BLUE STATE TAXES ARE KILLING YOU DUMB A$$ #shorts

@leonardticsay8046 says:

Cry more. It wouldn’t be your problem if the states were given more autonomy and responsibility. You can keep all those taxes to yourself. All the blue states are experiencing a net loss of citizens. If that trend doesn’t change, there won’t be any taxpayers left. You could keep your money if you would just vote for a smaller federal government, but just keep voting blue because that’s what the cultural elites do.

@joeschneider3894 says:

He mentioned four states by name. Learn what “singling out” means. Yes. Illinois is a 4.95% flat state income tax. But despite the media’s attempt to muddy the waters by confusing people, there ARE more types of taxation than just income. When factoring in all state taxes (property, sales, etc) the average Illinois family pays more taxes to the state every year than the average family in any other state. The numbers have been collected and crunched. You can look it up. Factoring in these other states imposed taxes, the AVERAGE Illinois family (not the top 1%) is paying an effective rate of 15% of their money to the state.

The median household income in Illinois is about $72,000 a year. So they’re giving almost $11k a year to the state. Do you understand how wealthy a family could become investing $11,000 a year into the stock market throughout their working lives? Investing that over 40 years, that $11k a year would grow to almost $5.5 million. And that’s the median income. Which means THE MAJORITY of Illinois citizens could pull that off without changing ANY spending habits… simply by investing what the state is already taking from them. Not a single extra penny extra.

Financial experts say that if you can live on 4% of your investment portfolio, you’ll never run out of money and your original investment will still be in tact when you die. 4% of $5.5m is $220k per year. So if you retire at 65 and pay yourself $220k every year for 20 years and die at 85… you will have taken out almost $4.5 million… and the original $5.5 million will remain in tact to leave to your children or donate to charities of your choice. Added up, that means you had access to $10 million after retiring… built ONLY using the money the state took in different types of taxes from THE MEDIAN family. In other words, THE MAJORITY of families in Illinoian could pull off exactly this scenario without changing ANY spending habits… and THE VAST majority could pull off something close to it.

Do believe Illinois is providing $10 million worth of service and value through their government programs per citizen? Do you understand how quickly we could wipe out the majority of poverty in this country? Credit card debt? Student loan debt? One to two generations. Poof. The majority of Americans could be multi millionaires and the amount of charity and donations to help those that were still struggling would skyrocket.

@lilysanchez2090 says:

West Palm Beach, Jupiter, St. Petersburg, Carol Gables…there’s a ton of great places in Florida. lol but you’re comparing humidity to tens of thousands being taken from you