<story><title>Vermont will cover $10K of expenses for people who move there and work remotely</title><url>https://work.qz.com/1289727/vermont-will-pay-you-10000-to-move-there-and-work-remotely/</url></story><parent_chain><item><author>jackhack</author><text>For many, this won&amp;#x27;t even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you&amp;#x27;re likely to pay more.&lt;p&gt;&lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;money.cnn.com&amp;#x2F;gallery&amp;#x2F;smallbusiness&amp;#x2F;2012&amp;#x2F;10&amp;#x2F;15&amp;#x2F;state-taxes&amp;#x2F;4.html&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;money.cnn.com&amp;#x2F;gallery&amp;#x2F;smallbusiness&amp;#x2F;2012&amp;#x2F;10&amp;#x2F;15&amp;#x2F;state-...&lt;/a&gt;&lt;p&gt;&amp;gt;&amp;gt;The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and local sales taxes range from 6% to 7%.&lt;p&gt;&amp;gt;&amp;gt;There are five income brackets. The highest marginal rate is 8.95% on any income over $388,350. That&amp;#x27;s on top of federal income taxes.&lt;p&gt;&amp;gt;&amp;gt;Businesses pay an effective property tax rate of 5.27%, the third highest in the country.&lt;p&gt;&amp;gt;&amp;gt;At 6%, sales taxes are also on the high side. Meanwhile, those businesses that pay corporate taxes get hit with an 8.5% rate for any profit made above $25,000.</text></item></parent_chain><comment><author>jimhefferon</author><text>&amp;gt; notoriously high-tax state&lt;p&gt;Some societies think that it is wise to spend on some things such as education (see &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.washingtonpost.com&amp;#x2F;news&amp;#x2F;local&amp;#x2F;wp&amp;#x2F;2015&amp;#x2F;06&amp;#x2F;02&amp;#x2F;the-states-that-spend-the-most-and-the-least-on-education-in-one-map&amp;#x2F;?utm_term=.62e31ec15029&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.washingtonpost.com&amp;#x2F;news&amp;#x2F;local&amp;#x2F;wp&amp;#x2F;2015&amp;#x2F;06&amp;#x2F;02&amp;#x2F;the-...&lt;/a&gt;).  Others think that lowering taxes at whatever cost is better.  The former fits with my thinking, which is why I like it here.</text></comment>
<story><title>Vermont will cover $10K of expenses for people who move there and work remotely</title><url>https://work.qz.com/1289727/vermont-will-pay-you-10000-to-move-there-and-work-remotely/</url></story><parent_chain><item><author>jackhack</author><text>For many, this won&amp;#x27;t even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you&amp;#x27;re likely to pay more.&lt;p&gt;&lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;money.cnn.com&amp;#x2F;gallery&amp;#x2F;smallbusiness&amp;#x2F;2012&amp;#x2F;10&amp;#x2F;15&amp;#x2F;state-taxes&amp;#x2F;4.html&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;money.cnn.com&amp;#x2F;gallery&amp;#x2F;smallbusiness&amp;#x2F;2012&amp;#x2F;10&amp;#x2F;15&amp;#x2F;state-...&lt;/a&gt;&lt;p&gt;&amp;gt;&amp;gt;The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and local sales taxes range from 6% to 7%.&lt;p&gt;&amp;gt;&amp;gt;There are five income brackets. The highest marginal rate is 8.95% on any income over $388,350. That&amp;#x27;s on top of federal income taxes.&lt;p&gt;&amp;gt;&amp;gt;Businesses pay an effective property tax rate of 5.27%, the third highest in the country.&lt;p&gt;&amp;gt;&amp;gt;At 6%, sales taxes are also on the high side. Meanwhile, those businesses that pay corporate taxes get hit with an 8.5% rate for any profit made above $25,000.</text></item></parent_chain><comment><author>Liquix</author><text>On top of the taxes, housing is pretty bad too. You can be a reclusive hermit in southern &amp;#x2F; central VT on the cheap, but the closer you get to Burlington &amp;#x2F; Essex Jct the more expensive it gets. This is in part caused by the size of the University of Vermont - high demand for housing, small area. Many buildings have too many units crammed into them for the same reason. Not nearly as bad as the valley, but another reason not to pick this state for remote work...&lt;p&gt;Source: Vermont resident with a local IT career</text></comment>