4 ms·
So we were right to suspect the move to Seattle was tax based...
by bond 16y ago
So we were right to suspect the move to Seattle was tax based...
- bhiggins 16y agoFellow Washingtonians, let's consider passing I-1098 especially in this light: http://www.seattlepi.com/local/426758_fair16.html http://www.seattlepi.com/local/426758_fair16.html
- ellyagg 16y agoFellow Washingtonians, let's consider not discouraging profitable business from moving to the state and stop encouraging profitable businesses that are already here, e.g., Boeing, to move more of its operations out of state.
- bhiggins 16y agoI agree. I-1098 also cuts the B&O tax and helps fund education. Employers need educated and skilled employees.
- _delirium 16y agoWonder what this'll do for his first-hand reporting on Silicon Valley. If you've moved out of a state for tax reasons, you generally have to be physically absent from the state the majority of the time--- you can't "move" but still live there 11 out of 12 months. (For California, you also have to stay moved for at least 4 years, or else your sub-4-year move might be deemed merely a temporary absence with intent to return.)
- vgurgov 16y agoam I the only one who thinks that IF its really the case, its kinda ... unfair. cmn, MA is good writer and he 100% deserves his money but he made it writing about SV! I think CA certainly deserve its 10,3% back, hey?
- tnorthcutt 16y agoWould you still feel that way if he had lived in Washington the whole time?
- sdp 16y agoI don't think SV is SV _because_ it's in CA. I think SV is SV _despite_ being in CA.
- _delirium 16y agoPeople have been arguing about it forever, but I think there's at least a relationship. The UC and Cal State systems have been feeders to many tech companies, and during the Valley's formative period, even the private universities were heavily state-subsidized (California used to have an extremely generous CalGrants scholarship that would pay for any CA high-school student with good grades to go to any CA university, public or private).
- steveklabnik 16y agoThere are rules in place to determine what's 'fair' and what's not 'fair.' I'm assuming Mike has played by all the rules, so it's most certainly 'fair.'
- tlrobinson 16y agoI'm sure CA's tax board will be looking into his claim of WA residence...
- flyosity 16y agoHe'll be making capital gains money, not income, so this move will not help him. (I had the same thought re: the move but was corrected on Twitter by a friend who sold his startup - Newsvine - and lives in Seattle.)