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California, once one of the friendliest states to do business in, has turned into a nightmare. The entrepreneurs I know are already looking for exits to Austin.
by penny500 14y ago
California, once one of the friendliest states to do business in, has turned into a nightmare. The entrepreneurs I know are already looking for exits to Austin.
- intopieces 14y agoThe people might by friendly, but aren't the taxes quite high? Last I read, the state+federal together added up to almost 50%.
- njharman 14y agoTexas has no income tax. Federal tax applies equally to living in any state and seems ridiculous to mention. Property tax is high, 2%-3%. Sales tax is high, 8.25%
- penny500 14y agoCalifornia's base sales tax is 7.25%, but CA's municipalities can bring that up to 9.25%. I believe ~8.5% is the average for the Bay Area.
- GameOfTrolls 14y agoYep, I just heard that HP, Yahoo, Google, Apple, FB and all of Hollywood are leaving California. Film at eleven.