The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.
1 point
Ok? But that income tax is huge…
I hadn’t considered the fact that some people make money under the table and/or illegally. And this pay not income tax in either state, but a ton of sales tax.
I highly doubt a large amount of that in a 2% local sales tax county is what causes this. If so, that’s crazy.
6 points
I feel part of the confusion may be thinking california has a flat tax? It has tax brackets, which increase the percent as you make more.
1 point
