55 replies to this topic

[ducky]

They want to be more centric in the United States, but on TV the spokesman also cited the cost of doing business in California contributed to part of the reason for moving the headquarters from Folsom.

At a time when we should be doing all we can to encourage these types of jobs to stay, we are pushing them away.
Makes no sense to me.

[Dave Burrell]

They want to be more centric in the United States, but on TV the spokesman also cited the cost of doing business in California contributed to part of the reason for moving the headquarters from Folsom.

At a time when we should be doing all we can to encourage these types of jobs to stay, we are pushing them away.
Makes no sense to me.

We'll be seeing a lot more businesses moving out of state due to the way our gov't is taxing businesses to death and forcing them to move away.

[Steve Heard]

Anyone know how many jobs we're going to lose? I hate to see us lose any.

[4thgenFolsomite]

Anyone know how many jobs we're going to lose? I hate to see us lose any.

I think I heard 180 jobs in Folsom mentioned.

[SunshineServices]

I think I heard 180 jobs in Folsom mentioned.

Ron Mittlesteadt mentioned that upwards of 90% of his staff are also moving. I find that hard to believe, I lived in TX for a few years. Yikes!

[ducky]

Anyone know how many jobs we're going to lose? I hate to see us lose any.

On the news story he mentioned 130 jobs were leaving the state but 95 percent of the employees were keeping their jobs but moving to Texas. I also read 200 jobs are being lost in another print story online. Like you said, I hate to see any jobs go away.

[bordercolliefan]

We'll be seeing a lot more businesses moving out of state due to the way our gov't is taxing businesses to death and forcing them to move away.

Are there facts to back this up? I haven't seen a comparison of California business taxes to other states.

I do think California is very regulation-heavy -- judging from the size of the code books I deal with in my work.

[ducky]

Are there facts to back this up? I haven't seen a comparison of California business taxes to other states.

I do think California is very regulation-heavy -- judging from the size of the code books I deal with in my work.

Here's one where we have gone from 48th ranked to 49th, but I think you are right about the regulations as well so it's the double death of business in California.

http://www.taxfoundation.org/taxdata/show/22661.html

Here's another article that kind of compares why we are losing businesses. It's not just the business corporate tax we are losing. I also look at the state income tax we lose from the employees that are leaving and the sales taxes they paid for the business they did in town.

http://www.realclearpolitics.com/articles/2011/06/13/the_texas_example_110182.html

[Thinkingoutloud]

We'll be seeing a lot more businesses moving out of state due to the way our gov't is taxing businesses to death and forcing them to move away.

I coulnd't let this comment go...I think you will al be as surprised as I was...

Corporations would have you believe this is true but guess what? it's not! Buried on the Sac Bee alst week was an aritlce how one of our largest businesses, Intel, paid $0 in taxes last year. Some even got $$ back! It's all how you use those deductions and deprecaition I guess.


December 7, 2011
Report says big California corporations paying little in state taxes
California's major corporations have rung up hundreds of billions of dollars in profits in recent years, but have paid only a few percentage points of those profits in income taxes here and in other states, according to a new nationwide study by several liberal organizations.



Read more: http://blogs.sacbee....tate-taxes.html

[femmesavante]

I actually heard through the grapevine that landfill issues in CA are a big reason they are choosing to move.

[nomad]

The CEO of Intel said earlier this year that Intel paid over a billion dollars in taxes last year. Federal taxes maybe? I find it hard to believe 0 State taxes were paid.

He also said Intel would never build another facility in Ca again and that's a very true statement. All of the new foundries have been going to Oregon, Arizona, and New Mexico. Kind of sad that the cornerstone of the silicon valley cannot expand here huh?

So while you may bash Intel for (legally and supposedly) not paying any State taxes at least they are creating jobs for the U.S. IN the U.S.

It's the State of Ca that is at fault for driving big business away.

[Thinkingoutloud]

The CEO of Intel said earlier this year that Intel paid over a billion dollars in taxes last year. Federal taxes maybe? I find it hard to believe 0 State taxes were paid.

He also said Intel would never build another facility in Ca again and that's a very true statement. All of the new foundries have been going to Oregon, Arizona, and New Mexico. Kind of sad that the cornerstone of the silicon valley cannot expand here huh?

So while you may bash Intel for (legally and supposedly) not paying any State taxes at least they are creating jobs for the U.S. IN the U.S.

It's the State of Ca that is at fault for driving big business away.

No one is bashing Intel, so please don't go all confrontational on me and purposely esclate an issue that doesn't need to be.

I work for Intel and I was in the room when our CEO said that statement. I am (smartly) questioning whether this is a matter of crying wolf or not. It's probably a gray area - some truth to beoth sides. There are cases where they do pay too many taxes, and yet other areas where they may milk the "woe is me" a bit too much.
Interesting commentary on NPR today that said the middle class pay proportionally more taxes than the rich, I see no reason why you can transcribe that to business and see small business paying proportionally more than corporations with their fancy tax lawyers.

I actually heard through the grapevine that landfill issues in CA are a big reason they are choosing to move.

That makes a lot of sense to me. We have some of the strictest EPA laws, and Texas some of the loosest. But...they are not quitting doing business in CA, just moving headquarters, right? So where the ladfills are doesn't really matter, right?

[SunshineServices]

But on the bright side you can soon get a nice little house in EDH that has 13 toilets!!

[4thgenFolsomite]

But on the bright side you can soon get a nice little house in EDH that has 13 toilets!!

how many of them are indoors?

[femmesavante]

That makes a lot of sense to me. We have some of the strictest EPA laws, and Texas some of the loosest. But...they are not quitting doing business in CA, just moving headquarters, right? So where the ladfills are doesn't really matter, right?

I am not sure of the details but will try to find our more. My husband is friends with a person in management there and told me the story though admittedly, I only "heard" bits and pieces. They are moving him to Austin in February.