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.

    • locuester@lemmy.zip
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      6 months ago

      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.

      • bradorsomething@ttrpg.network
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        6 months ago

        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.

        • locuester@lemmy.zip
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          6 months ago

          Yeah, starts at 1%, hits 9% by 68k income. I’m not misunderstanding that. Not seeing how 1% < 0%.