Ok, one more thing. Talk about regional differences meaning different things with respect to taxes:

The problem for the Connecticut hedge-fund set — and, more broadly, for a lot of the Wall Street crowd — is that Republican proposals in both the House and Senate would drive up taxes for many high-earners in the New York City area. By eliminating the deduction for most state and local taxes, an individual making a yearly salary of $1,000,000 — a figure not uncommon in the financial industry — would owe the Internal Revenue Service an additional $21,000, according to a preliminary analysis by accounting firm Marcum LLP…

h/t Balloon Juice

Here in Dallas, $1M/yr puts you way way up the income ladder.

Edit: And by way up, I mean buying a legislator or a seat up. I’m not saying that’s poor in NY, but you would definitely get a tax decrease here in Texas.