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In response to "To a point. But I could move somewhere with no income tax but if the cost of living is higher then I lose. -- nm" by Bacon

Quality/satisfaction of the job matters. Quality of living (not just cost wise) in the area matters.

Posted by ty97 Jul 5 '13, 15:40

For example, if your hobby is surfing, Denver might not be the best place to live.

All other things being equally, income tax/COL can be a make/break but all other things are rarely equal.

Responses:

I look at it this way. When your NBA career is over, then you move to where you want. If I could retire at 40 with 200 million dollars?SIGN ME UP - Bacon Jul 5, 15:45 16
- If you could retire at 40 with 180 million dollars and 3 rings rather than playing for a team with a 50% winning percentage.... - ty97 Jul 5, 15:47 9
  - Houston is a better chance to win as well and there is no income tax. Win Win -- nm - Bacon Jul 5, 15:48 8
    - But at every player can play for Houston. (also, have you been to Houston?) -- nm - ty97 Jul 5, 15:49 7
      - I have not been to Houston but I hear it's the armpit of Texas. Which goes to prove my point. Live in a crappy place to make more - Bacon Jul 5, 15:50 6
        
        So live the prime of your life in a place you may despise in order to make 200 million instead of 180 million? - ty97 Jul 5, 15:52 5
        
        houston sounds like it has amazing, diverse food and a great arts scene....nm - x Jul 5, 16:07
        
        I don't think I would despise any city with an NBA franchise. Okay, wait. Indiana Pacers. That place would be brutal. So no way on that place -- nm - Bacon Jul 5, 15:55 3
        
        I am speaking theoretically, of course, of someone weight two options. - ty97 Jul 5, 15:58 2
        
        I will say this. I don't think I could live in NY so there is that. I am not a big city guy. I get claustrophobia -- nm - Bacon Jul 5, 16:02 1
        
        I am not making an argument for any specific place. - ty97 Jul 5, 16:08
- Pick the worst place in the country. Everyone here would live there for 200 million dollars. Well not the dumb people with principles. - Bacon Jul 5, 15:46 5
  - Just remember it's not 200 million vs 0. It's 200 million vs 90-95% of 200 million. - ty97 Jul 5, 15:48 4
    - California has a Millionares tax that really digs into that much harder than what you are saying -- nm - Bacon Jul 5, 15:49 3
      - CA has a graduate system where the income over $1 million is taxed at 10.30% for an effective rate of roughly 10%. - ty97 Jul 5, 15:54 2
        
        Then you also have to compare sales taxes I would guess. He's going to spend a lot. -- nm - Bacon Jul 5, 15:55 1
        
        Sure, and property taxes too. But those are probably a smaller differential. - ty97 Jul 5, 15:59

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Quality/satisfaction of the job matters. Quality of living (not just cost wise) in the area matters.

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