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My former employer responded to permanent WFH with salary zones. If you transitioned to 100% remote and moved from zone 1 (higher cost of living) to zone 5 (lower cost of living), your salary was adjusted accordingly. Not vice-versa though. If you move from zone 5 to zone 1, no increase for you. That was your choice.
Google is taking is five steps further by cutting WFH salaries by 25%.
*shrug* the market will sort that all out. If people consider it that much of a perk they'll put up with it while others won't. The company I work for didn't do that....but there are a few restrictions on who can do it full time and part time.
And how many of the rich are going to pay it? Zero! Sure, they'll have to give more money to their tax consultants, but it's worth it, no taxes to pay!
Not as high as other states. Texas is a pretty damn good deal.
Texans do have a right to complain somewhat as it is the state with the highest property tax out of the seven states that have no state income tax (AK, FL, NV, SD, TX, WA, and WY).
But Texans can only complain ... in Texas.
In Austin, the median home value is ~$400,000 and the tax rate is 1.98, meaning they pay a median (not the upper income) of ~$8K in property taxes. Without an income tax, that means the median and all below do NOT exceed the SALT limit.
*shrug* the market will sort that all out. If people consider it that much of a perk they'll put up with it while others won't. The company I work for didn't do that....but there are a few restrictions on who can do it full time and part time.
I would normally trust the market to sort it out but as we have seen with federal unemployment extensions and eviction/foreclosure moratoriums, the federal government usually finds a way to disrupt market balance.
I would normally trust the market to sort it out but as we have seen with federal unemployment extensions and eviction/foreclosure moratoriums, the federal government usually finds a way to disrupt market balance.
Great points.
All depends upon short vs. long term.
Although the feds short term meddling can have long lasting effects like higher rents because the feds added risk and volatility to landlords.
Have to wonder how many renters realize that all of these govt. interventions mean passing the costs of people that didn't pay onto them over the next decade or whatever.
It's like the govt. passing laws saying you can't charge more for people with lots of accidents and DUI's. OK, so everyone else then gets to pay X% more.
There is a bill. If you have people ordering the steak and expecting you to split evenly while you ordered the burger then that is where you are now folks. Remember this.
Abolish the income tax altogether, and replace with a national sales tax (or goods & services tax). Everyone pays, including tourists and people with no income.
Yep. I also had to use strong eye protection to look at my home insurance renewal bill.
Hail yah. Especially further north in the state.
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Especially further north in the state.