The Incomplete Cynic

marcovhv: evilteabagger: Guess which one doesn’t have a state income tax. Not saying I dig our taxes here in CA but dude… you need a statistics class. Correlation does not equal causation. They’ll teach you that in the class. But correlation does indicate…correlation. I actually doubt the state income tax has as much to do with it as the drastic differences in the nature of the two state governments. Texas’ corporate environment is far more attractive: property values are lower, cost-of-living - and, as a result, cost-of-doing-business - is lower, and it’s a right-to-work state. All that means it’s easy to do business, and do it profitably. The lack of income tax does help, though, by presumably increasing sales tax revenue as people spend more (because they have more to spend), and increasing business investment (same reason).

marcovhv:

evilteabagger:

Guess which one doesn’t have a state income tax.

Not saying I dig our taxes here in CA but dude… you need a statistics class. Correlation does not equal causation. They’ll teach you that in the class.

But correlation does indicate…correlation. I actually doubt the state income tax has as much to do with it as the drastic differences in the nature of the two state governments. Texas’ corporate environment is far more attractive: property values are lower, cost-of-living - and, as a result, cost-of-doing-business - is lower, and it’s a right-to-work state. All that means it’s easy to do business, and do it profitably.

The lack of income tax does help, though, by presumably increasing sales tax revenue as people spend more (because they have more to spend), and increasing business investment (same reason).