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It's crazy how fast the California tax rate scales as you make more. The difference between like 50k, 100k, 150k and 200k alone is wild. Each step the rate scales so fast
It is wild that California has 5 steps to $66,295. After that the groupings are huge. Very interesting.
Yeah the tax rate scales up so fast
Translation: "WAAAHHHH I'm only making 35K more!!!!!"
Taxes are not free of side effects
True. Those side effects being things like Health Care, Roads, Schools, First Responders, etc...
Unfortunately, California is facing a massive budget deficit and cuts to all those programs due to people moving away
Yup. The folks that over relied upon office building taxes are indeed learning they should have seen it coming. Your point remains irrelevant however as those services shall still exist in CA while still not existing in TX.
The state doesn't rely on office building taxes
No, they rely upon taxing the landlords rent. Are you really this dense?
What? The vast majority of state income is from income taxes.
And the landlord's rent is what?
Depends on what the landlord is. Could be stock dividends, could all go towards more investment.
I'm sorry, I didn't realize I needed to list every single landlords profit and loss statement to point out that landlords make income via rent.
Your fail is not as clever as you think you are.
What? The cause of the shortage is well known and its not from landlords making less money lol
Incorrect. Office space has a about 30% occupancy rate and that is eating up budgets because the Taxes are only collected on occupancy since only profits are Taxable.
This shortage is a state shortage. I think you are getting city/local tax shortages mixed up with state shortage.