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Old 12-01-2015, 10:11 AM
 
203 posts, read 193,706 times
Reputation: 168

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Quote:
Originally Posted by pittsflyer View Post
What jobs were you looking for. I have a professor that used to work in cali and he said the taxes were so oppressive that he paid something like 50% of his income in taxes plus the high prices of living on top of that. So yea he had a job but it was almost living hand to mouth on 200k a year lol, thats being a little dramatic but not overly dramatic.


I suppose living hand to mouth is better than homelessness but cali would not be my first place to want to work, plus its oppressivly hot.
WRong and wrong.
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Old 12-01-2015, 12:03 PM
 
7,654 posts, read 5,114,492 times
Reputation: 5036
Oh well since you said so lol. He did the math and all the little taxes including fed taxes it was right at 50% of his income just gone.


Quote:
Originally Posted by LeavinOnAJetPlane View Post
WRong and wrong.
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Old 12-01-2015, 01:22 PM
 
Location: On the water.
21,735 posts, read 16,346,385 times
Reputation: 19830
Quote:
Originally Posted by pittsflyer View Post
Oh well since you said so lol. He did the math and all the little taxes including fed taxes it was right at 50% of his income just gone.
He weren't no math professor then, that's for sure. And you've obviously never been to California.
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Old 12-01-2015, 02:25 PM
 
203 posts, read 193,706 times
Reputation: 168
Quote:
Originally Posted by pittsflyer View Post
Oh well since you said so lol. He did the math and all the little taxes including fed taxes it was right at 50% of his income just gone.
Not possible. I am a tax accountant.
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Old 12-01-2015, 02:28 PM
 
7,654 posts, read 5,114,492 times
Reputation: 5036
It is possible, real estate tax, aircraft tax, hangar tax, income tax (state and federal), all of your different luxury and excise taxes, sales tax and on and on. Fed tax is over 20% right there and I think cali tax is like 9% or more then if you count SS and medicare it easily could be 50%. I have no idea what his aircraft and hangar taxes were but they were steep.


Quote:
Originally Posted by LeavinOnAJetPlane View Post
Not possible. I am a tax accountant.
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Old 12-01-2015, 02:35 PM
 
9,891 posts, read 11,764,474 times
Reputation: 22087
It is amazing, how so many people in California refuse to look at the real picture.

They say that California leads the nation in job growth. When you consider the populations in different areas of the country including California, on a per capita job growth basis. California is #6, considerably behind Texas which is #4.

The Uneven U.S. Jobs Recovery Is Even Clearer When Tracked Per Capita - CityLab

Lets get serious again. The big problem in California is they are creating a lot of jobs, but a big percentage of them are not decent paying jobs. California has almost at a crisis problem as low wage jobs are a serious problem in the state. Here is a study done at the University Of California at Berkeley on this serious problem.

A third of all workers in California make less than $29,000 per year, and that is not enough to live on in California due to their extreme high cost of living. So a third of jobs of those high number of jobs created, are at starvation wages.

Yes California is gaining jobs, but official projections show that 7 out of the top 10 growth jobs over the next decade will be low-wage occupations.

Low-wage jobs are California

On reason that the new jobs are so heavily weighted towards low pay, is that big companies are leaving California due to the oppressive business taxes and regulations in California. To add on to a plant or put in a new business, will take 2 1/2 years to even get approval. In some other states, 2 1/2 days would be possible. They have determined that you can move a manufacturing plant from Los Angeles to Texas and cut your operating cost by 40%.

This is a reason, that Apple Computer put in their new Lap Top Plant hiring thousands of workers in Texas rather than California.

This is he reason, that Tesla put their big battery facility in Nevada rather than California, again thousands of jobs that California did not get.

That is why Toyota moved out this year, and the list can go on and on.

We have those people in California, that say California is going so great, it has highest job growth in Nation. They simply do not look at the real picture. It is time they take off the rose colored glasses, and see the real picture of what is happening.

The entire nation, knows that California is not the place to put or keep a business.

EDITORIAL: Businesses flee California's high taxes and regulations - Washington Times

The movement out of California is not new. Here is an article in the Wall Street Journal on the California problem clear back in 2003.

Businesses Ponder Leaving California - WSJ

And here is a brand new article in the National Review, showing things have not changed a bit. California is still driving out the better paid jobs.

Businesses Leave California; Texas Next Stop | National Review Online

And another up to date article showing what is happening to the good jobs in California.

http://www.bizjournals.com/dallas/bl...xpansions.html

Businesses leave California | Spectrum Location Solutions

Businesses Leaving California In Droves | Live Trading News

Potential of more tax hikes in California in 2016 will only drive out more companies, and good paying jobs.

https://www.aoausa.com/magazine/?p=2909

Yes California is creating lots of jobs, but they are mostly low paid lousy jobs.

These California boosters say California is #1 in the country as being the greatest.

Others in the nation have done an intensive study, and rate states from the Weird to the most normal. California is 4th place behind Washington D.C., Hawaii and Alaska as the most weird state in the Nation. This study kind of follows how the rest of the nation sees California.

State normalness ranking - Business Insider
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Old 12-01-2015, 02:53 PM
 
203 posts, read 193,706 times
Reputation: 168
Quote:
Originally Posted by pittsflyer View Post
It is possible, real estate tax, aircraft tax, hangar tax, income tax (state and federal), all of your different luxury and excise taxes, sales tax and on and on. Fed tax is over 20% right there and I think cali tax is like 9% or more then if you count SS and medicare it easily could be 50%. I have no idea what his aircraft and hangar taxes were but they were steep.


SO you are telling us that aircraft and hangar tax where he lives now is free? As well as sales tax. We don't have luxury tax here. SS and Medicare is nationwide dearest.
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Old 12-01-2015, 04:29 PM
 
Location: SW MO
23,593 posts, read 37,475,357 times
Reputation: 29337
Quote:
Originally Posted by V8 Vega View Post
Currently no military or commercial aircraft being manufactured in Calif. Avation auto's. furniture and many others a shadow of what they once were thanks to Democrat taxes and regulations. They all have moved to Texas or other states.
We were once productive and employed, we made things, Democrats with their hatred of buisness and "stick it to the man" attatude have killed Calif.
Interesting! I was the3re just three weeks ago and as far as I could tell it still had pulse and respiration. Seeing no IVs I assume it wasn't on life support.
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Old 12-01-2015, 05:53 PM
 
7,654 posts, read 5,114,492 times
Reputation: 5036
Correct, Alaska has very little taxes other than directly in anchorage with property taxes. I am not going to argue with you. I believe he was paying upwards of around 50%. Its not hard to imagine it when you start adding it up. We also don't have state income tax here either. 20-30% is a big difference from 50%. Just looked it up and cali income tax can get up to 13.3% which is staggering. Add to that the 28-33% fed taxes your almost there.


also if you want to be condescending there is no reason to continue conversing.


Quote:
Originally Posted by LeavinOnAJetPlane View Post
SO you are telling us that aircraft and hangar tax where he lives now is free? As well as sales tax. We don't have luxury tax here. SS and Medicare is nationwide dearest.
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Old 12-01-2015, 07:13 PM
 
444 posts, read 665,402 times
Reputation: 844
Quote:
Originally Posted by oldtrader View Post
It is amazing, how so many people in California refuse to look at the real picture.

They say that California leads the nation in job growth. When you consider the populations in different areas of the country including California, on a per capita job growth basis. California is #6, considerably behind Texas which is #4.

The Uneven U.S. Jobs Recovery Is Even Clearer When Tracked Per Capita - CityLab

Lets get serious again. The big problem in California is they are creating a lot of jobs, but a big percentage of them are not decent paying jobs. California has almost at a crisis problem as low wage jobs are a serious problem in the state. Here is a study done at the University Of California at Berkeley on this serious problem.

A third of all workers in California make less than $29,000 per year, and that is not enough to live on in California due to their extreme high cost of living. So a third of jobs of those high number of jobs created, are at starvation wages.

Yes California is gaining jobs, but official projections show that 7 out of the top 10 growth jobs over the next decade will be low-wage occupations.

Low-wage jobs are California

On reason that the new jobs are so heavily weighted towards low pay, is that big companies are leaving California due to the oppressive business taxes and regulations in California. To add on to a plant or put in a new business, will take 2 1/2 years to even get approval. In some other states, 2 1/2 days would be possible. They have determined that you can move a manufacturing plant from Los Angeles to Texas and cut your operating cost by 40%.

This is a reason, that Apple Computer put in their new Lap Top Plant hiring thousands of workers in Texas rather than California.

This is he reason, that Tesla put their big battery facility in Nevada rather than California, again thousands of jobs that California did not get.

That is why Toyota moved out this year, and the list can go on and on.

We have those people in California, that say California is going so great, it has highest job growth in Nation. They simply do not look at the real picture. It is time they take off the rose colored glasses, and see the real picture of what is happening.

The entire nation, knows that California is not the place to put or keep a business.

EDITORIAL: Businesses flee California's high taxes and regulations - Washington Times

The movement out of California is not new. Here is an article in the Wall Street Journal on the California problem clear back in 2003.

Businesses Ponder Leaving California - WSJ

And here is a brand new article in the National Review, showing things have not changed a bit. California is still driving out the better paid jobs.

Businesses Leave California; Texas Next Stop | National Review Online

And another up to date article showing what is happening to the good jobs in California.

http://www.bizjournals.com/dallas/bl...xpansions.html

Businesses leave California | Spectrum Location Solutions

Businesses Leaving California In Droves | Live Trading News

Potential of more tax hikes in California in 2016 will only drive out more companies, and good paying jobs.

https://www.aoausa.com/magazine/?p=2909

Yes California is creating lots of jobs, but they are mostly low paid lousy jobs.

These California boosters say California is #1 in the country as being the greatest.

Others in the nation have done an intensive study, and rate states from the Weird to the most normal. California is 4th place behind Washington D.C., Hawaii and Alaska as the most weird state in the Nation. This study kind of follows how the rest of the nation sees California.

State normalness ranking - Business Insider
I've always found it amusing when people like oldtrader continuously lambast the California economy while the state they come from hasn't really done much since, um, statehood?
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