OK, its not Texas but the reasons are clear. Its the high earners that want out. Whats left?...
How one woman is fighting to keep Toastmasters from leaving Orange County
A nonprofit known for training people to give great speeches has clammed up about efforts to move its worldwide headquarters out of Orange County.
Toastmasters International ? with 179 employees and 345,000 members in 15,900 clubs in 142 countries ? will hold a vote this week at its International Convention in Washington, D.C., on a proposal to move to Denver from Rancho Santa Margarita, where the organization?s home base has been since 1990. A two-thirds vote is required for approval. The club was founded in Santa Ana in 1924.
? She believes the reason the move is being proposed is the top members of the Toastmasters board will face a lower personal income tax rate in Colorado.
Colorado?s income tax rate is 4.63 percent for all incomes. California has nine tax rates, the highest being 12.3 percent.
Individuals also pay less in property taxes in Colorado. California homeowners pay a minimum of 1 percent of their property value in taxes. It can increase up to 3 percent a year. In Colorado the tax rate is decided based on an assessment rate multiplied by the fair market value of the home. Every year it changes.
Right now, an Orange County homeowner would pay $8,800 a year in property taxes on a $800,000 house, while a Colorado resident would be paying less than $5,000.
For companies, taxes are much lower in Colorado than in California. Colorado companies pay 4.63 percent of their company?s net income. California companies pay 8.84 percent, but also have a minimum amount they pay in taxes.
http://www.ocregister.com/articles/toastmasters-725912-move-colorado.html