“Judging by all of the CA license plates in town the last few months, they are all moving to my city. Along with a few thousand of their friends and relatives.”
No, they’re moving to Northern Colorado and becoming born again mountain men in skinny jeans and nose rings.
Going to Colorado may not be that much of an improvement. The Centennial State has a flat income tax rate of 4.63%, and one of the lowest statewide sales taxes in the country, at just 2.9%. However, because of numerous additional county and city sales taxes, actual combined rates can be as high as 10.4%. When considering these local taxes, the average Colorado sales tax rate is almost 7.5%, 15th highest in the country. Not much of an improvement, is it.
And when you talk about high earners, they also have a lot of investments in other states that most states don’t tax as it is not earned within the state borders. Not in Colorado. If you make it, you pay taxes on it as long as you are a citizen of the state. And if you move to another state, and remain a Colorado resident, you will pay Colorado taxes on your income in another state on anything earned. The long arm of the taxman.
rwood
“No, they’re moving to Northern Colorado and becoming born again mountain men in skinny jeans and nose rings.”
and 99% of those S.O.Bs vote Dem when they more here ... they’re ruined our beautiful state, which used to be quite conservative ...