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Texas Attracted California Techies. Now It’s Losing Thousands of Them. (www.texasmonthly.com)

submitted 6 months ago by [email protected] to c/technology

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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.

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[–] [email protected] -4 points 6 months ago

Ugh I’m sorry. I started trying to make sense of it and then somehow confused myself into thinking it was a % share of total - as if each side added to 100%. Nevermind, I was wrong.

Anyhow, back to the chart - it simply makes no sense in that case. I would need to take a look at the underlying to tell me how the bottom 20% pay 13% of income to taxes in a state with 0% income and 6.25% sales tax. Only thing left is property tax (according to chart it’s those 3).

Yes I realize small local sales taxes may apply, but is a max of 2%.

How much property does this bottom 20% own?!