Carl's Jr wants to move its Headquarters (Fresno, Riverside: house, prices)

[user_id]

Originally Posted by yeahthatguy

-> sales tax TX (austin) : 8.25% CA ( bay area) : 9.25%
-> income tax : TX : 0% . CA (bay area) : 9.25% (anything over 40k)
-> property tax : TX (amnt paid almost same as amount paid in CA)

You're still not even making a basic effort to make a honest comparison. The tax rate for taxable income over $47k is 9.25% for an individuals, this doesn't take into account any credits. Property taxes in Texas are dramatically higher than California, at the business level the difference here is going to be very significant.

Originally Posted by yeahthatguy

And I have no patience to keep playing this business costs game with you which you like to feel you know everything about every state in the U.S and everyone's circumstances. I'll give you picture instead :

No, not every state, but certainly Texas and California.

Its funny, you complain about aggregate numbers and you keep posting a map about aggregate taxation. Again...you're not even making a basic effort to discuss this honestly.

Originally Posted by yeahthatguy

Wrong. There is no income tax. Sales tax lessor than CA and amount paid on property tax is about the same (lower income tax) people generally don't own property.

Its rather accurate, just do the math. Let's take a family of 4 making $60k living in Clovis and one making $60k living living in the Austin area, let's say they own homes that cost $200k and $250k respectively. The higher fuel taxes, etc can be accounted for by adding a $200~$300. The Austin family will pay approximately $5,000~$6,000 in property tax, the California couple will pay at most around $2,500 in property taxes and around $500 in income tax. The California family will pay around $1,500~$2,500 less in taxes.

Let's take another example, a family of 4 making $100k same areas with homes worth $300k and $350k. The Texan will pay around $7,000 in property taxes, on the other hand the California family will pay around $3,500 plus around $2,800 in income tax. Once you adjust for increased fuel taxes, etc the two families pay roughly the same in taxes.

People that are renting don't avoid property taxes, instead they pay them indirectly via their landlord.

So its only the top 15% or so of society that pays less taxes in Texas.

Originally Posted by yeahthatguy

And its funny how you contradict yourself and say the middle class/lower class foot all the pain in Texas but then paint a picture that Texas will charge more for those operating a business.

No contradiction at all, I never suggest that Texas charges more in general for those operating a business. Instead, I suggested that in some cases you'd pay more taxes in Texas than you would in California. In particular, a software company.

Anyhow, as I said before, taxes play a relatively small role in deciding on a location for a start-up. California's tax code is very start-up friendly so waiting to leave California to start a start-up doesn't make much sense. Leaving after you have a profitable established company on the other hand may make sense.

Originally Posted by yeahthatguy

Remind me again why Carl's Jr wants to move its business .. O' yeah, because they are gonna pay hella more in TX... Drawing straws and completely wrong.

Carl's Jr will likely save money by moving its headquarters to Texas and since there is no good reason for it to stay in California that would likely be a good move.

[Cassino]

My wife and I are in our mid 20's and moved from the Bay Area to Texas a couple of years ago due to my job. We decided to move for a few reasons but one of them was the desire to own a home we could actually afford to own. We did not see any logical way to purchase a home in the East bay close enough to my job in a place we would actually want to live.

Living here, we bought a modestly sized, nice, new construction home for less than $200K. We will no doubt pay more taxes on it than we would a similarly priced home in California, the only issue is finding a similarly priced home in the right area. We couldn't find one and we had looked extensively. We still look from time to time and we still can't. The ability to even a own a home was out of reach.

[.highnlite]

And... I have some friends from an upscale neighborhood in Dallas who had to relocate to our area and were terrribly concerned about the quality of schools in California since their elementary school was one of the highest rated schools in Texas.

Within three months the two kids were in danger of failing as they were so far behind our area kids (which includes field worker kids)

[NorCal Dude]

sure, we believe you high.

[NorCal Dude]

Originally Posted by Fontucky

Is it? I hate it when people don't capitalize proper names. I assumed the poster was using "maloofs" as a noun, as in "She has huge maloofs."

Eat your prunes and relax old timer. Everyone knows who the maloofs are.
http://www.youtube.com/watch?v=qZow0Enq1vU

[.highnlite]

Originally Posted by NorCal Dude

sure, we believe you high.

If you think I am not honest say it.

[EscapeCalifornia]

Originally Posted by NorCal Dude

sure, we believe you high.

The only thing those kids fell behind in was Mexican slang.

[.highnlite]

Must be tough living with really....... really............. tiny............. minds, and no library card.

[NorCal Dude]

Originally Posted by EscapeCalifornia

The only thing those kids fell behind in was Mexican slang.

LoL

Originally Posted by .highnlite

Must be tough living with really....... really............. tiny............. minds, and no library card.

LoL

[slo1318]

Originally Posted by Cassino

My wife and I are in our mid 20's and moved from the Bay Area to Texas a couple of years ago due to my job. We decided to move for a few reasons but one of them was the desire to own a home we could actually afford to own. We did not see any logical way to purchase a home in the East bay close enough to my job in a place we would actually want to live.

Living here, we bought a modestly sized, nice, new construction home for less than $200K. We will no doubt pay more taxes on it than we would a similarly priced home in California, the only issue is finding a similarly priced home in the right area. We couldn't find one and we had looked extensively. We still look from time to time and we still can't. The ability to even a own a home was out of reach.

Thats the thing here in Texas compared to most of California is that homeownership is well within the realm of modest income people. The coastal areas of California its very hard for young families and that first house is usually a huge deal, hard to get, small fixer, help from parents, etc etc
User_id had some good examples that even out the tax burden between the two states, it just doesnt account for people being able to actually buy that first house.
Our house is valued at about $600k and our taxes are $11,000. Ouch, yes it does hurt. Of course in the coastal regions of California thats a modest priced house small house....