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It's becoming fairly obvious we won't be retiring here. Our income will drop off substantially when we retire, but the tax bill isn't. I know every place has to get tax revenue from somewhere, but Texas (and metropolitan areas with significant school taxes in particular) isn't the tax wonderland that some would have us believe. I'd prefer lower property taxes and a state income tax than this system - particularly when our school taxes don't even stay local.
Yep. My wife and I have had the same discussions...
When you compare all the taxes paid by a Texas/Austin resident, to comparable cities around the country...it's about equal, maybe even better.
But for a retiree? Not so much. They are still getting hit hard, even if they dont have much of an income.
And I'd like to actually own my house someday, and not worry about paying $1000 a month in taxes (or more).