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05-04-2014, 11:02 AM
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Ready
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Join Date: Oct 2013
Posts: 19,170
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Quote:
No income tax in Texas so thats about a 20% raise.
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Who makes up your data for you? Tell them to do a better job.
The California state income tax has brackets, starting at 2% and topping out at 12.3% for income over $508K. See http://www.tax-brackets.org/californiataxtable
A single person with no dependents would, according to the tax calculator on that page, pay $4170 in states tax on an income of $75,000. That works out to 5.6%. Not 20%.
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05-04-2014, 11:06 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by donquixote99
Who makes up your data for you? Tell them to do a better job.
The California state income tax has brackets, starting at 2% and topping out at 12.3% for income over $508K. See http://www.tax-brackets.org/californiataxtable
A single person with no dependents would, according to the tax calculator on that page, pay $4170 in states tax on an income of $75,000. That works out to 5.6%. Not 20%.
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It's not about the employees and their taxes anyways. Toyota would locate in Massachusetts, if it was somehow to corporates advantage. Nobody gives a hoot about the employee. Figure it out, guys.
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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05-04-2014, 11:09 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by donquixote99
Who makes up your data for you? Tell them to do a better job.
The California state income tax has brackets, starting at 2% and topping out at 12.3% for income over $508K. See http://www.tax-brackets.org/californiataxtable
A single person with no dependents would, according to the tax calculator on that page, pay $4170 in states tax on an income of $75,000. That works out to 5.6%. Not 20%.
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Besides, Don. IIRC, he has made comments about how "people" pay 50% federal tax, the corporate tax is 50%, now "people" pay 20% state tax.
As they say here in the Old Dominion, "He's talkin' out his ass.". Just ignore the troll.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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05-04-2014, 11:10 AM
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reflexionar
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Join Date: May 2009
Location: Central Oregon
Posts: 2,273
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Quote:
Originally Posted by donquixote99
Who makes up your data for you? Tell them to do a better job.
The California state income tax has brackets, starting at 2% and topping out at 12.3% for income over $508K. See http://www.tax-brackets.org/californiataxtable
A single person with no dependents would, according to the tax calculator on that page, pay $4170 in states tax on an income of $75,000. That works out to 5.6%. Not 20%.
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Not to mention that property taxes in Texas are about double, so if you sold a home in California for 300K and bought one in Texas for 200K, you are still going to be paying higher property taxes in Texas. Texas would still probably have a slight tax benefit to the moving employee, but it won't be as great as it looks if he buys his own home.
__________________
“Anyone who is capable of getting themselves made President should on no account be allowed to do the job.” Douglas Adams
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05-04-2014, 11:13 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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They don't give a shit about the employee. It's not about the employee.
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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05-04-2014, 11:14 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,209
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Quote:
Originally Posted by BlueStreak
Hello!
Welcome to America in the 21st Century. It's a Brave New World, isn't it?
Dave
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Precisely what I was trying to point out. Not a simple cost reduction but a bidding process. Once again governments giving away money that they do not have or cannot afford to in the long run. Hate to be a cynic.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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05-04-2014, 11:22 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,209
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Quote:
Originally Posted by mpholland
Not to mention that property taxes in Texas are about double, so if you sold a home in California for 300K and bought one in Texas for 200K, you are still going to be paying higher property taxes in Texas. Texas would still probably have a slight tax benefit to the moving employee, but it won't be as great as it looks if he buys his own home.
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Property taxes are frozen in CA from the time of purchase (Prop 101). So if some one has lived in their home for several years, their effective property tax will be relatively low. So it may not just be a simple comparison of house cost and tax rates.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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06-01-2014, 11:16 PM
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Banned
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Join Date: Nov 2009
Location: The Open Border
Posts: 5,126
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06-06-2014, 02:09 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,228
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Quote:
Originally Posted by BlueStreak
They don't give a shit about the employee. It's not about the employee.
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True dat.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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