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Old 03-22-2013, 03:05 PM
 
9,891 posts, read 11,762,441 times
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The taxes that affect individuals and families (sales and income taxes especially) are really high in California, while the taxes that affect big businesses and long-time landowners are pretty low. Corporations like Oracle, HP, etc. have gotten a sweet deal under California's tax laws.
Corporations like Oracle, HP, Google, Apple, beat the taxes, by putting the parts of the company that make money outside of California, and the parts like research and development, etc., in California where all costs are deductible and no taxable income earned.

It is not that the California tax laws are so favorable to them, it they are too smart to make their profits in California, and have taxes due.
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Old 03-22-2013, 04:18 PM
 
7,150 posts, read 10,896,236 times
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Originally Posted by Leonard64 View Post
Ahh I see, weather brings poverty. What a blessing.
No (again!) Leonard: coastal California weather allows survival ...
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Old 03-22-2013, 05:32 PM
 
Location: Boulder Creek, CA
9,197 posts, read 16,839,999 times
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Originally Posted by AllenSJC View Post
The taxes that affect individuals and families (sales and income taxes especially) are really high in California, while the taxes that affect big businesses and long-time landowners are pretty low. Corporations like Oracle, HP, etc. have gotten a sweet deal under California's tax laws.
Lobbyists work for the highest bidders. And then laws are made.
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Old 03-22-2013, 05:55 PM
 
880 posts, read 1,415,394 times
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Originally Posted by Senno View Post
And yet we have the 9th largest economy in the world in a free country where the businesses can engage in operations wherever they want.
Yet it isn't the leading State among the 50, in per capita, and in fact I believe it isn't even in the top 10.
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Old 03-22-2013, 06:32 PM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,454,406 times
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Probably not so surprising for a state that's so popular with retirees and has so much agriculture (among other things).
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Old 03-22-2013, 07:11 PM
 
Location: in a galaxy far far away
19,208 posts, read 16,689,350 times
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Originally Posted by mateo45 View Post
Probably not so surprising for a state that's so popular with retirees and has so much agriculture (among other things).
Interesting comment. Is California really a popular destination for retirees? I haven't seen that data. I'd been reading and hearing from folks who left the state for places like Florida, Arkansas, Texas, Tennessee, and North Carolina. Some moved to Washington and Oregon but those states are so close, they don't count. Retiring means moving awaaaaaaaaaay ... far far away.
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Old 03-22-2013, 07:13 PM
 
Location: State of Transition
102,210 posts, read 107,859,557 times
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Originally Posted by HereOnMars View Post
Interesting comment. Is California really a popular destination for retirees? I haven't seen that data. I'd been reading and hearing from folks who left the state for places like Florida, Arkansas, Texas, Tennessee, and North Carolina. Some moved to Washington and Oregon but those states are so close, they don't count. Retiring means moving awaaaaaaaaaay ... far far away.
This is true. The rich retirees come to CA for retirement. The ones who were raised here move away to Arkansas, or at least, Oregon, where there are fewer taxes.
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Old 03-22-2013, 07:16 PM
 
Location: in a galaxy far far away
19,208 posts, read 16,689,350 times
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Originally Posted by Ruth4Truth View Post
This is true. The rich retirees come to CA for retirement. The ones who were raised here move away to Arkansas, or at least, Oregon, where there are fewer taxes.
You might want to leave Oregon off that list of lower taxes. R4T. Oregon has state income tax AND pretty high property taxes, with the exception of Josephine and Curry counties but that's about to change for Curry county, if the voters pass the tax initiative in May.
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Old 03-22-2013, 07:42 PM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,454,406 times
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With mainly just Portland, some Tourism and a fair bit of Ag, OR has probably the least number of opportunities for revenue of any of the Pac Coast states, so it needs every dime it can get. Even their highway projects seem to take forever to complete! And with basically just Boeing, some timber, and Ag in the eastern half of the state, WA used to be much the same way until the 70's recession hit there (aka, ''will the last person to leave Seattle, turn out the lights'')!

Then Microsoft arrived, aerospace, Boeing and the computer revolution suddenly took off, along with the music scene, arts, growth and real estate prices. And like Silicon Valley, it's also become popular with startups and venture capital. In short, WA state can afford not to have a state income tax. Though real estate taxes there are a different story.

Seattle ranks 4th as global startup hub, edges out NYC
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Old 03-22-2013, 07:55 PM
 
Location: State of Transition
102,210 posts, read 107,859,557 times
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Quote:
Originally Posted by HereOnMars View Post
You might want to leave Oregon off that list of lower taxes. R4T. Oregon has state income tax AND pretty high property taxes, with the exception of Josephine and Curry counties but that's about to change for Curry county, if the voters pass the tax initiative in May.
Oh, thanks. My brother was planning to move there for retirement, thinking it would be cheaper. Maybe that's not such a good idea. So far, he hasn't been able to get away, because he's working a bunch of part-time jobs to keep himself afloat, even on Social Security. Moves cost money, too, and he's discovered that all the good places to retire in OR have seen prop'ty values skyrocket. So maybe he's decided to stay put.
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