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Texas Attracted California Techies. Now It’s Losing Thousands of Them.
(www.texasmonthly.com)
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this post was submitted on 27 Apr 2024
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Texas has a base sales tax of 6.25, which can be raised by local taxes up to 2%. So it is effectively 8.25% everywhere.
Ok? But that income tax is huge…
I hadn’t considered the fact that some people make money under the table and/or illegally. And this pay not income tax in either state, but a ton of sales tax.
I highly doubt a large amount of that in a 2% local sales tax county is what causes this. If so, that’s crazy.
I feel part of the confusion may be thinking california has a flat tax? It has tax brackets, which increase the percent as you make more.
Yeah, starts at 1%, hits 9% by 68k income. I’m not misunderstanding that. Not seeing how 1% < 0%.