May 15, 2014
Take-home pay is bigger in Texas, too
Considering the high cost of operating in the Golden State, Toyota's move from California to Texas will save big. It is not just the company that will save on taxes and various other costs.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Considering the high cost of operating in the Golden State, Toyota's move from California to Texas will save big. It is not just the company that will save on taxes and various other costs. Toyota's California-based employees who move also stand to reap big tax savings. After all, while California's tax rate now tops out at 13.3 percent, Texas has no state income tax.
The National Center for Policy Analysis released a ...
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