Time for another Texas vs. California roundup:
Why Texas is awesome:
First, there is no state income tax in Texas. Some people know this and some don’t—few really grasp what it means practically. It means that if you make decent money and decide to move here and rent something affordable, it’s essentially free to live in Texas. If you make $150,000 a year, your state income taxes in California are roughly $12,000 per year (in NYC it’s closer to $15,000). Or, you can put a thousand bucks a month toward your rent here. If you decide to buy, property taxes are high—but what you get for the money more than makes up for it. My editor at the Observer recently tried to cajole me into coming back to New York. Our house now—which has its own lake and is 29 minutes from the airport which never has lines—costs less than the rent we were paying for our lofted studio apartment in Midtown. Are you kidding?
Also note the mention of walk-in gun safes…
(Hat tip: Borepatch.)
600,000 Californians have moved to Texas since 2009.
Another take on that data: “5 Million People Left California Over the Past Decade. Many Went to Texas.”
Austin and Houston are the top two relocation destinations in the country.
$15 billion for a fish tunnel?
“The average full-career California teacher receives a pension benefit equal to 105% of their final earnings. CalSTRS CEO says the plan isn’t generous enough.”
In 2012, Los Angeles passed some modest pension reforms for newly hired employees. Surprise! A new union contract undoes those reforms. (Hat tip: Pension Tsunami.)
California, like Texas, has a homestead exemption built into their bankruptcy laws. Unlike Texas, California’s exemption doesn’t actually protect debtors.
The FBI raided Palm Springs’ city hall as part of a corruption probe.
Mining company suspends operations at California mine because rare earths aren’t.
Chief of tiny California fire district to have his $241,000 pension cut. (Hat tip: Pension Tsunami.)
Enviornmental idiocy and California’s drought.
Texas’ 2016 Fiscal Year started September 1st. “Several taxes that were eliminated on September 1 include the Inheritance Tax, Oil Regulation Tax, Sulphur Regulation Tax, Fireworks Tax, Controlled Substance Tax Certificates, and the Airline/Passenger Train Beverage Tax.”
Meanwhile, California’s legislature is trying to raise gas and tobacco taxes.
Elderly poverty in California.
Evidently California’s Democratic politicians stay up late at night devising ways they can make the state go broke even faster. The answer: Host the Olympics again.
Korean-owned businesses in LA consider relocating to El Paso. “Kim makes the case that El Paso, once home to plants for denim companies including Levi’s and Wrangler, has abundant skilled laborers, fewer regulations, much cheaper rent and direct flights from Los Angeles.”
A cartoon via IowaHawk’s twitter feed. That is all.
Tags: Austin, California, CalSTARS, Crime, Democrats, El Paso, environmentalism, Houston, Los Angeles, migration, Olympics, Palm Springs, Regulation, Texas, unions, Welfare State
This entry was posted on Tuesday, September 8th, 2015 at 9:12 AM and is filed under Crime, Democrats, Regulation, Texas, unions, Welfare State. You can follow any responses to this entry through the RSS 2.0 feed.
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