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Bye Bye Taxes, Bye Bye California

they will never learn and we wonder why companies continue to go elsewhere and ship jobs overseas.

my company moved it's corporate head quarters to London.
why? tax savings.

the corporate rate there is 20% vs 35% here in the US+ local taxes.
a 15% savings on a billion dollar company is huge.

but hey lets tax them more right.
moronic nonsense that plays to the lcd of people.

I had applied for a job in santa monica but it didn't go through and I am kinda glad it didn't.
it was a 6 figure job but after taxes I would probably be making half of that.
 
2015 Corporate tax rates - California

Entity type

Tax rate


Corporations other than banks and financials ... 8.84%
Banks and financials ................................... 10.84%
Alternative Minimum Tax (AMT) rate ............ 6.65%
S corporation rate ..................................... 1.5%
S corporation bank and financial rate ............ 3.5%


Not sure where they got the 13% figure from. The 13% tax rate is only for personal income over $1,000,000
 
Critter7r said:
2015 Corporate tax rates - California

Entity type

Tax rate


Corporations other than banks and financials ... 8.84%
Banks and financials ................................... 10.84%
Alternative Minimum Tax (AMT) rate ............ 6.65%
S corporation rate ..................................... 1.5%
S corporation bank and financial rate ............ 3.5%


Not sure where they got the 13% figure from. The 13% tax rate is only for personal income over $1,000,000
Click to expand...

some of their numbers are weird but that is IBD for you.

Editorial: High cost of doing business in California - The Orange County Register

however the point is on target. CA is a train wreck to open any type of business there.

it could be as well that the owners and CEO along with other staff are tired of paying those huge taxes on
their personal income as well.

save the business and themselves money is a win-win move.
 
ludin said:
some of their numbers are weird but that is IBD for you.

Editorial: High cost of doing business in California - The Orange County Register

however the point is on target. CA is a train wreck to open any type of business there.

it could be as well that the owners and CEO along with other staff are tired of paying those huge taxes on
their personal income as well.

save the business and themselves money is a win-win move.
Click to expand...

A 30 second Google search turned up both the table I posted above and this one :

For single and married filing separately taxpayers:
•1% on the first $7,850 of taxable income.
•2% on taxable income between $7,851 and $18,610.
•4% on taxable income between $18,611 and $29,372.
•6% on taxable income between $29,373 and $40,773.
•8% on taxable income between $40,774 and $51,530.
•9.3% on taxable income between $51,531 and $263,222.
•10.3% on taxable income between $263,223 and 315,866.
•11.3% on taxable income between $315,867 and $526,443.
•12.3% on taxable income of $526,444 and above.

A 1% surcharge, the mental health services tax, is collected on taxable incomes of $1 million or more, making California's highest marginal rate 13.3%.

For married people filing joint returns and heads of households, the rates remain the same, but the income brackets are doubled.

Surely getting the rate info correct couldn't be that difficult. The only conclusion I can draw from their incorrect info is that it was intentional. And as such, the effects of their intentionally misleading info must also be bogus.

After all, where's the article talking about what a ****hole Missouri is since they're moving another of their headquarters from St. Louis to Tennessee?
 
Critter7r said:
A 30 second Google search turned up both the table I posted above and this one :

For single and married filing separately taxpayers:
•1% on the first $7,850 of taxable income.
•2% on taxable income between $7,851 and $18,610.
•4% on taxable income between $18,611 and $29,372.
•6% on taxable income between $29,373 and $40,773.
•8% on taxable income between $40,774 and $51,530.
•9.3% on taxable income between $51,531 and $263,222.
•10.3% on taxable income between $263,223 and 315,866.
•11.3% on taxable income between $315,867 and $526,443.
•12.3% on taxable income of $526,444 and above.

A 1% surcharge, the mental health services tax, is collected on taxable incomes of $1 million or more, making California's highest marginal rate 13.3%.

For married people filing joint returns and heads of households, the rates remain the same, but the income brackets are doubled.

Surely getting the rate info correct couldn't be that difficult. The only conclusion I can draw from their incorrect info is that it was intentional. And as such, the effects of their intentionally misleading info must also be bogus.

After all, where's the article talking about what a ****hole Missouri is since they're moving another of their headquarters from St. Louis to Tennessee?
Click to expand...

why is that people refuse to read what people post then rant about crap that was never said.

I said that their numbers didn't look what did you miss that in the post or just ignore it?

however their main point stands.
between probably corporate taxes and personal taxes they are leaving CA.

if you also would have read the article they are consolidating all their corporate headquarters into 1 building.
which is going to be in Nashville TN. nice area by the way I liked it there.
 
As my mom taught me when I was young......"What good is your self worth when you are giving it away for free?" There's always a price to pay. States with big corporate welfare handouts almost always have the worst education and healthcare systems among the states.
 
disneydude said:
As my mom taught me when I was young......"What good is your self worth when you are giving it away for free?" There's always a price to pay. States with big corporate welfare handouts almost always have the worst education and healthcare systems among the states.
Click to expand...

No, California and the US in general just has too high of of a corporate tax rate. Having a lower tax rate is not a corporate welfare handout. Are you saying that Canada, Ireland, the UK, and the Netherlands have horrible healthcare and education?
 
disneydude said:
As my mom taught me when I was young......"What good is your self worth when you are giving it away for free?" There's always a price to pay. States with big corporate welfare handouts almost always have the worst education and healthcare systems among the states.
Click to expand...

Not taxing someone is not a "handout". :roll:
 
disneydude said:
As my mom taught me when I was young......"What good is your self worth when you are giving it away for free?" There's always a price to pay. States with big corporate welfare handouts almost always have the worst education and healthcare systems among the states.
Click to expand...

Why do you think California has so many problems with their educational system?
 
Carjosse said:
Well it depends, if they make a deal with the government to pay no tax then that is a corporate handout.
Click to expand...

No, it's not. Only in liberal lala land is allowing people to keep their own money a "handout". :roll:
 
Critter7r said:
2015 Corporate tax rates - California

Entity type

Tax rate


Corporations other than banks and financials ... 8.84%
Banks and financials ................................... 10.84%
Alternative Minimum Tax (AMT) rate ............ 6.65%
S corporation rate ..................................... 1.5%
S corporation bank and financial rate ............ 3.5%


Not sure where they got the 13% figure from. The 13% tax rate is only for personal income over $1,000,000
Click to expand...

Local Tax probably. Not to mention Sales tax and the property taxes and all the rest. It adds quick. I am getting ready to flee myself.
 
disneydude said:
As my mom taught me when I was young......"What good is your self worth when you are giving it away for free?" There's always a price to pay. States with big corporate welfare handouts almost always have the worst education and healthcare systems among the states.
Click to expand...

California has corporate welfare?? Hollywood is the only corporate welfare I know of in the state. Oil and farming where I am at don't get those breaks. They are lucky they are still tolerated, and that's even becoming less as the ag companies are starting to pack it in as well as the oil companies. The central valley is slowly turning in to what the Appalachians used to be, dirt poor.
 
ludin said:
why is that people refuse to read what people post then rant about crap that was never said.

I said that their numbers didn't look what did you miss that in the post or just ignore it?

however their main point stands.
between probably corporate taxes and personal taxes they are leaving CA.

if you also would have read the article they are consolidating all their corporate headquarters into 1 building.
which is going to be in Nashville TN. nice area by the way I liked it there.
Click to expand...


My bad, I should have pointed out that I was sort of rebutting only your point about the CEO and staff tired of paying "those huge income taxes" by posting the personal income chart. Everyone cries foul over CA's income taxes, but quite honestly, they're pretty low for anyone making less than median wage, and not prohibitive for those making 2 or even 5 times median income.


Using the chart above, the total state income tax on ...

$51K = $2,269 or 4.4%
$100K = $6,776 or 6.8%
$260K = $21,956 or 8.3%

And yes, I read in the article about the consolidation of offices, but the article says that the company says they're consolidating "with a wink", as if it isn't true. If it weren't true, why would they say it? What benefit does Carl's Jr derive from not proclaiming that they're leaving for lower tax rates?

I admit I didn't click the link you provided though.
 
PirateMk1 said:
Local Tax probably. Not to mention Sales tax and the property taxes and all the rest. It adds quick. I am getting ready to flee myself.
Click to expand...

CA ranks 44th when it comes to business friendliness. it has done so 10 years in a row placed almost last.
TX has ranked number 1 which is why TX is becoming one of the most booming states in the country for business openings.

same with FL. business friendly environments have caused more jobs to come into the area.
all good paying high paying jobs.
 
I think liberals look at the world through one of those funny mirrors at amusement parks.
 
ludin said:
they will never learn and we wonder why companies continue to go elsewhere and ship jobs overseas.

my company moved it's corporate head quarters to London.
why? tax savings.

the corporate rate there is 20% vs 35% here in the US+ local taxes.
a 15% savings on a billion dollar company is huge.

but hey lets tax them more right.
moronic nonsense that plays to the lcd of people.

I had applied for a job in santa monica but it didn't go through and I am kinda glad it didn't.
it was a 6 figure job but after taxes I would probably be making half of that.
Click to expand...


State income tax on $100k is less than $7k

Federal income tax on $100k is over $21k

FICA on $100k is $7600ish

Yeah, I'd have skipped out on that 6-figure job over a $3k savings too. :roll:
 
Critter7r said:
State income tax on $100k is less than $7k

Federal income tax on $100k is over $21k

FICA on $100k is $7600ish

Yeah, I'd have skipped out on that 6-figure job over a $3k savings too. :roll:
Click to expand...

you seriously don't read.
I never skipped it. I was missing 1 thing they were looking for. I didn't have enough gaming experience.
other than that the director of the department said I had everything else.

although I still could have done it.
but CA is a disaster of a state I am glad I didn't get it.
that isn't all. there is the cost of living and santa monica is expensive.
 
Last edited:
MTAtech said:
So, their employees and executives, who were enjoying Sacramento have to now either move to Nashville or quit.

The article also said that Hardies was moving from St. Louis, Missouri, to Nashville, Tennessee.
Click to expand...

Wouldn't have to move at all if California hadn't taxed them to death. It is California's fault, not the businesses.
 
MTAtech said:
So, their employees and executives, who were enjoying Sacramento have to now either move to Nashville or quit.

The article also said that Hardies was moving from St. Louis, Missouri, to Nashville, Tennessee.
Click to expand...

Well if it is like most other companies the actual headquarters is not going to move, just the legal address of that headquarters.
 
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