Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
morekaos said:
Telling line....

The minimum wage in Colorado is $8.31 an hour. A current ballot initiative would phase in a $12-an-hour minimum wage by 2020. In California, the wage floor will increase incrementally to $15 by 2022.
Click to expand...

I hope the organization considered Colorado Amendment 69 aka Coloradocare before deciding to move.

According to the article below, "Colorado employees would pay 3.3 percent of their income into ColoradoCare, while employers would pay 6.67 percent. Business owners and independent contractors would pay the full 10 percent, including any business profits not reinvested into the business."

Source:http://www.aspentimes.com/news/the-changing-cost-of-business-under-coloradocare/

So it looks like the voters of Colorado will vote on this. To me this is game changer. A big thing to consider before moving to Colorado.

 
I'm gonna guess here...


Colorado's state income tax rate is a flat 4.63% of your federal taxable income, regardless of your income level.

The 80237, Denver, Colorado, general sales tax rate is 2.9%. The combined rate mentioned above is the result of the Colorado state rate (2.9%)

Colorado homeowners pay a much smaller share of home values in property taxes on average than almost any other state ? $1,179 a year or 0.632 percent of assessed property value
 
Real Estate in Denver ain't cheap. In terms of home appreciation since the last bubble, Colorado #1.
 
morekaos said:
I'm gonna guess here...


Colorado's state income tax rate is a flat 4.63% of your federal taxable income, regardless of your income level.

The 80237, Denver, Colorado, general sales tax rate is 2.9%. The combined rate mentioned above is the result of the Colorado state rate (2.9%)

Colorado homeowners pay a much smaller share of home values in property taxes on average than almost any other state ? $1,179 a year or 0.632 percent of assessed property value
Click to expand...

If Colorado care passes: employees would pay 3.3%, and employers would pay 6.6%.
 
It will be interesting to see if CO follows us down the rabbit hole and votes in higher taxes on themselves.  Legalized pot may help move the electorate and slow down their thought process.
 
Bye-bye another Fortune 500 company...enjoy the lower taxes, less regulation and business friendly environment.  It was nice growing you here...

Jacobs completes global headquarters move to Dallas

Jacobs Engineering Group said Monday it has moved its global headquarters from Pasadena, California to Dallas as planned.

Demetriou said in a prepared statement. ?In Dallas, we will also benefit from a business friendly economic and cultural environment.?

http://fuelfix.com/blog/2016/10/24/jacobs-completes-global-headquarters-moves-to-dallas/
 
Another reason why Pasadena is taxing streaming services? Lol

morekaos said:
Bye-bye another Fortune 500 company...enjoy the lower taxes, less regulation and business friendly environment.  It was nice growing you here...

Jacobs completes global headquarters move to Dallas

Jacobs Engineering Group said Monday it has moved its global headquarters from Pasadena, California to Dallas as planned.

Demetriou said in a prepared statement. ?In Dallas, we will also benefit from a business friendly economic and cultural environment.?

http://fuelfix.com/blog/2016/10/24/jacobs-completes-global-headquarters-moves-to-dallas/
Click to expand...
 
A way bigger motivator is the cost of housing (especially when you put it as a share of income). For Toyota in particular, I think that was a 3x difference between Torrance, CA and Plano, TX. It's also rather difficult to hire any young talent in areas where housing is so expensive. I was recently chatting with some people from SpaceX (junior level engineers) and they are commuting from way inland to be able to afford a house (and have acceptable schools).
This is not something that would be solved by say repealing any lower limit on wages.
 
...or taxes and business climate...

Jacobs doesn?t manufacture or worry about a high minimum wage. High-ranking executives make up most of those moving, and a key draw to them in Texas is its lack of a state income tax, which California is unlikely to emulate. Jacobs won?t say why the HQ is moving; its only response to an inquiry is: Jacobs ?is considering plans to move a portion of its corporate functions from its Pasadena, Calif., location to Dallas later this year, pending a successful real estate process and final approvals for state and local economic development investment.?

...In many ways, Texas offers a better business climate than California, with fewer regulations, touted by its governor on trips to our state aimed at poaching employers. California politicians ignore the trend at their and our peril, and need to work harder to ensure we stay a business-friendly state.

http://www.pasadenastarnews.com/opinion/20160623/with-jacobs-engineering-move-pasadena-must-double-down
 
morekaos said:
...or taxes and business climate...

Jacobs doesn?t manufacture or worry about a high minimum wage. High-ranking executives make up most of those moving, and a key draw to them in Texas is its lack of a state income tax, which California is unlikely to emulate. Jacobs won?t say why the HQ is moving; its only response to an inquiry is: Jacobs ?is considering plans to move a portion of its corporate functions from its Pasadena, Calif., location to Dallas later this year, pending a successful real estate process and final approvals for state and local economic development investment.?

...In many ways, Texas offers a better business climate than California, with fewer regulations, touted by its governor on trips to our state aimed at poaching employers. California politicians ignore the trend at their and our peril, and need to work harder to ensure we stay a business-friendly state.

http://www.pasadenastarnews.com/opinion/20160623/with-jacobs-engineering-move-pasadena-must-double-down
Click to expand...

LOL. Why did you skip that one sentence in between?

But every such move is for its own reasons, and a simple ?too much red tape? analysis would be wrong here.

It also follows with:

But new CEO Steven Demetriou noted California is an expensive place to live. A huge part of Jacobs? business now is petroleum-related, and Texas is oil country.
 
So this is why I paid eight dollars for a gallon of milk today. Thank you Jerry Brown this makes as much sense is the crazy train

California regulates cow farts


Despite strong opposition from farmers, Gov. Jerry Brown signed legislation in September that for the first time regulates heat-trapping gases from livestock operations and landfills.

Cattle and other farm animals are major sources of methane, a greenhouse gas many times more potent than carbon dioxide as a heat-trapping gas. Methane is released when they belch, pass gas and make manure.

"If we can reduce emissions of methane, we can really help to slow global warming," said Ryan McCarthy, a science adviser for the California Air Resources Board, which is drawing up rules to implement the new law

http://www.fox5ny.com/news/220448846-story
 
Ahhh good old moonbeam.  What an idiot...can we please impeach him? 

On a slightly related story, I went to COTA last year to track one of my cars and met some very friendly fellow car nuts like me.  We went out to dinner in Austin and I had the best meat I've ever had in my life which I told them.  One of the guys says to me..."The meat tastes better here in Texas than it does in California because there aren't any liberal cows in Texas."  I couldn't stop laughing after I heard that. 
 
USCTrojanCPA said:
Ahhh good old moonbeam.  What an idiot...can we please impeach him? 

On a slightly related story, I went to COTA last year to track one of my cars and met some very friendly fellow car nuts like me.  We went out to dinner in Austin and I had the best meat I've ever had in my life which I told them.  One of the guys says to me..."The meat tastes better here in Texas than it does in California because there aren't any liberal cows in Texas."  I couldn't stop laughing after I heard that.
Click to expand...

:o
 
Unfortunately, we can't impeach him. Dems hold a super majority in both houses. Believe it or not Governor Moonbeam is the most fiscally conservative and is actually stopping them from spending more money. we are doomed!
 
morekaos said:
Unfortunately, we can't impeach him. Dems hold a super majority in both houses. Believe it or not Governor Moonbeam is the most fiscally conservative and is actually stopping them from spending more money. we are doomed!
Click to expand...

He's the most fiscally conservative Democrat?  Oh man, now that is scary...I'm sure those jokers would love raising pensions across the board and slip the bill to Joe taxpayer. 
 
irvinehomeowner said:
Maybe morekaos will like this news:
http://www.ocregister.com/articles/tax-737245-california-credit.html

Yamaha Corp. of America, the Buena Park subsidiary of the giant Japanese musical instrument and audiovisual equipment maker, agreed to remain in California, rather than move to Texas or Tennessee, after the state granted it a $3 million tax break last month.
Click to expand...
Click to expand...

Maybe I should apply for that tax credit otherwise I'll threaten to take my real estate talents to Las Vegas.  haha
 
You must log in or register to reply here.
Back
Top