2/12/2013

More evidence that taxes effect behavior: Companies leaving California because of its high taxes and regulations

Remember these are just firms that are talking about moving to Arizona.  There are lots of other states that are more attractive to California companies, which has not only the highest income tax rate but also the highest sales tax rate and a huge regulatory burden.  So much for the revenue predictions made for California's tax increases.  From KCRA in Sacramento:
KCRA 3 has learned of nearly two dozen firms now planning to say goodbye to some of the highest taxes in the nation. 
It’s all part of a campaign launched by one of California’s neighboring states, the day after Proposition 30 passed, which triggered billions of dollars in new taxes. . . . .

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1 Comments:

Blogger Martin G. Schalz said...

Hmmmm. Higher taxes on companies are passed onto consumers in the form of higher prices. Higher prices make it harder to compete with out of state companies. Why hang around?

Also, does not anyone even contemplate what happens to taxable state income when jobs are leaving the state? My bad... They just raise income taxes on a dwindling work force in order to maintain the state coffers!

2/13/2013 11:50 AM  

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