irvinehomeowner
Well-known member
I know several people who do that (not "rent" in Irvine specifically but in SoCal).AW said:
Toyota moving to Texas
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NEW -> Contingent Buyer Assistance Program
Technically that shouldn't matter...it's where the work is done...not where the W2 is sent to.
Wait...New Yorkers leaving New York to go to Florida? I have never heard of that before!
I will wait to see the age breakdown of those leaving.
Higher taxes affect retirees the most as their incomes are steady/fixed. Younger people who are still working will stay in California because the wages are significantly higher than elsewhere. Higher wages and better standard of living mean that workers rather stay in California...companies want to move away because of higher taxes and wages.
I forgot to check the price of TM in 2015. So how is TM doing now? Looking at the graph it went all the way up to $143, and then crashed back down to around $106 today......Looks like the move to TX was a good decision so far...will update in a few years again.
It's a no brainier for Toyota moving to Texas.
Also, it was a no brainier for Nissan to move to Tennesee.
http://m.deseretnews.com/article/635167087/Tennessee-offered-Nissan-big-tax-lures.html
The state of California just doesn't get it.
Why is Irvine building those towers? There has to be some article about how many businesses are moving to Irvine and surrounding areas.
Irvinecommuter
New member
irvinehomeowner said:
Technically that shouldn't matter...it's where the work is done...not where the W2 is sent to.
morekaos
Well-known member
More empirical evidence, its not just companies...its people...
Taxpayers Fleeing Democrat-Run States for Republican Ones
Top 5 loser states for Democrat governors in 2013:
? New York (114,929 people with $5.7 billion in AGI)
? Illinois (68,943 people with $3.8 billion in AGI)
? California (47,458 people with 3.8 billion in AGI)
? Connecticut (14,453 people with $1.8 billion in AGI)
? Massachusetts (11,915 people with $1 billion in AGI)
Top 5 winner states for Republican governors in 2013:
? Texas (152,912 people with $6 billion in AGI)
? Florida (74,094 people with 8.3 billion in AGI)
? South Carolina (29,176 people with 1.6 billion in AGI)
? North Carolina (26,207 people with $1.5 billion in AGI)
? Arizona (16,549 people with $1.5 billion in AGI)
The single largest net migration from one state to another took place between New York and Florida (17,355 people).
https://www.atr.org/taxpayers-fleeing-democrat-run-states-republican-ones
Taxpayers Fleeing Democrat-Run States for Republican Ones
Top 5 loser states for Democrat governors in 2013:
? New York (114,929 people with $5.7 billion in AGI)
? Illinois (68,943 people with $3.8 billion in AGI)
? California (47,458 people with 3.8 billion in AGI)
? Connecticut (14,453 people with $1.8 billion in AGI)
? Massachusetts (11,915 people with $1 billion in AGI)
Top 5 winner states for Republican governors in 2013:
? Texas (152,912 people with $6 billion in AGI)
? Florida (74,094 people with 8.3 billion in AGI)
? South Carolina (29,176 people with 1.6 billion in AGI)
? North Carolina (26,207 people with $1.5 billion in AGI)
? Arizona (16,549 people with $1.5 billion in AGI)
The single largest net migration from one state to another took place between New York and Florida (17,355 people).
https://www.atr.org/taxpayers-fleeing-democrat-run-states-republican-ones
Irvinecommuter
New member
morekaos said:
Wait...New Yorkers leaving New York to go to Florida? I have never heard of that before!
I will wait to see the age breakdown of those leaving.
morekaos
Well-known member
It's not the age as much as its the income and the tax base. These people are fleeing high tax and spend states for states that provide some relief. The same reasons companies do.
http://www.irs.gov/uac/SOI-Tax-Stats-Migration-Data-2012-2013
http://www.irs.gov/uac/SOI-Tax-Stats-Migration-Data-2012-2013
The Motor Court Company
Well-known member
really? a company moves its HQ to California?
http://abcnews.go.com/US/wireStory/applebees-moving-kansas-city-california-33541593
http://abcnews.go.com/US/wireStory/applebees-moving-kansas-city-california-33541593
morekaos
Well-known member
Fleeing California
A hostile business climate sends more companies to friendlier states
More than a century ago, Roy Farmer, 20, went door-to-door in Los Angeles with his bags of home-roasted coffee beans. By the 1930s, Farmer Brothers was selling coffee to restaurants throughout the nation. Today the company employs 1,200 men and women and generates $200 million in annual sales to restaurants, convenience stores, hospitals, hotels and universities.
But after surviving depressions, recessions, earthquakes and wars, Farmer Brothers is leaving California, finally driven out by high taxes and oppressive regulations.
The company says it?s fleeing in search of a place where business is appreciated. Relocating its corporate headquarters and distribution facilities from to a friendlier location, Farmer Brothers expects to save $15 million a year. Company executives are looking at Dallas and Oklahoma City. The relocation will bear real consequences for California. Nearly 350 workers will lose their well-paying jobs in Los Angeles alone.
Gov. Jerry Brown pleads with companies to stay in California, and scolds those that are leaving. He, too, recognizes the storm clouds over his state?s business climate. ?We?ve got a few problems,? he conceded to an interviewer not long ago. ?We have lots of little burdens and regulations and taxes.? But neither he nor the state legislature have plans to do anything about it. Until they do, only the brave, if not foolish, set up a business in California.
http://www.washingtontimes.com/news/2015/feb/17/editorial-businesses-flee-californias-high-taxes-a/
It makes me very sad :'(
A hostile business climate sends more companies to friendlier states
More than a century ago, Roy Farmer, 20, went door-to-door in Los Angeles with his bags of home-roasted coffee beans. By the 1930s, Farmer Brothers was selling coffee to restaurants throughout the nation. Today the company employs 1,200 men and women and generates $200 million in annual sales to restaurants, convenience stores, hospitals, hotels and universities.
But after surviving depressions, recessions, earthquakes and wars, Farmer Brothers is leaving California, finally driven out by high taxes and oppressive regulations.
The company says it?s fleeing in search of a place where business is appreciated. Relocating its corporate headquarters and distribution facilities from to a friendlier location, Farmer Brothers expects to save $15 million a year. Company executives are looking at Dallas and Oklahoma City. The relocation will bear real consequences for California. Nearly 350 workers will lose their well-paying jobs in Los Angeles alone.
Gov. Jerry Brown pleads with companies to stay in California, and scolds those that are leaving. He, too, recognizes the storm clouds over his state?s business climate. ?We?ve got a few problems,? he conceded to an interviewer not long ago. ?We have lots of little burdens and regulations and taxes.? But neither he nor the state legislature have plans to do anything about it. Until they do, only the brave, if not foolish, set up a business in California.
http://www.washingtontimes.com/news/2015/feb/17/editorial-businesses-flee-californias-high-taxes-a/
It makes me very sad :'(
Man, you are right. CA is horrible for businesses ... well, only if you decide to believe a propagandist rag with a strong conservative bent whose survival is subsidized by the Unification Church.
http://www.bloombergview.com/articles/2015-03-12/best-state-for-business-yes-california
http://www.bloombergview.com/articles/2015-03-12/best-state-for-business-yes-california
morekaos said:
Irvinecommuter
New member
morekaos said:
Higher taxes affect retirees the most as their incomes are steady/fixed. Younger people who are still working will stay in California because the wages are significantly higher than elsewhere. Higher wages and better standard of living mean that workers rather stay in California...companies want to move away because of higher taxes and wages.
GE is moving it's headquarters from Fairfield to Boston. I'm surprised GE didn't move to Texas. A possible reason why is because GE received an incentive package by the state of Massachusetts and city of Boston for around $145 million.
"Taxes chased GE out of Connecticut
Democratic Governor Dannel Malloy accelerated the state's economic freefall with another huge tax hike passed last summer. Despite his 2014 re-election promise of no new taxes, Malloy signed a $2 billion tax hike that falls heavily on businesses and individuals. This came only a few years after his near $1.5 billion tax hike. "
Source:http://www.cnbc.com/2016/01/15/taxes-chased-ge-out-of-connecticut-commentary.html
"Taxes chased GE out of Connecticut
Democratic Governor Dannel Malloy accelerated the state's economic freefall with another huge tax hike passed last summer. Despite his 2014 re-election promise of no new taxes, Malloy signed a $2 billion tax hike that falls heavily on businesses and individuals. This came only a few years after his near $1.5 billion tax hike. "
Source:http://www.cnbc.com/2016/01/15/taxes-chased-ge-out-of-connecticut-commentary.html
zubs
Well-known member
zubs said:
I forgot to check the price of TM in 2015. So how is TM doing now? Looking at the graph it went all the way up to $143, and then crashed back down to around $106 today......Looks like the move to TX was a good decision so far...will update in a few years again.
zubs said:
It's a no brainier for Toyota moving to Texas.
Also, it was a no brainier for Nissan to move to Tennesee.
http://m.deseretnews.com/article/635167087/Tennessee-offered-Nissan-big-tax-lures.html
The state of California just doesn't get it.
morekaos
Well-known member
Not gonna get any better...
http://www.expertclick.com/NRWire/Releasedetails.aspx?id=76453
New Study Forecast: More Companies Will Leave California
Irvine , CA
Thursday, January 07, 2016
According to a new study of companies leaving California during the last eight years, the state's business climate will worsen because of a multitude of proposed tax hikes and new regulations ? measures sufficient to motivate more company departures.
The study by Spectrum Location Solutions is critical of extending the "temporary" taxes in Proposition 30, escalating fuel and motor vehicle taxes, imposing a service tax on routine transactions, raising carbon-related cap-and-trade fees, and threatening to weaken Proposition 13's protections for business property owners.
"California's public officials come across as being uncaring about the damage they inflict on businesses, investors, employees and their families, and to the towns that lose jobs," said Joseph Vranich, the study's author. "With a growing number of California activists demanding higher taxes and more regulations, look for an increase in the number of companies seeking to leave the state."
The conclusions are contained in a report that shows Fortune 500 companies down to small family-owned companies relocating and expanding in out-of-California locations that offer more satisfying business and lifestyle outcomes....
The report ranks the Top 15 California Counties in the order starting with the worst losses, which are: (1) Los Angeles, (2) Orange, (3) Santa Clara, (4) San Francisco, (5) San Diego, (6) Alameda, (7) San Mateo, (8) Ventura, (9) Sacramento tied with San Bernardino, (10) Riverside, (11) Contra Costa tied with Santa Barbara, (12) San Joaquin, (13) Stanislaus, (14) Sonoma and (15) Santa Cruz.
The Top 10 States in the order starting with those that gained the most are: (1) Texas, (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Georgia, (9) Florida and (10) Utah tied with Virginia. Texas was the top destination each year during the eight-year study period
http://www.expertclick.com/NRWire/Releasedetails.aspx?id=76453
New Study Forecast: More Companies Will Leave California
Irvine , CA
Thursday, January 07, 2016
According to a new study of companies leaving California during the last eight years, the state's business climate will worsen because of a multitude of proposed tax hikes and new regulations ? measures sufficient to motivate more company departures.
The study by Spectrum Location Solutions is critical of extending the "temporary" taxes in Proposition 30, escalating fuel and motor vehicle taxes, imposing a service tax on routine transactions, raising carbon-related cap-and-trade fees, and threatening to weaken Proposition 13's protections for business property owners.
"California's public officials come across as being uncaring about the damage they inflict on businesses, investors, employees and their families, and to the towns that lose jobs," said Joseph Vranich, the study's author. "With a growing number of California activists demanding higher taxes and more regulations, look for an increase in the number of companies seeking to leave the state."
The conclusions are contained in a report that shows Fortune 500 companies down to small family-owned companies relocating and expanding in out-of-California locations that offer more satisfying business and lifestyle outcomes....
The report ranks the Top 15 California Counties in the order starting with the worst losses, which are: (1) Los Angeles, (2) Orange, (3) Santa Clara, (4) San Francisco, (5) San Diego, (6) Alameda, (7) San Mateo, (8) Ventura, (9) Sacramento tied with San Bernardino, (10) Riverside, (11) Contra Costa tied with Santa Barbara, (12) San Joaquin, (13) Stanislaus, (14) Sonoma and (15) Santa Cruz.
The Top 10 States in the order starting with those that gained the most are: (1) Texas, (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Georgia, (9) Florida and (10) Utah tied with Virginia. Texas was the top destination each year during the eight-year study period
irvinehomeowner
Well-known member
Then why is it getting more crowded in Irvine?
panda
Well-known member
It makes sense that Texas is the #1 destination for California corporations due to 0% state income tax%. If you look at the list below there is definitely a correlation between being a business friendly state vs real estate appreciation in the state. The strongest real estate appreciation over the past 12 months took place in Colorado and Texas where property values are up 10% above the last 2006 real estate peak. You can also see that Texas, Neveda, Washington, and Florida are all 0 state income tax states. Just to have a LLC in California the franchise tax is $875/year. Here in Georgia, the costs are minimal at $50/year.
The Top 10 States in the order starting with those that gained the most are: (1) Texas, (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Georgia, (9) Florida and (10) Utah tied with Virginia. Texas was the top destination each year during the eight-year study period
The Top 10 States in the order starting with those that gained the most are: (1) Texas, (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Georgia, (9) Florida and (10) Utah tied with Virginia. Texas was the top destination each year during the eight-year study period
morekaos said:
irvinehomeowner
Well-known member
So it's all jobless FCBs?morekaos said:
Why is Irvine building those towers? There has to be some article about how many businesses are moving to Irvine and surrounding areas.