ferraris or something….
I think he justified it due to living in BFE.I knew a rad in rural Mississippi that lived like that. Built a 10k sq ft house. He eventually lost the contract. Had a hell of a time trying to sell the house.
Our old fellow took a job in a semi-rural Indiana. Bought an 8000 square foot mcmansion before even arriving. He didn’t last in the job more than 6 months … moved and took a huge bath on the house.
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Quote from dergon
Quote from drad123
Quote from Waduh Dong
You can write off a Tesla??
I know some Docs who live lavishly but they arent Rads. Most Rads I have known in my career have lived pretty boring lifestyles relative to income except one rural Rad I knew who had like a massive mansion and multiple Ferraris or something….
I think he justified it due to living in BFE.I knew a rad in rural Mississippi that lived like that. Built a 10k sq ft house. He eventually lost the contract. Had a hell of a time trying to sell the house.
Our old fellow took a job in a semi-rural Indiana. Bought an 8000 square foot mcmansion before even arriving. He didn’t last in the job more than 6 months … moved and took a huge bath on the house.
Why did he leave so soon?
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I’ll have to ask my butler to look up the business card for the chap who didn’t like it in rural Indiana. He informed me this morning that he will be in a meeting with the head gardener to go over the bulb planting plan for the fall, so it may take a while until he gets back to me.
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Quote from fw
I’ll have to ask my butler to look up the business card for the chap who didn’t like it in rural Indiana. He informed me this morning that he will be in a meeting with the head gardener to go over the bulb planting plan for the fall, so it may take a while until he gets back to me.
You assume he didn’t like it. I’ll bet it was the other way around. Hospital admin or powerful doc on staff didn’t like him.
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Quote from drad123
Quote from fw
I’ll have to ask my butler to look up the business card for the chap who didn’t like it in rural Indiana. He informed me this morning that he will be in a meeting with the head gardener to go over the bulb planting plan for the fall, so it may take a while until he gets back to me.
You assume he didn’t like it. I’ll bet it was the other way around. Hospital admin or powerful doc on staff didn’t like him.
Given that we have zero information to go either way, let me throw in the possibility that his wife didn’t like it despite the 8000sf manse.
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Quote from fw
Quote from drad123
Quote from fw
I’ll have to ask my butler to look up the business card for the chap who didn’t like it in rural Indiana. He informed me this morning that he will be in a meeting with the head gardener to go over the bulb planting plan for the fall, so it may take a while until he gets back to me.
You assume he didn’t like it. I’ll bet it was the other way around. Hospital admin or powerful doc on staff didn’t like him.
Given that we have zero information to go either way, let me throw in the possibility that his wife didn’t like it despite the 8000sf manse.
My experience is when wives don’t like a place they say so when the location is first mentioned- at the very latest during the interview.
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Quote from drad123
My experience is when wives don’t like a place they say so when the location is first mentioned- at the very latest during the interview.
Watching this script play out a number of times, what they may or may not have said at those times doesn’t hold a candle to a big enough number on the signing bonus check.
Creates really enjoyable relationship dynamics when 6 months later it is time to pay back that bonus while figuring out how to make up the shortfall on the sale of the mcmansion (which the ‘rich’ noob overpaid on due to lack of knowledge about the RE market in a small town).
– rent
– leave wife close to family
– buy nice but sellable property once it’s clear that the job is as advertised -
I always recruited, hoping the spouse was happy. Were they, usually a wife, from the area.
But it is pretty unpredictable. And when people leave; they lie. My wife was unhappy, when really it was them.
My wife is a could survive anywhere. Anywhere. I wanted to move closer to family because of practice issues, and she told me to toughen up. -
I live in California and I am a tech. I can’t afford a house to own but I like it here. In a smaller city just off the central coast. Close to the beach and not too far from the mountains. Monterey is a couple of hours away. Wine country is closer.
Sad to see my radiologist colleagues on here b****ing about not being able to afford a mansion here. The ones I work for are pretty cool and encouraging. I’m doing better than the front office staff. They like it also. -
Unicorn2020 hit the nail on the head…
So many rads on Auntminnie with negative outlooks on everything. It’s an online b**** session half the time, with few intelligent/insightful posts mixed in.
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Thank you. I don’t know how much money our radiologists make but I’m sure it’s a lot more than I do. We hear them complain about taxes quite a bit for sure. I’m not bothered by taxes since we are in significantly lower bracket. We have good public schools that are funded by local property taxes so we benefit by renting in a good district.
We get invited to events at radiologist’s homes some times. They might not be mansions but they seem pretty nice to me. They are very welcoming. -
You are happy where you are and you stay there regardless of opinions of internet posters in anonymous forums. Good for you, keep on going.
You are not happy where you are and you want to change and take chance at a new location (from Ca to central or vice versa). Good for you, what do you have to lose ?
You are not happy where you are but you stay the course regardless of your or other people opnions and continue to be misery. You deserve it.
You are happy where you are but decide to take a chance a new location (from Ca to MW/south or vice versa) because internet posters’ opinions make perfect sense to you. You are a F#$%ing idiot and deserve to be f#$%ed. -
Quote from Unicorn2020
I live in California and I am a tech. I can’t afford a house to own but I like it here. In a smaller city just off the central coast. Close to the beach and not too far from the mountains. Monterey is a couple of hours away. Wine country is closer.
Sad to see my radiologist colleagues on here b****ing about not being able to afford a mansion here. The ones I work for are pretty cool and encouraging. I’m doing better than the front office staff. They like it also.
Why can’t you afford a home? The cost of living in California isn’t high- its just propaganda.
The techs where I have lived own homes. -
Quote from drad123
Quote from Unicorn2020
I live in California and I am a tech. I can’t afford a house to own but I like it here. In a smaller city just off the central coast. Close to the beach and not too far from the mountains. Monterey is a couple of hours away. Wine country is closer.
Sad to see my radiologist colleagues on here b****ing about not being able to afford a mansion here. The ones I work for are pretty cool and encouraging. I’m doing better than the front office staff. They like it also.
Why can’t you afford a home? The cost of living in California isn’t high- its just propaganda.
The techs where I have lived own homes.
The cost of living is high. The reason I posted was to give an example of what I see at a level of income well below that of a radiologist. I notice that the radiologists where I work own nice homes that are not “mansions”. They seem happy. They are nice people, well those that don’t vote for Trump! [;)]
There are many of us here that recognize the high cost of living as a negative. Not enough to take away from all of the other things we love about living here.we will complain every now and then. Quickly we will smile and remember how grateful we are to have what we have.
I’m happy for the techs who can afford to buy a house. There are some around here as well because they have been here longer. Am I somewhat envious? Perhaps. Certainly not enough to move. -
Btw. nobody told you california people to pack up and leave. Please, please stay where you are. There are so damn many of you that we need you to stay where you are.
Just stop the b1tching about the smoke or the water supply issues. The smoke is a natural weather phenomenon for the area and the water supply problems are of your own making. -
I don’t understand this last one. The radiologists I work with are happy and they are nice people. They don’t complain about much. They don’t tell others that they should be living in a bigger house. They like it where they are. So do I. The OP asked for input from those living here.
The only “b1tching” I hear about the things you mention are from the people like you that use them to defend where they choose to live and try to tell people why they made a bad choice.
You sound like someone who thinks they know other people better than they know themselves. I am noticing this is pretty common here. Probably because it’s a bunch of rich doctors. -
fw has some good posts on this forum. But good opinion on this topic is heavily biased and useless at best.
Interesting to see how political biases can make people irrational.
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fw is overwhelmingly right on his posts … it was curious to see him as a covid fearmonger. Odd how you can be right 95% of the time and then emotionally manipulated on a fairly obvious topic.
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By the way, Unicorn sounds like a technologist I would enjoy working with.
This thread has been funny to read: non-California residents bemoaning life in California and blaming Cali residents for bitching about it. Don’t they call that projection?
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One of the few good things about living in Cali during the pandemic:
Freeway traffic much lighter. If you want make a freeway a speedway you can and hopefully you get arrested. MANY drivers doing 100. -
Quote from fw
Quote from drad123
My experience is when wives don’t like a place they say so when the location is first mentioned- at the very latest during the interview.
Watching this script play out a number of times, what they may or may not have said at those times doesn’t hold a candle to a big enough number on the signing bonus check.
Creates really enjoyable relationship dynamics when 6 months later it is time to pay back that bonus while figuring out how to make up the shortfall on the sale of the mcmansion (which the ‘rich’ noob overpaid on due to lack of knowledge about the RE market in a small town).
– rent
– leave wife close to family
– buy nice but sellable property once it’s clear that the job is as advertisedMy experience is if the job is in a rural location and she does not have family there she doesn’t like the location. If I have family there she also doesn’t like the location.
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Quote from rayZor
Docholliday’s fantasy budget is laughable indeed. Meals and entertainment for $1500/mo. And there I thought CA docs were working too hard to have time for entertainment.
That doesn’t go far in chunks of $300/plate sushi bills 😉
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gardner, nanny and private school.
man thats funny
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These budget breakdowns are always fascinating. You can always find out peoples values from the way they spend their money.
As the son of an immigrant physician in a lower paying specialty the expenses on here seem astronomical. I definitely spend more than my parents but I can’t fathom regularly spending $300+ on a meal with kids.
Growing up we would go to Sizzler and only get the salad bar on days where they had a special. I loved those dinosaur shaped chicken nuggets. Maybe El Torito on days where the kids ate free.
Parents never wore fancy clothes.
Never sent us to private schools and yet somehow we kids ended up alright. And our public schools were hardly world class. Somehow parents instilled the value of hardwork and we got it done in the classroom. To memorize our multiplication tables we had to memorize one (all the way up to 20!) by the end of the day and recite them forwards and backwards and then get pimped on random ones. Was a PITA growing up but I see the value when I see even other adults incapable of basic arithmetic in their head. What did that cost? Zero. You don’t need fancy tutors and private schools to give kids a quality education, especially now with the internet.
The challenge for my generation will be to pass on those values. Hard part is that kids aren’t dumb. They will notice when I buy myself $100 tennis shoes or $100 jeans or if we always go to Fogo De Chao instead of Sizzler. Its much harder to keep them humble and hungry instead of lazy and decadent. I’ll just have to figure that out when the time comes.
“Ok, let’s say you live like a miser and save 10K a month and invest well, then you will be in a good position in you 60’s.”
Guess I’ll just continue living like a miser.
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Humble and hungry: I like that saying.
Just gotta figure out what works best for you and your family.
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Good post qwerty89 and a real concern. Dont know if you have children already or how old. Ive come to understand that children learn from what you do, not what you say. The real work in raising kids is improving yourself so that you live up to the values you want for your children; and have a strong relationship with them. They will respect you and aspire to be like you in the same way you feel about your parents.
My nice car is a Ram 1500 and my beater is an old Prius. My kids know that their uncles lease luxury cars and that Im not interested in that nor impressed. Entertainment? I took my 12 year old son fishing today at a back bay located 20 minutes away, was there for half the day and caught a 10-inch yellowfin croaker, my son had a great time. Weve never owned a video game machine and hes never had a smartphone nor any social media presence and no TV in the house, just books and tools for his crafts. I dont know how hell turn out, whether his fathers money will hurt him more than it helps him, but Im hopeful that he stays on the straight and narrow and comes to learn that a measure of a man is his character and not how much money he makes.
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Quote from IR27
gardner, nanny and private school.
man thats funnyHow many rads take care of their own lawns? I don’t know of any. Just mowing could easily be 100 per month.
Pool maintenance, palm tree trimming, shrubs, etc. -
Quote from IR27
gardner, nanny and private school.
man thats funnyI know many rads who send their kids to private school and many who use nannies.
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I think many of salient points have been covered. I will add:
– 500k in take home income in CA is rare for many, if not most, younger rads. Add to that the burden of student loans and need for down payments, and 2 MM house are generally out of range.
– Not all CA is SD, LA, and SF.
– Don’t compare your lifestyle to your colleagues… Family money, partner income, good/lucky investments, and/or good/poor financial decisions have their role.
– Sizzler for 4 today will go over $100 for a a family of 4, especially with EtOH and if the kids are old enough to be ordering off the adult menu. Fortunately, I can cook a better meal for myself than Sizzler, well below that cost. Cast iron and quality meat and veg go far.
– There is nothing wrong with luxury and quality if one can afford it and values it. People make money off of producing such goods and services. I have no issues paying for an occasional tasting menu or high quality sushi dinner. I actually did as a resident and fellow. I enjoy the food, the experience, the service, and am happy to support such economic niches–it is as legitimate a hobby as fishing, which I also enjoy. There is also the quality/longevity calculus especially with clothes, cars, etc. I am one of those black German car “parasites”, my car is 8 years old, works flawlessly, and I don’t see the need for a new one for years.-
Meh…. America is basically a plutocracy. Many, and I mean many, kids I went to school with had parents with wealth many multiples of what I had today and those kids turned out fine and are successful and normal people. Don’t fall for this bs concept that you have to live miserly or not give your kids advantages your money can provide them so they remain “humble and hungry”. They don’t need to have immigrant poverty mentality to be successful in America. It is OK to spend some money giving your kids access to some of the advantages your income/wealth provide and I bet they will turn out just fine and will thank you for it someday. Of course, it is important to teach the discipline and heard work ethic as well but I don’t think the two are mutual exclusive. Lot of American mythology about a “level playing field”, “meritocracy” and “the American dream” is a load of bs.
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Quote from CoronaRad
Meh…. America is basically a plutocracy. Many, and I mean many, kids I went to school with had parents with wealth many multiples of what I had today and those kids turned out fine and are successful and normal people. [b]Don’t fall for this bs concept that you have to live miserly or not give your kids advantages your money can provide them so they remain “humble and hungry”. [/b] They don’t need to have immigrant poverty mentality to be successful in America. [b]It is OK to spend some money giving your kids access to some of the advantages your income/wealth provide and I bet they will turn out just fine[/b] and will thank you for it someday. Of course, it is [b]important to teach the discipline and heard work ethic as well[/b] but I don’t think the two are mutual exclusive. Lot of American mythology about a “level playing field”, “meritocracy” and “the American dream” is a load of bs.
Great post. Lot of what they call “the American dream” is wishful thinking. Look at Harvard undergrad and grad school. Most of its students are children of rich families. ivy league admissions are a sham that give advantage to rich and not to best and brightest.
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Quote from CoronaRad
Meh…. America is basically a plutocracy. Many, and I mean many, kids I went to school with had parents with wealth many multiples of what I had today and those kids turned out fine and are successful and normal people. [b]Don’t fall for this bs concept that you have to live miserly or not give your kids advantages your money can provide them so they remain “humble and hungry”. [/b] They don’t need to have immigrant poverty mentality to be successful in America. [b]It is OK to spend some money giving your kids access to some of the advantages your income/wealth provide and I bet they will turn out just fine[/b] and will thank you for it someday. Of course, it is [b]important to teach the discipline and heard work ethic as well[/b] but I don’t think the two are mutual exclusive. Lot of American mythology about a “level playing field”, “meritocracy” and “the American dream” is a load of bs.
Great post. Lot of what they call “the American dream” is wishful thinking. Look at Harvard undergrad and grad school. Most of its students are children of rich families. ivy league admissions are a sham that give advantage to rich and not to best and brightest.
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I trained and practiced in California for many years before leaving for a red state. The main reason was because of the lack of decent job opportunities. True private practices with partnership opportunities rare and most jobs are corporate W-2 jobs. The cost of living and taxes were other reasons. Of course I miss the weather, beach, being close to family etc and I do plan on moving back at some point. When people ask why I left California, I tell them it’s so that I can afford to retire there one day.
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Yep , 90 percent of PPs are W2.
DBP – not that uncommon but in a group of 40, youll end up doing 40k a year not 140, most likely.
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I guess. But I thought the whole point of living in BFE was to make (and save) bigly.
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Pp jobs are there, but I understand that they are filled through connections pretty much. Supposedly there are jobs that are essentially only open to people that did residency at Stanford (not fellowship) etc.
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I live in Southern California and love it. Do not anticipate ever leaving.
There is a lot of misinformation in this thread as expected. The truth is that most people living in Cali (and SoCal in particular) will not even bother to correct it, as there is no feeling or need to justify living here.
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Fw,
I grew up in South, had a short finance career in midwest, trained in east coast, then landed here in west coast bay area. California is not all that I know.
No matter what I put here though, people who made up their mind (like you) will always come up with saying something is so (disproportionately) bad. Or at least you wish thats how people felt here.
There is so much misinformation here with bias, but I really dont want to bother wasting my time arguing. Suffice to say, many of us are very happy here, with plenty of means and time to enjoy nice things this area has to offer. I reverse commute so never had issues with traffic. Because you know, only cali has this issue with expensive real estate and heavy traffic in large, popular city.
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One particular thing about the bay area that is challenging for a new grad is the challenge of housing prices combined with student loans. Prices have sky rocketed in the last decade, making it significantly more difficult for someone just starting out, compared to 7-10 years ago.
I think this sort of nuance is warranted when discussing the specific issues facing young radiologists in the Bay. I have a lot of family who lives in the Bay, works in real estate, and I trained there, so I’m reasonably familiar with the market.
All that being said, the Bay area is awesome if you can afford to live somewhere that doesn’t come with a crippling commute, and if you have the right job.
And there are definitely good private practice jobs that are highly dependent on connections and where you trained (I trained at one of those bay area preferred programs and know some of the practices).
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Quote from Insomnia
Fw,
I grew up in South, had a short finance career in midwest, trained in east coast, then landed here in west coast bay area. California is not all that I know.
No matter what I put here though, people who made up their mind (like you) will always come up with saying something is so (disproportionately) bad. Or at least you wish thats how people felt here.
There is so much misinformation here with bias, but I really dont want to bother wasting my time arguing. Suffice to say, many of us are very happy here, with plenty of means and time to enjoy nice things this area has to offer. I reverse commute so never had issues with traffic. Because you know, only cali has this issue with expensive real estate and heavy traffic in large, popular city.
Its not misinformation that taxes are high, COL is high and traffic is bad in those locales. Its ok if those things dont rank high on your list of priorities, but dont tell me that something I can objectively verify doesn’t exist.
As I said right at the top: If money was no object, I would have a condo and a sailboat slip in San Diego. Just like NYC, coastal California is a good place if you have plenty of cash and you can just pay to make the nuisances of life there go away. I would even put up with the liberals. The sunshine and sea-breeze the state government of california provides in exchange for the taxes are so worth it.-
Quote from fw
Its not misinformation that taxes are high, COL is high and traffic is bad in those locales. Its ok if those things dont rank high on your list of priorities, but dont tell me that something I can objectively verify doesn’t exist.
As I said right at the top: If money was no object, I would have a condo and a sailboat slip in San Diego.
Actually, it is misinformation. There are large swaths of California, including areas considered very desirable, with average to low traffic. In your example San Diego, for instance, there is often average to low traffic. In large parts of San Diego, there is no traffic at all. I will actually be in San Diego this weekend and would be happy to take a video of it.
The tax arguments are also misleading for a variety of reasons that I will not bother to go into. I think anyone knowledgeable about taxes can spot the many holes in the arguments here. COL is also highly variable in California, including in highly desirable areas of SoCal, so again misleading to say it is high as a blanket statement.
I think it’s pretty obvious that some places in the country are just objectively more desirable. That is even taking into account what you perceive as drawbacks, which are at best misleading and at worst flat out wrong. Southern California is one such place and it is objectively reflected in the desirability and competitiveness of jobs here.-
To sum up the last 5 pages: to each his own.
And for the record, I mow my own lawn.
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Agree, San Diego doesn’t have much traffic.
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Quote from MSK/SW
To sum up the last 5 pages: to each his own.
And for the record, I mow my own lawn.Push or riding mower? lol
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Quote from fw
Quote from drad123
My experience is when wives don’t like a place they say so when the location is first mentioned- at the very latest during the interview.
Watching this script play out a number of times, what they may or may not have said at those times doesn’t hold a candle to a big enough number on the signing bonus check.
Creates really enjoyable relationship dynamics when 6 months later it is time to pay back that bonus while figuring out how to make up the shortfall on the sale of the mcmansion (which the ‘rich’ noob overpaid on due to lack of knowledge about the RE market in a small town).
– rent
– leave wife close to family
– buy nice but sellable property once it’s clear that the job is as advertisedSage advice. I have been renting for 20 years. It has served me well.
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Quote from Casino Royale
fw is overwhelmingly right on his posts … it was curious to see him as a covid fearmonger. Odd how you can be right 95% of the time and then emotionally manipulated on a fairly obvious topic.
If someone is overwhelmingly right, but “wrong” on one thing, it might be a good idea to question your own thoughts on that one thing…-
In California, individuals earning more than $400,000 could face a state and federal tax rate as high as 62.6% under a Biden presidency, the analysis showed.
[link=https://finance.yahoo.com/news/bidens-tax-plan-could-create-192452142.html]https://finance.yahoo.com…-create-192452142.html[/link]
Layer on a 10% sales tax and it makes you think twice about CA if Biden wins.
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One would hope Biden would fix the inability to deduct state income tax and property tax that Trump imposed on the “blue” states. If not CA and NY are disasters.
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Not mentioned anywhere
But it looks like there will be an attempt to make 401k contributions less deductible for high income earners.In essence , the combined changes since 2017 will impose the equivalent of 10 percent total increase in taxes in those of us in high property , high state income tax locales.
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Quote from Thread Enhancer
One would hope Biden would fix the inability to deduct state income tax and property tax that Trump imposed on the “blue” states. If not CA and NY are disasters.
If CA and NY want a lower tax burden they should cut state income taxes.
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If you pay the top tax rate without taking any deductions you dont deserve to live in CA or NY, unless you think its some sort of civic duty to not pay the lowest taxes as possible. No marginally intelligent person will end up paying the full 62% tax rate.
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Even 50 Cent didn’t approve of Biden’s tax plan. I guess he didn’t want to become 20 Cent [:D][:D][:D]
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Quote from Coffeebrewer
Even 50 Cent didn’t approve of Biden’s tax plan. I guess he didn’t want to become 20 Cent [:D][:D][:D]
LOL! That one is funny, Coffeebrewer ! Neither he gives a #$% about your birthday.
Hm…I think I just dated myself with that one.-
Being able to come home from work from an early shift and ride your mountain bike from your house into a state park is pretty great. Having unlimited opportunities for hiking, biking, camping, or skiing, with the weather to do these things when you want, all within an hour or two drive from your house is pretty valuable.
Homes are expensive, but do you really need a mansion? Plus homes tend to appreciate and mortgage interest is tax deductible.
But overall like everything it depends on the situation. I wouldn’t be enthused to pay CA income taxes and live in the desert with nothing to do. I also wouldn’t be interested in commuting 2 hrs a day.
If you can enjoy the weather, geography, and activities, and tolerate (or perhaps for some, enjoy) the politics, then CA works. Esp. if you can live close to work and good public schools for the kids.
The pitfall I keep seeing is people who try to live an “aspirational” lifestyle, whether its living it big in NYC or LA, or buying a 10,000 sq ft mansion in Mississippi.
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