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  #41  
Old Posted Oct 30, 2020, 8:09 PM
Crawford Crawford is offline
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Taxable income would include capital gains taxes (mostly taxes on investment income), not just taxes on salaried income.

So yeah, I'm not surprised the Bay Area would have higher taxable income than DC, despite similar salaries. Obviously the Bay Area has tons of investment wealth, especially via tech IPOs.
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  #42  
Old Posted Oct 30, 2020, 8:12 PM
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sopas ej sopas ej is offline
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Originally Posted by Crawford View Post
And I wouldn't expect the Bay Area to pay more in federal taxes than LA. Impressive.
Me neither; more wealthy people in the Bay Area, right? And wealthy people generally game the system to pay less in taxes, so I would think that the Bay Area would pay less than LA.
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  #43  
Old Posted Oct 30, 2020, 10:55 PM
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dimondpark dimondpark is offline
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Originally Posted by sopas ej View Post
Me neither; more wealthy people in the Bay Area, right? And wealthy people generally game the system to pay less in taxes, so I would think that the Bay Area would pay less than LA.
Yeah it's a question of the IE's relative lack of high earners coupled with the Bay Area's ridiculous over saturation of them.

Im working on this now...notice how LA county actually paid $8 billion more than what the official liability was. Everywhere overpaid but LA county's amount seemed really high to me.

Total Taxes Paid, 2018
$114.468 Billion San Jose-San Francisco-Oakland CSA
$113.440 Billion Los Angeles-Long Beach CSA

Total Taxes Paid 2018(Per Capita)
$83.42B New York City, NY($9,932 Per Capita)
$54.13B New York, NY($33,249)
$14.18B Kings, NY($5,491)
$8.99B Queens, NY($3,946)
$3.69B Bronx, NY($2,576)
$2.43B Richmond, NY($5,126)

$66.34B San Francisco-Oakland-Berkeley Metro Area($15,389 Per Capita)
$18.30B San Francisco, CA($20,724)
$16.40B San Mateo, CA($21,326)
$14.37B Alameda, CA($8,625)
$11.28B Contra Costa, CA($9,808)
$5.99B Marin, CA($23,127)

$32.18B San Jose-Sunnyvale-Santa Clara Metro Area($16,106 Per Capita)
$31.90B Santa Clara, CA($16,468)
$0.28B San Benito, CA($4,590)

$93.78B Los Angeles-Long Beach-Anaheim, CA Metro Area($7,104 Per Capita)
$69.06B Los Angeles, CA($6,834)
$24.72B Orange, CA($7,761)
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Last edited by dimondpark; Oct 30, 2020 at 11:57 PM.
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  #44  
Old Posted Oct 31, 2020, 5:30 PM
badrunner badrunner is offline
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Originally Posted by Bikemike View Post
Another CSA-pair I always notice is Denver-San Diego. Similar populations, similar per-capita and household earnings, but for some reason Denver scores much higher here.
It doesn't "score" higher, it just pays more in federal taxes, and this reveals the flaw in this methodology. Higher cost of living areas will have lower tax liability due to homeowner friendly tax policy. Things like mortgage interest deduction and property tax deduction can add up. The IE and Phoenix also have similar demographics and income but Phoenix ends up paying more in federal income tax.
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