No state income tax is a HUGE draw when you are making millions. It allows your millions to go even further.
Far worse things to be surrounded by than Texans.
Jamie Dixon
- Thread starter Crimedog2
- Start date
Far worse things to be surrounded by than Texans.
Not as much as you might think. If Dixon really loves Texas, then by all means he should go to Texas. I'm good with that. I have dear friends who are Texans and have had some lovely times in Texas. But at the end of the day, I do not like Texas and do not like the "Don't mess with Texas" vibe that is sent off. Texans feel the same way about NY Metro area. Not snobbish, just preference. I'm from small town Ohio and really like small town Ohio.
If he wants to live in Texas, then he should absolutely live in Texas. Texans love Texas and more power to them.
But the "no state income tax is a HUGE draw" only applies if you are an idiot. Word is that Dixon makes $3.4 million now and that he is in for a big increase in Texas. Let's say he will make $4 million, which I think is probably conservative. If he were making that in Jersey, and had zero deductions (which would't be the case), he would pay $340,000 in state income tax compared to nothing in Texas. Now, let's say he pays net 25% federal tax on his income, which would be about typical. So if we add those together (and I realize the accountants have their heads spinning, but just trying to keep this simplified), he would keep roughly $3 million in Texas, and $2.7 million in Jersey. In terms of any practical reality with regard to quality of life, he would not know the difference.
Now, compare this to say, the temperature in Fort Worth. The average daily high temp in Fort Worth is over 90 for the three summer months (89 in September), and is 97 in August. The average humidity never drops below 80% and gets as high (on average!) as 89% in June. Those are things that affect you every time you go outside. Texas is 50th of the 50 states in terms of attainment of an HS degree, 30th in terms of a college degree, and 33rd in terms of an advanced degree. Jersey is 27th, 5th, and 7th on those metrics.
To me, those are real differences in quality of life. Dixon has been making a huge salary for a lot of years. What does $350,000 a year matter to a guy who is making $2.7 million a year and probably has $20 million in the bank? Pocket change.
On other fronts, are you an old HS coach or AAU coach? You always have something interesting to say about what's going on!
All the wealthy people I know like keeping more of their money. Another 350,000 per year is $1,750,000 over five years.
Not pocket change at all. Perhaps he wants to start a private school (like Billy Donovan did in Gainesville) or do something with special needs children or something. Who is to say really.
But more and more I'm even seeing pro athletes pick teams in Florida and Texas in part because there is no state income tax.
I'm not an old HS coach or AAU coach. I help cover basketball recruiting for Rivals.com. I bounce around to different team sites and started posting here because I covered Corey Sanders and Jonathan Laurent for three years and someone thought I could provide insight on them. I also get a fair amount of info on coaches leaving jobs this time of year.
Not pocket change at all. Perhaps he wants to start a private school (like Billy Donovan did in Gainesville) or do something with special needs children or something. Who is to say really.
But more and more I'm even seeing pro athletes pick teams in Florida and Texas in part because there is no state income tax.
I'm not an old HS coach or AAU coach. I help cover basketball recruiting for Rivals.com. I bounce around to different team sites and started posting here because I covered Corey Sanders and Jonathan Laurent for three years and someone thought I could provide insight on them. I also get a fair amount of info on coaches leaving jobs this time of year.
Glad you post here, appreciate the info you share.
But don't expect me to agree with you. I think I'm always right , even when I know I'm wrong
[roll]
