Quote:
Originally Posted by mrkajz44
The article is misleading in my opinion. Basically, some jurisdictions have have high tax rates (Quebec, California) while others have lower tax rates (Texas, Tennessee). The article seems to gloss over the fact that California is the worst - they always seem to want to slam Canada, when California and New York are worse off than Montreal.
And there is only so much tax planning you can do to lower your taxes. After that, its just evasion or fraud. Both of which anyone would want to avoid at all costs.
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Also need to consider other taxes. Texas doesn't have state income tax, but they have high property tax rates (and relatively high sales tax rates for the US). It is still cheaper than other states though.. similar deal to Alberta - Oil money.
http://www.nytimes.com/2013/05/24/us...pagewanted=all