<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>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></item><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>swebs</author><text>And yet the neighboring state of New Hampshire, which has some of the lowest taxes in the country (0% sales tax, 0% state income tax), beats Vermont handily in SAT scores.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;blog.prepscholar.com&amp;#x2F;average-sat-and-act-scores-by-stated-adjusted-for-participation-rate&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;blog.prepscholar.com&amp;#x2F;average-sat-and-act-scores-by-s...&lt;/a&gt;&lt;p&gt;What does Vermont have to show for its higher spending? Why do you see higher spending as an automatically good thing if it doesn&amp;#x27;t have any evidence of having a beneficial effect?</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>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></item><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>dahdum</author><text>It depends heavily on how the money is spent, Illinois spends half the education budget on funding pensions alone [1].&lt;p&gt;89% of all education budget increases went straight to pension funding, with only 11% to the classroom. They already spend far more than other midwest states, with outcomes that lag behind Montana, Minnesota, and other frugal states.&lt;p&gt;So while I agree that education spending is critical to our future, money alone is not the magic wand.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.illinoispolicy.org&amp;#x2F;reports&amp;#x2F;pensions-vs-schools&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.illinoispolicy.org&amp;#x2F;reports&amp;#x2F;pensions-vs-schools&amp;#x2F;&lt;/a&gt;</text></comment>