[misiti3780]

Here is the thing though - it's not just a "few extra points".

By my calculation its 13.3% more living in California in state income tax savings alone. That is a huge amount of money for Elon, but is also a huge amount of money for people working on a SV salary. It could be more than a mortgage payment. There are probably additional savings with less regulation etc

California is not a state anyone should want to do business in in 2020.

[reducesuffering]

That's a disingenuous representation of how much extra state income taxes are paid. 13.3% is the rate for single income above $1,000,0000. A richly paid SV worker making $500k single pays 8.75% to the state of CA effectively.[0]

[0] https://smartasset.com/taxes/california-tax-calculator#6NtLs...

[misiti3780]

Fair, then maybe we can agree on the following:

"If your household income is > 1MM and you live in California, it is not surprising that you would want to leave"

[ohazi]

> for people working on a SV salary

Most Californians don't get to keep their SV salary when they move to Texas.

[misiti3780]

What data are you basing that on - Austin is not cheap, and it's probably getting a lot more expensive now that everyone is moving there.

[pchristensen]

I looked at Austin a few years ago, and after seeing the salaries I could find vs the cost of housing for 5 in a highly rated school district, I didn't even apply anywhere.

[bayesbot]

I'm guessing it's a good option if you already have a good amount of home equity from a higher paying area though.