$100,000 After Taxes in New York vs. Texas

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  • čas přidán 24. 09. 2022

Komentáře • 791

  • @danielmoore62
    @danielmoore62 Před rokem +1078

    72k in NY is just above poverty. 77k in Texas is upper middle class.

    • @spookysenpai7642
      @spookysenpai7642 Před rokem +37

      Depends where you live in

    • @peterhenderson5413
      @peterhenderson5413 Před rokem +88

      New York's average HOUSEHOLD income is $71k, $72k for an individual is absolutely fine. Won't go as far as in texas, but that's at the price of texas having worse schools, higher crime rates, worse social safety nets, and worse rights for workers. I'll take new york any day.

    • @danielmoore62
      @danielmoore62 Před rokem +11

      @@peterhenderson5413 I can’t argue with you on that.

    • @edmartinez6946
      @edmartinez6946 Před rokem +46

      77k in Texas nowhere near upper middle class.

    • @cd-1234
      @cd-1234 Před rokem +21

      @@edmartinez6946 yep. Especially if you live in the city. Like Austin is crazy expensive. It’s $2000 for a studio apartment

  • @LexRuger718
    @LexRuger718 Před rokem +259

    You forget NYC residents tax and the MTA tax your utilities.

  • @scooterninja-hotmail
    @scooterninja-hotmail Před rokem +536

    Texas doesn't have a state income tax

    • @gg-gamers
      @gg-gamers Před rokem +71

      They don't have a subway either. So you HAVE to have a car payment.
      Enjoy that minimum 3600 payment, 1200 insurance, 2240 (40/ week gas) = 7,040.

    • @jamesharden3timedpoy466
      @jamesharden3timedpoy466 Před rokem

      @@gg-gamers NYC isn’t all of NY. Also living expenses are cheaper in TX so you might as well add that into your made up expenses…

    • @jonase5680
      @jonase5680 Před rokem +50

      @@gg-gamers yup, texas has the cheapest gas if that's what you're pointing out

    • @phaqq
      @phaqq Před rokem +60

      ​@@gg-gamers wtf are driving that you have a 3600 payment my mortgage on my 5bd room house is only 660a month, full coverage insurance on 3 vehicles is 164 a month n gas is 2.59 a gallon where I live comes out to 28.00 for a full tank n no state income tax sales tax is 8.25 not 6.25

    • @phaqq
      @phaqq Před rokem +43

      ​@@basba_qal somebody ripped you off, I have lived here all my life an NEVER have we had a state income tax

  • @cathoderay305
    @cathoderay305 Před rokem +88

    New York : Federal Income Taxes + State Income Taxes
    Texas : Federal Income Taxes only

    • @christianguzman6510
      @christianguzman6510 Před rokem

      Texas=property taxes higher then nyc

    • @cathoderay305
      @cathoderay305 Před rokem +3

      @@christianguzman6510 True, but what percentage of your pay is taken from your gross earnings to fund local and state government in NY? I suspect it's far more than we pay here in property taxes.

    • @ronaldmacaluso107
      @ronaldmacaluso107 Před rokem +5

      You forgot city tax, commuter tax Yonkers tax .......
      Etc

    • @cathoderay305
      @cathoderay305 Před rokem +2

      @@ronaldmacaluso107 I did, in the interest of time, neglect the other taxes that burden New Yorkers in order to just highlight an obvious difference.

    • @ManagerMatt1
      @ManagerMatt1 Před 6 měsíci

      and that million dollar home in Texas will be an extra 2k+ a month for property tax and insurance.

  • @spookysenpai7642
    @spookysenpai7642 Před rokem +40

    I prefer NY bc cold weather, public transportation, and there's some affordable housing in the outskirts of New York City. That's only if you make 6 figures to live a good life there

    • @tomaszwida
      @tomaszwida Před rokem +9

      correct. people don't understand that there is plenty of houses outside of NYC. and a large selection of houses without cancerous HOA. unlike texas almost every community has an HOA,

    • @christianguzman6510
      @christianguzman6510 Před rokem +3

      I moved to dallas i waste 300 dollars a month in gas now im moving back to nyc

  • @brianriera8483
    @brianriera8483 Před rokem +195

    Our sales tax is 8.25 in tx

    • @brianriera8483
      @brianriera8483 Před rokem +8

      @@copytan2395 you are correct but everywhere you go also charges 2% from local taxing districts like cities and counties, we don't pay taxes on food items purchased from a grocery store. You still made your point, new York is more expensive. Additionally where most people live in this state the property tax rate is closer to 2.5% on average. There are many other advantages to living here besides taxes. I like your comparisons though thank you for sharing

    • @TdrSld
      @TdrSld Před rokem +9

      @@copytan2395 Yes he is Texas has a max 8.25% sales tax. 6.25% is to the state and the remaining 2% can be add for county and city sales tax. And everyone just rings up the 8.25%.

    • @copytan2395
      @copytan2395 Před rokem +2

      @Go tigers Seems like I’m hurting y’all’s feeling. I live in Cowtown. The BASE sales tax is 6.25% period. NOT including jurisdiction that can raise it by 2%.
      And just like this video, you don’t need to live in the state to understand tax regulations. Good grief.

    • @zayin123
      @zayin123 Před rokem

      @@brianriera8483 Not all counties add the allowed 2% to the sales tax. The county I live in does not.

    • @zayin123
      @zayin123 Před rokem

      @@TdrSld Not everyone. You can check which counties do and don't.

  • @user-kd7kr1zu8x
    @user-kd7kr1zu8x Před rokem +70

    If you were in NYC there is county income tax and city income tax which comes down to another 8-9%

    • @howmuch4821
      @howmuch4821 Před rokem +6

      He is comparing states not NYC

    • @pepsiccolausa8857
      @pepsiccolausa8857 Před 8 měsíci +3

      Then why is there a picture of nyc in the background?

    • @josephlore8636
      @josephlore8636 Před 6 měsíci

      NYC income tax is an extra 3.5%, and sales tax is an extra 7/8%. Long Island and Westchester have no extra income tax, but they have higher property taxes compared to the rest of the state. On the flip side, wages are much higher in NY compared to Texas, especially downstate New York.

  • @kat-oe7gb
    @kat-oe7gb Před rokem +29

    NY baby but you should really compare cities like Dallas to Whiteplains, NY. You can only compare Manhattan or Brooklyn to San Francisco, Paris, Toronto, London, and etc. Upstate NY property taxes is dirt cheap compared to downstate NY.

    • @HistoryandReviews
      @HistoryandReviews Před rokem +4

      🤡

    • @phaqq
      @phaqq Před rokem +5

      Seriously how do you compare a town with a 60k population to a city with 1.5 million

    • @HablenconLaury
      @HablenconLaury Před rokem +2

      Property taxes in nyc is way cheaper than any other suburban and cities in NYS

  • @beyondthematrix3945
    @beyondthematrix3945 Před rokem +84

    I’m from NYC, and 100k will keep you in the hood, while 100k in Houston or Dallas would let you live comfortably in a nice neighborhood.

    • @christianguzman6510
      @christianguzman6510 Před rokem +8

      Yea but dallas is racist....im from nyc i would live in houston...just remember bro texas is extremly boring and becarefull with the car accidents they have the highest rate in usa

    • @beyondthematrix3945
      @beyondthematrix3945 Před rokem +4

      @@christianguzman6510 thanks for the 411 but I’ve been living in NC for over 30 years now. I have 1 1/2 years left of mortgage payments on my house so I’m good. I left NYC in 1989 but still visit 2 times yearly to see my family in Washington Heights and the BX. My oldest daughter lives in Houston and I love visiting there. I’ve been to Dallas once and didn’t get any negative vibes, but then again that was just one visit. Have a blessed holidays. Peace out!

    • @christianguzman6510
      @christianguzman6510 Před rokem +1

      ​@@beyondthematrix3945 .i have family in nc i love it..bro texas is just racist and boring im moving back to nyc..

    • @christianguzman6510
      @christianguzman6510 Před rokem +3

      ​@@beyondthematrix3945 ..bro dallas is racist af...very conservative...my son lives in houston i guess the southern part of texas is better...but deff dallas should be given back to the native americans

    • @edmartinez6946
      @edmartinez6946 Před rokem +3

      @@christianguzman6510 Bye Felicia. Stop wasting time posting and leave.

  • @austin2640
    @austin2640 Před rokem +12

    To everyone telling him texas doesn't have a state tax, I think he's accounting for federal and state income state for NY and just federal in TX.

    • @aidenryland8081
      @aidenryland8081 Před rokem +3

      People aren't understanding that state income tax isn't that much unless you're rich

    • @tomaszwida
      @tomaszwida Před rokem +1

      correct people are stupid, and don't see that is a difference of couple grand in a income tax.

    • @donaldcharlton2569
      @donaldcharlton2569 Před rokem

      That's why you have no lights and the people starve in an emergency and worse of all look at your governor and is graff 🤬👿🪦!!!

  • @m1kcan1
    @m1kcan1 Před rokem +55

    You forget to mention that homes are very affordable in Texas

    • @tomaszwida
      @tomaszwida Před rokem +18

      all of them have HOA .... maybe its just me but i rather live in a forest then in a HOA community.

    • @zayin123
      @zayin123 Před rokem +1

      @@tomaszwida No they don't.

    • @christianguzman6510
      @christianguzman6510 Před rokem +8

      Cheaper is not always better

    • @C0astinG4mer
      @C0astinG4mer Před rokem +1

      @@christianguzman6510ok but look at New York apartment prices. Do you see our point?

    • @yamahasuperbike2202
      @yamahasuperbike2202 Před rokem +1

      The hell they are.

  • @amorenlaplaya2759
    @amorenlaplaya2759 Před rokem +15

    In texas you need a car = $600 car + insurance $200 = $800 monthly + gas $150 = TOTAL : $11400 year ,(don't count repairs). Subway in NYC is $2.75 per ride or unlimmitted ride for $33 weekly, that's it. we could go on...

    • @uzin0s256
      @uzin0s256 Před rokem

      omg exactly

    • @JeremyBaret24
      @JeremyBaret24 Před 7 měsíci

      Facts son

    • @vkaa3k190
      @vkaa3k190 Před 6 měsíci +8

      riding a subway full of screaming monkeys vs riding a car with my fam or alone with my music. Very hard choice indeed.

    • @gustavofring5674
      @gustavofring5674 Před 4 měsíci

      @@vkaa3k190it’s cheaper and better to take the subway also parking in nyc is a nightmare

    • @neilmenon8943
      @neilmenon8943 Před 3 měsíci +3

      Wow you guys don't have cars. That is crazy poor.

  • @jakeesayian2687
    @jakeesayian2687 Před rokem +15

    Great info, but including cost of things like housing the gap grows large

  • @drakeil
    @drakeil Před rokem +4

    NYC (native) because I hate living around MAGATs that tote 50 caliber rifles all day (direct experience of a cousin who went to school down there). Also: fewer hurricanes, oil spills and tornadoes up in NYC (for now) and like one other comment: reliable power grid.

  • @keepongoing4541
    @keepongoing4541 Před rokem +6

    There is a difference b/n NY as state and NYC as city. You can live comfortably in NY other cities with 100K. Upstate NY, 100k a whole lot. 40 minutes away from NYC. You don’t have to live in nyc if u can’t afford it.

    • @dyeefoon
      @dyeefoon Před rokem

      Thats correct and we dont have to listen to gov Abbott or have school cops who let maniacs shoot up a bunch of 10 yr old kids and lie about what they did.

    • @CookWithStephh
      @CookWithStephh Před 10 měsíci

      I been looking at upstate New York and I love the homes there. But everyone keeps telling me there’s nothin to do there but I’ll have to visit myself to see. I’m trying to see the best places to live with a 5 year old. I don’t really care for living in the city I’m looking for the more affordable places, Boston seems nice and a little less expensive as well but upstate nyc is really cheap surprisingly

  • @spudwickthrockmorton2112
    @spudwickthrockmorton2112 Před 3 měsíci +1

    Choosing between New York and Texas is like choosing between getting shot in the left kidney or getting shot in the right kidney

  • @Danielg86
    @Danielg86 Před rokem +7

    Live in NY the property taxes will account for waaaaaayyy more than 6k

    • @Kyle-ms2et
      @Kyle-ms2et Před 9 měsíci

      Yeah and the average property taxes are just averages. Texas can get way higher than that. And if you have an expensive home in Texas, the additional property taxes DO add up.

  • @KAMMD
    @KAMMD Před rokem +6

    NOT worth the move out of NY

  • @frankb1
    @frankb1 Před 5 měsíci +2

    The TX sales tax is 8.25% when you include the local taxes, which are collected everywhere in the state except some rural areas.

  • @serzambrano6151
    @serzambrano6151 Před rokem +6

    Companies know cost living taxes and all those tricks so they will lower wages to match cost of living.

    • @tribequest9
      @tribequest9 Před rokem +3

      true, a hospital in NY or Cali will pay a nurse almost double what they would make in Kansas or Oklahoma. And it's the same chain hospital.

  • @davidfrost5123
    @davidfrost5123 Před rokem +5

    You forgot to add in the State and City Income Tax if in New York City. The real estate taxes in Texas are higher than you quoted....about 2.5 %...?not 1.8%.

  • @RecklessFables
    @RecklessFables Před rokem +11

    New York City isn't the whole state. People aren't getting that when discussing costs of living, services, etc.

    • @vrotties
      @vrotties Před rokem +2

      Thank you for saying that!!!

    • @christianguzman6510
      @christianguzman6510 Před rokem +4

      Texas the light bill and the gas is alot of money,and dealing with racism and desling with texans that are weirdos

  • @michael88366
    @michael88366 Před rokem +14

    Texas is hot, humid, flat and ugly. If you picked up the city of Houston and dropped it in Oklahoma you wouldn't know the difference.

    • @LilPW
      @LilPW Před rokem

      Yeah but the alternative is New York lol. Let's all cram into dirty sky boxes like little rats and fight rampant homelessness on the daily. New York is dirty as hell.

    • @jamesharden3timedpoy466
      @jamesharden3timedpoy466 Před rokem +1

      I mean Houston is in a bayou and Oklahoma is a dust bowl so you must be great at geography.

    • @maecarpenter6735
      @maecarpenter6735 Před rokem

      ​@jamesharden3timedpoy466 Both are the same to me.

    • @katyc.1402
      @katyc.1402 Před rokem

      ​@@jamesharden3timedpoy466 As they say in the NE, its all "flatlanders". Wouldn't really know the difference unless it rains (floods). I say this as someone who was born in Houston and lived in Texas for 30 years.

  • @bmichel2002
    @bmichel2002 Před rokem +6

    What if we include car insurance or public transportation costs?

  • @strengthanhonor9589
    @strengthanhonor9589 Před rokem +2

    Not sure what the sudden urge is for everyone to compare a state to Texas. Every state has its perks but comparing income doesn’t make sense. It’s like rent in San Francisco would completely ruin my income but here in Pennsylvania it’s fairly decent.and I can afford a higher standard of living.

  • @jgorge2702
    @jgorge2702 Před rokem +8

    don't care... Ill take New York any day!!!!!

  • @milotheviewer
    @milotheviewer Před rokem +12

    This is slightly misleading, since if you live in the city or southern upstate NY, you almost definitely go to NJ to shop (which has a sales tax of 6.625% and tax exemption of all clothing items)

    • @tomaszwida
      @tomaszwida Před rokem +1

      yes but u cant account for a that when u are doing whole state. also I see a lot of people think there is nothing outside of NYC...

    • @milotheviewer
      @milotheviewer Před rokem +1

      @@tomaszwida the population of NYC is 8.468 million. Add the three upstate counties that border New Jersey and you have 10,209,647 people. That's over half of the population of New York State alone. My point is, these statistics are in a vacuum, and it’s not as cut and dry as the video makes it seem.

  • @seccat
    @seccat Před rokem +20

    NY can keep the lights on 💡🥶. We also won’t die if the A/C goes out for a week.

  • @nommo75216
    @nommo75216 Před rokem +19

    Thank you my other Texans for explaining to this man that we do not have state income tax and our sales taxes 8.25%, but to all you other people that want to come to Texas don't we're running out of resources right now

    • @maecarpenter6735
      @maecarpenter6735 Před rokem +1

      Not to mention you guys are not tied in to the national energy grid.

    • @johnbrattan9341
      @johnbrattan9341 Před rokem +1

      mommo75216. Don't worry. Don't know anybody who'd willfully move to Texas.

    • @katyc.1402
      @katyc.1402 Před rokem

      I left almost 5 years ago, best choice I ever got to make.

    • @datnohi8612
      @datnohi8612 Před rokem +1

      Don't forget California as well as various other states like Oklahoma

    • @Kyle-ms2et
      @Kyle-ms2et Před 9 měsíci +2

      I can elaborate on this person's message and say that Texas is getting more expensive in both an absolute and relative sense to other places.

  • @JuaniPodrido
    @JuaniPodrido Před rokem +13

    I want to have my lights on in case of a Storm, so therefore NYC baby.

    • @Buuboi214
      @Buuboi214 Před rokem

      🤡

    • @phaqq
      @phaqq Před rokem

      I had electricity during the ice storm here in Texas

    • @tomaszwida
      @tomaszwida Před rokem +2

      @@phaqq u individually do not count, as the state as a whole has massive problems with the grid...

    • @phaqq
      @phaqq Před rokem

      @@tomaszwida ok let me start over my entire area with more than 1.3 million people had electricity. As well as many other areas in the state.

    • @christianguzman6510
      @christianguzman6510 Před rokem

      ​@@phaqq ..texans are racist

  • @Automedon2
    @Automedon2 Před rokem +1

    These comparisons never take into account the deductions you can claim at the end of the year. There's also things like hospitality taxes, hunting and fishing licenses, annual excise taxes on vehicles, annual vehicle inspections and registration fees and a host of small things like speeding fines, tolls, fuel taxes, tobacco and alcohol taxes. I'd like to see an accurate table with all taxes and fees.

  • @woodrow1037
    @woodrow1037 Před rokem +3

    If you are living in NY please don't move to Texas. It gets unbelievably exhausting hearing how much better NY is.

  • @sauronthegreat5799
    @sauronthegreat5799 Před rokem +2

    Texas doesn't have state taxes but it makes up for it by increasing property tax and sales tax and tolls on every road. It's the same story in Florida. property tax thru the roof. high insurance premiums.

  • @Nonsense62365
    @Nonsense62365 Před rokem +2

    72K is $6000 per month. The average apartment in NYC is $3000-$4000 for a small old crappy ugly apartment! Doesn’t include a parking spot! Parking spot is around $500. Per month.
    In San Antonio or Houston you can buy a home with a mortgage of around $3000 per month including property, taxes, and hazard insurance. With a 20 year mortgage you’ll own your home! Also it should increase in value around 100% minimum that’s 5% per year!
    Renting an apartment in NYC air the Bronx! Your rent will increase 5-10% per year minimum! Over 10’years your rent will double and your net income may not!
    The choice is simple! Work from home and buy a house in upstate NY!

    • @nesq4104
      @nesq4104 Před 5 měsíci +1

      Work from home, why the fuck would I live somewhere cold. Lol

  • @Cbcw76
    @Cbcw76 Před rokem +11

    Texas has 8.25% sales tax.

    • @Kyle-ms2et
      @Kyle-ms2et Před 9 měsíci

      Yes, and as others have stated. You're not going to only be paying the state minimum rate anywhere in the state as far as I'm concerned. 8.25 percent is pretty typical.

  • @rt_huxley9205
    @rt_huxley9205 Před rokem +1

    Are you comparing New York City or the State of New York?

  • @RetiredJW
    @RetiredJW Před rokem +4

    NEW York grid ever fail?

  • @diecasttorontohunting
    @diecasttorontohunting Před rokem +2

    If you consider the cost of living in each state, the decision is even easier.

  • @TheHyena-ru8bz
    @TheHyena-ru8bz Před rokem +2

    This situation is exactly what our forefathers fought against great Britain for and now here we are paying taxes on everything and the government isn't using that money for the people

    • @MustbeTheBassest
      @MustbeTheBassest Před rokem

      The "founding fathers" didn't fight against taxes you dum bass.

  • @norrispg4212
    @norrispg4212 Před rokem +1

    So PLEASE GOD, don’t come to Texas

  • @pepsiccolausa8857
    @pepsiccolausa8857 Před 8 měsíci +1

    You forgot the nyc tax which is close to 4%. So in actuality you would only take home about $68,000 in New York

  • @michaelsomething7674
    @michaelsomething7674 Před rokem +3

    The video didn't talk about th weather, the things to do, see and facilities

  • @jwyz4906
    @jwyz4906 Před rokem +37

    In net York you would probably make more money, since the gdp per capita is higher, so ima say new york

    • @joey7253
      @joey7253 Před rokem +10

      Doubt it.

    • @paowoww
      @paowoww Před rokem

      Yeah, but the houses are so expensive that almost all the money that NY has on TX will be evaporated by having to pay back the massive loan taken out to buy the house

    • @TruckerReviewed
      @TruckerReviewed Před rokem +16

      Housing costs are also much higher in NY, you should know this

    • @mjscorn7943
      @mjscorn7943 Před rokem +1

      Just don't say ima

    • @ssglbc1875
      @ssglbc1875 Před rokem +3

      @@joey7253 New York has one of the highest gdp per capita in the us

  • @basba_qal
    @basba_qal Před rokem +2

    Still Tx, and preferably in Austin.
    I would rather sweat than freeze.
    or, maybe both, NY during summer and Austin during winter.

    • @cb9996
      @cb9996 Před rokem

      Austin is garbage unless you're a lefty then you'll fit right in

    • @basba_qal
      @basba_qal Před rokem

      @@cb9996 Well, I guess you must live in a dump to know one. The cold keeps your garbage odorless. LOL
      You must be a religitard with predefined senses.
      Austin is the capital of art, music and free thinkers, and lots of good eats.

    • @jamesharden3timedpoy466
      @jamesharden3timedpoy466 Před rokem

      Austin sucks

  • @yob_woc
    @yob_woc Před dnem

    As someone from Texas a few things I'd like to point out:
    1. You have to own a car in Texas, you don't in new york.
    2. The Texas equivalent of a 100k NY job is not paying 100k, more like 60-80k.
    3. These days, outside of rural Texas, 100k is not high income, its not even upper middle class, its more like lower middle class, like barely able to buy a home level, unless you really save or move way far out of the city center and want to spend 1+ hours commuting every day to get to the office.
    Comparing 100k in Texas to 100k in NY is a total apples and oranges comparison.

  • @ameurhamdane
    @ameurhamdane Před rokem +1

    Sale tax in TX is between 6.25 and 8.25 percent with most locations charging 8.25 percent so please double check your info

  • @blackpowderpapa
    @blackpowderpapa Před rokem +1

    I'd rather live in Texas even if I made $100,000 more living in New York

  • @rogerroger3383
    @rogerroger3383 Před rokem +4

    The more I see your videos the more I wonder if you're some high school kid just making up numbers. This video makes absolutely no sense. Property tax has nothing to do with income tax.

  • @gamerjunction5335
    @gamerjunction5335 Před rokem +2

    My property tax in Texas is 7.5% of my gross income. He is ignoring the School Taxes that are a huge take

  • @seanconnery5683
    @seanconnery5683 Před 7 měsíci +1

    Texas is cheaper than this. You need to also take into account cost of living by factoring difference in consumer price index.

  • @christianguzman6510
    @christianguzman6510 Před rokem +4

    Well texas is really boring

    • @AnguishedMan
      @AnguishedMan Před rokem

      Downtown Dallas and downtown Austin are boring to u

    • @christianguzman6510
      @christianguzman6510 Před rokem +1

      ​@@AnguishedMan ..i can tell u never been no where.. i live in dallas now yes dallas and austin are boring..the vibe in ny or even miami is super fun everyone wants to have fun...i dont hear tourist going to dallas or austin ...alot of realtors talking about texas but once people come here and see how antisocial people are they gonna leave ....texas is not a welcoming state

  • @Lpm920
    @Lpm920 Před rokem +18

    New York. Too dam hot in Texas

    • @waspwrap1235
      @waspwrap1235 Před rokem +8

      Also TX has crappy state leaders

    • @AnguishedMan
      @AnguishedMan Před rokem

      @@waspwrap1235 nah that would be commiefornia

    • @Alex_Tango
      @Alex_Tango Před rokem

      Enjoy your crackheads and shoe boxes

    • @JessmanChicken86
      @JessmanChicken86 Před rokem +1

      Not related to the topic at hand, but sure.

    • @waspwrap1235
      @waspwrap1235 Před rokem +2

      @@JessmanChicken86 taxes don’t always matter as the first issue to people. Sometimes it’s about other aspects of the economy, sometimes it’s about mental health, for some it’s about heat. Sometimes for people, it’s about living in a society where some paraplegic, heartless, degenerate of a governor doesn’t tell you when you have to give a kid in our world. You can’t take gov. commerce as the whole picture

  • @jjalltheway3766
    @jjalltheway3766 Před rokem +1

    Do your own research people and don't rely on misinformation on YT.
    Texas numbers in this Short do not represent the entire state. Sales tax is 6.25 but in many places it is 8.25 percent. Same with property taxes. This depends on the area of Texas where someone lives. It can be closer to 3%.

  • @jbailey1328
    @jbailey1328 Před rokem +2

    Can you do NY vs Georgia?

  • @blissbignall7834
    @blissbignall7834 Před rokem +16

    Texas does NOT have income tax!

    • @christianguzman6510
      @christianguzman6510 Před rokem +3

      But has property tax higher then new york

    • @realityblooms
      @realityblooms Před rokem +2

      How are people forgetting about federal income tax?

    • @uneyedentified2017
      @uneyedentified2017 Před rokem

      ​@@christianguzman6510 yea but people can actually afford to live an buy a home in texas. Not live in a shitty project like a cockroach paying 2500 for a shoe box

  • @vrotties
    @vrotties Před rokem +14

    NYC all day everyday.

    • @HistoryandReviews
      @HistoryandReviews Před rokem +6

      🤡

    • @joey7253
      @joey7253 Před rokem +1

      Lol… ok . No one wants to live in NYC, unless you make 1million a year or more.

    • @vrotties
      @vrotties Před rokem

      @@HistoryandReviews Projecting much. Someone asked a question and I answered it, but for some reason YOU needed to respond to my response. Continue whatever life you have....mine is mine and its good....in NYC....lol. And NY state is part of the national electric grid. Not like Texas..😮

    • @vrotties
      @vrotties Před rokem

      @@joey7253 Did you ask all 8million plus people here? 🤔

    • @peterhenderson5413
      @peterhenderson5413 Před rokem

      ​@@joey7253 New york is full of poor and middle class people. 37% of the population is immigrants. Clearly people want to live there.

  • @divatamer194
    @divatamer194 Před 4 měsíci

    I'd rather live in a state where I'm not under the threat of jail for someone taking ANY of my money.

  • @itsacorporatething
    @itsacorporatething Před rokem +1

    What the difference in income between the two though? A job that pays $100,000 in Texas probably pays $150,000 in New York.

  • @ElonTrades
    @ElonTrades Před 3 měsíci

    If you’re going to move states for taxes, you might as well move countries because the difference is negligible.

  • @fkhan1234567
    @fkhan1234567 Před 6 měsíci

    That couple thousands do make a big difference in terms of more money in your money.

  • @sharonbyrd8625
    @sharonbyrd8625 Před rokem +2

    NY
    Hated Texas
    But luv Florida!

  • @del-see-oh
    @del-see-oh Před rokem +1

    It's a lot easier to make 100k in NYC than in Dallas. You don't need a car note here either.

  • @automotivegarcia1
    @automotivegarcia1 Před 6 měsíci

    That 5.3K makes all the difference..

  • @AL.BUNDY.
    @AL.BUNDY. Před 3 měsíci +1

    ChannelClownCreator forgot about state tax in NY.

  • @Sean304005
    @Sean304005 Před měsícem

    That’s misleading. NY Sales’s Tax is 4 percent- their state default rate is 7 percent. Texas’s sales tax is 6.25 percent, however, 97 percent of locations have a local sales tax bringing the total to 8.20 percent.

  • @sublimegreen
    @sublimegreen Před rokem +3

    NY of coarse!

  • @yp8421
    @yp8421 Před rokem +2

    You can live for 100k like a king in Nebraska in the middle of nowhere. Cheaper than in Texas and Florida and NYC both

    • @mikeymaster2494
      @mikeymaster2494 Před rokem +5

      Nothing to do..

    • @phaqq
      @phaqq Před rokem +1

      Same in Texas, only expensive places are the metro areas n suburbs of those areas. Everything else is very affordable.

    • @debbiehennessy8144
      @debbiehennessy8144 Před rokem +1

      Texas, Florida, NY =both?? lol jk

  • @MrMusic55123
    @MrMusic55123 Před rokem +1

    Wrong, you need to deduct social security and Medicare from the gross income as well in both states

  • @richmesa1970
    @richmesa1970 Před rokem +9

    NEW YORK every time!

  • @joelspringman523
    @joelspringman523 Před 7 měsíci

    I'd absolutely hate living in either place.

  • @TheTugboatgirl
    @TheTugboatgirl Před 3 měsíci

    NY has a sales tax of 8.75% not 8%

  • @JN-qg1eo
    @JN-qg1eo Před 6 měsíci

    In nyc theirs a higher chance that your average person already makes 100k but in Texas 100k is way above the average

  • @samuelopdycke2596
    @samuelopdycke2596 Před rokem +1

    Hey you forgot most counties in texas add 2% to sales tax brining it usually to 8.25%

    • @phaqq
      @phaqq Před rokem

      Entire state is 8.25

  • @emmanuelvelazquez3197
    @emmanuelvelazquez3197 Před rokem +1

    I love these shorts but ,It glossed over the 3.44% 3,441 in NYC . So if you live in the metropolitan area then: net income is $68,559.00 vs 78,000
    I work in NYC and have grossed 100k in the past. There are also a few minor taxes left out that may decrease your income another few hundred. Probably have to gross about 113k to equal 110k in TX.
    Leaving NYC , after 20 plus years of w2 servitude ( I could think of more appropriate adjectives to describe W2 work in NYC but it would be unfairly triggering. NYC is at the forefront of # Simon Linguet described all the way back in the 18th century)
    1 mil plus for a 450 sqft apt . San-Fran really has nothing on NYC proper ( Manhattan, Brooklyn, and Queens) as far as in-affordability .

  • @mikhailvoss4285
    @mikhailvoss4285 Před měsícem

    Most of Texas had county property tax which basicly doubles it.

  • @very_awake
    @very_awake Před 4 měsíci

    If you live in NYC, you’d also pay NY City Tax

  • @Nextlevup
    @Nextlevup Před rokem +1

    Same. 5000 does little different

  • @milaabaigar536
    @milaabaigar536 Před 2 měsíci

    Sales tax here is 21% 🤬

  • @99Ctube
    @99Ctube Před rokem

    How does the pension work? Is that fully included within the income tax or do you pay a certain % of your income into your pension fund? Sry I'm not American.

  • @ardriacrawford
    @ardriacrawford Před rokem +4

    New York because Texas doesn't have solid infrastructure and a lot of the cities are run down

  • @blooblefwarden4432
    @blooblefwarden4432 Před 9 měsíci

    Except the Appraisal office lists your property for 50% more then it was last year and you have to pay 10k-30k in property tax on a regular sized 4 bedroom home. I live in collin county and I dont know anyone paying less than 10k for property tax

  • @a_beeble
    @a_beeble Před 7 měsíci

    Tax rate should be 5% at the most

  • @rafaelrazzo8614
    @rafaelrazzo8614 Před rokem +1

    I’d rather live in NY

  • @mkornacki
    @mkornacki Před měsícem

    Sales tax in NYC is 8.875%

  • @pauldeck4500
    @pauldeck4500 Před 6 měsíci

    Nobody chooses where they want to live based on this analysis. They choose based on where they can get a job, where they have family, what kind of culture they want to live in.

  • @Nativefall
    @Nativefall Před 3 měsíci

    STOP!!!! Texas doesn’t have state taxes

  • @richardsantiago429
    @richardsantiago429 Před 2 měsíci

    you forgot local tax . nyc high taxes

  • @wintonhudelson2252
    @wintonhudelson2252 Před rokem +1

    It would be better to live in Texas, even if the costs were higher. NYC is a miserable place to be stuck in.

  • @pjlaveus3964
    @pjlaveus3964 Před dnem

    5 thousand dollars more go a long way

  • @REGroup7
    @REGroup7 Před 5 měsíci +1

    I should upload my check you’re missing a lot more deductions bro

    • @RK-bx1by
      @RK-bx1by Před 5 měsíci

      Agree. The standard deduction pretty much everyone can claim

  • @shiffterCL
    @shiffterCL Před 6 měsíci

    Its good to see what a baseline salary looks like in each state but its a bit deceptive. Sure, texas is cheaper but you also make less money on average then NY or California for example. I worked at a company that hired in both Texas and California and the same job had a 10% salary difference.

  • @modernrustics5069
    @modernrustics5069 Před 6 měsíci

    Why all this taxation? Have you seen a government pick up truck in either state that’s more than three years old? The spending is out of control everywhere. We revolted against England for far less taxation

  • @adamlong54
    @adamlong54 Před rokem +8

    Texas has a Democrat refugee tax we take it all for BBQ beer and guns.

  • @richardmartinez9900
    @richardmartinez9900 Před 6 měsíci

    They’ll come and request more money at the end of the year if you make that in TX filing single.

  • @MarbleStatueMillett
    @MarbleStatueMillett Před 3 měsíci

    It’s 5K difference and you NYC you know what’s up

  • @rmac3x
    @rmac3x Před 5 měsíci

    Now talk about the heating costs in texas

  • @DarkData100k
    @DarkData100k Před 5 měsíci

    Avg property tax in the major metro areas and suburbs is more like 2.1-2.5% in TX.

  • @user-ze4bv1hm3e
    @user-ze4bv1hm3e Před 7 dny

    NYC tax is 40% I thought

  • @leslieclark9285
    @leslieclark9285 Před rokem +5

    Texas has a TRUMPSTER for a governor.

  • @freshpack8928
    @freshpack8928 Před měsícem

    Absolutely NY. The weather sucks in Texas upstate NY is beautiful and not expensive.