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
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    1
    ·
    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
      link
      fedilink
      English
      arrow-up
      6
      ·
      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
        link
        fedilink
        English
        arrow-up
        1
        ·
        6 months ago

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