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http://www.taxfoundation.org/research/show/22685.html http://www.taxfoundation.org/research/show/22685.html In 2005, Californians paid out $35.9 billion and re

http://www.taxfoundation.org/research/show/22685.html http://www.taxfoundation.org/research/show/22685.html In 2005, Californians paid out $35.9 billion and received back $31.2 billion. That's a gap of $4.7 billion. That's a lot. Do you think the amount of money the state receives indirectly from tech companies run by Americans educated in out-of-state colleges exceeds this amount? The figures for this are much harder to come by, but I suspect that the state makes back at least a same-order-of-magnitude amount of what it pays out. According to wikipedia, there were 386,000 tech workers in the Bay Area in '08. If we assume that half of them are Americans from out of state, then they'd have to pay about $5000 in taxes a year to make it worth it, assuming that there's also a multiplier of 4 due to workers in other industries being hired to serve them. Of course, all this assumes we're running on a "we pay you taxes in exchange for your nerds" model, and it may be more complicated than that.

ricaurte 17y ago
California actually paid out $289 billion and received $242 billion for a net outflow of $47B. [EDIT] Colorado was the state the paid out $35.9 billion and received $31.2 billion.
anamax 17y ago
> In 2005, Californians paid out $35.9 billion and received back $31.2 billion. That's a gap of $4.7 billion. That's a lot. Actually, it's more, and it doesn't matter. CA elects "progressive legislators" who push the programs that do such transfers. Do you really want to argue that it's okay to do that on the state level but not on the national level?
yummyfajitas 17y ago
These numbers are bogus. They include things like military spending and entitlements. An Air Force base in New Mexico defends the whole country, but the spending is credited to New Mexico (at least, some of it is). And someone might work (and pay taxes) in New York, but retire (and receive SS/Medicare) in Florida. Both military spending and entitlements will skew these numbers unfairly towards low cost of living states.

ricaurte 17y ago

California actually paid out $289 billion and received $242 billion for a net outflow of $47B. [EDIT] Colorado was the state the paid out $35.9 billion and received $31.2 billion.

anamax 17y ago

> In 2005, Californians paid out $35.9 billion and received back $31.2 billion. That's a gap of $4.7 billion. That's a lot. Actually, it's more, and it doesn't matter. CA elects "progressive legislators" who push the programs that do such transfers. Do you really want to argue that it's okay to do that on the state level but not on the national level?

yummyfajitas 17y ago

These numbers are bogus. They include things like military spending and entitlements. An Air Force base in New Mexico defends the whole country, but the spending is credited to New Mexico (at least, some of it is). And someone might work (and pay taxes) in New York, but retire (and receive SS/Medicare) in Florida. Both military spending and entitlements will skew these numbers unfairly towards low cost of living states.