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by lowkeylazers 1369 days ago
serious question: how is this different if you live in the city making X amount and then move to the suburbs where X is now supposedly 2X.

In my head we all pay the dues somewhere in some form to begin with - property taxes, sales taxes, income taxes etc.

It’s one thing if you’re avoiding paying those.

but how is it different that Twitter gets a tax write off to move to the Tenderloin. and if Joe/Jill chooses to move to the suburbs or temporarily move to Mexico while still paying state and federal income tax. sure there maybe some property tax loss but isn’t housing crisis already an issue? don’t company incorporate in Ireland to pay less tax?

2 comments

California has already started to try to tax people leaving, if I remember correctly. Something about the value of investments sold afterwards that appreciated during their time in California.

It's only going to get worse as the differentials increase.

In the US a majority of your taxes go to federal and state governments, whether you live in the city or the suburbs doesn't change where your taxes go and how much you're paying. The cost of living difference in that case is based on micro-economic supply and demand cost differences.

Companies moving to Ireland IMO are definitely exploiting tax loop holes and committing fraud. You and I and all of the countries devoid of tax revenue are hurt by companies benefiting from tax-avoidance loop holes.