brett636
Well-Known Member
All states get there money somehow, instead of focusing just on the income tax you should look at the overall tax burden, which includes sales tax, real estate tax, etc. Texas is at 8.4% and California is at 10.5%, so about a 2% actual difference. I don't really want to live in either state for reasons that have nothing to do with the tax rates, but if you held a gun to my head I would probably go with Ca. The difference in tax burden between the states just isn't big enough to be a deciding factor for most people, if it was we'd all be looking for work in Alaska .
If I were opening up a business, and I could open it up anywhere in this country it would be in a state with no income tax. That 2.1% may not mean much to an individual, but to a business that is 2.1% more profit. Businesses mean jobs. Jobs mean economic growth.