Another VERY high paying company leaving California
California is losing another high paying firm to a tax-free state. This company is so rich that it pays EVERYONE who wears its corporate uniform AT LEAST a big six figure income. Some get 7 or 8 figure annual incomes.
That departing company is (currently) known as the Oakland Raiders. Soon to be known as the Las Vegas Raiders. Or perhaps the Nevada Raiders.
Are taxes the only factor? Nope. But a zero percent state income tax will make recruiting high quality free agents much easier for the Raiders than the current “enticement” of paying a 13.3% California state income tax — a tax that in essence will become a permanent tax after the November election. Moreover, rich young men would doubtless prefer to be in glitzy Las Vegas than in decaying Oakland.
And let us not forget the 0% Nevada CORPORATE state income tax. The CA corporate income tax is 8.8% —… Read More