The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

  • locuester@lemmy.zipEnglish
    21·
    7 months ago

    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.

    • bradorsomething@ttrpg.networkEnglish
      6·
      7 months ago

      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.

      • locuester@lemmy.zipEnglish
        1·
        7 months ago

        Yeah, starts at 1%, hits 9% by 68k income. I’m not misunderstanding that. Not seeing how 1% < 0%.