The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

  • hperrin@lemmy.worldEnglish
    1171·
    6 months ago

    Also, just because Texas doesn’t have income tax doesn’t mean you don’t pay taxes. Your taxes come from other places, like property tax, and they don’t provide you with a great living experience like they do in California.

    • wjrii@lemmy.worldEnglish
      63·
      6 months ago

      The article even addresses this. Texas Monthly in general is a good gauge of the “44%” of Texas that isn’t crazy, or at least is crazy in the silly fun way.

      Meanwhile, Texas is not a low-tax, low-service state, as is commonly held. It’s a high-tax, low-service state: we may have no income tax, but at least one study found that we have one of the ten highest total tax burdens in the nation, with property taxes making up most of the gap. The quality of state services, however, has not improved commensurate with the growth of state budgets.

    • scarabic@lemmy.worldEnglish
      11·
      6 months ago

      I’m in CA and while state taxes exist, they are a really small part of the taxes I pay. It’s such a small amount, i can’t imagine anyone moving to motherfucking Texass to escape them. Unless they already want to go.

      • hperrin@lemmy.worldEnglish
        15·
        6 months ago

        It’s the CEOs that want to go. They try to drag everyone else with them. Then when half the talent doesn’t go, and they can’t find enough talent there, they realize why they were in California in the first place.

    • moitoi@lemmy.dbzer0.comEnglish
      5·
      6 months ago

      Isn’t Texas built on the same letters as taxes? They need money to run the state or print it (what is a bad idea anywhere).

      Texas promotes itself with the no income taxes, but what the state provide afterward is another story. People believe in the argument and discover the reality. Your neighbor backyard isn’t greener. If you cut a tax, you either take the money somewhere else or cut your expense. People discover that paying taxes provides some benefits…