[AnsleyPark]

Originally Posted by beach43ofus

Eliminate the state income & corp taxes, & Alabama would explode w/ population growth.

Of course, AL would need to find other sources for revenue ( whole other topic), which I think is doable.

I'd move to Southern Alabama along the coast, but it would cost me $10,000+/yr in taxes versus Florida....so why?

I like Gulf Shores & Fair Hope, but I'm not paying $10,000/yr more to live there, versus Florida.

If I moved to AL, I'd pay $10k/yr in taxes x 10 more working years = $100,000 paid in taxes, that was not invested, so the real cost = ~$200,000.

Hmm. I live in what I consider a very nice home on the water in south Baldwin County. Our 2023 property taxes were only $5k. Not sure where you found the $10k/year number.

[MinivanDriver]

Originally Posted by AnsleyPark

Hmm. I live in what I consider a very nice home on the water in south Baldwin County. Our 2023 property taxes were only $5k. Not sure where you found the $10k/year number.

Probably referring to sales taxes.

[robertbrianbush]

Originally Posted by recycled

Are there any brain drain statistics for Alabama? In other words, statistics that show the numbers or percentages of AL college graduates that go to other states after graduation? Brain drain is a double whammy for state taxpayers. Taxpayers partially fund the public universities, and on top of that don't realize a return on the investment by having the graduate become part of the work force or professional ranks within the state and later contribute as a taxpayer.

Alabama has actually been good at attracting some big manufacturers to the state like Mercedes Benz, Hyundai, Mazda-Toyota, AirBus, ArcelorMittal Steel and others. I can't think of too many in the high tech field which are generally where high paying jobs are most often available.

Huntsville. But other than that, yeah.

[LS Jaun]

Originally Posted by recycled

Are there any brain drain statistics for Alabama? In other words, statistics that show the numbers or percentages of AL college graduates that go to other states after graduation? Brain drain is a double whammy for state taxpayers. Taxpayers partially fund the public universities, and on top of that don't realize a return on the investment by having the graduate become part of the work force or professional ranks within the state and later contribute as a taxpayer.

Alabama has actually been good at attracting some big manufacturers to the state like Mercedes Benz, Hyundai, Mazda-Toyota, AirBus, ArcelorMittal Steel and others. I can't think of too many in the high tech field which are generally where high paying jobs are most often available.

And NASA. My cube mate, moved from Phoenix to work for NASA in Huntsville. He likes it a lot.