https://www.yahoo.com/video/everything-bigger-texas-includin...
But basically the higher property taxes and additional taxes and fees that Texan's pay on consumption, like energy taxes, end up more than making up for the lack of income tax, unless you're a top 1% earner (which is somewhere around $700k/yr). Energy tax is a big one because Texan's use a lot more energy since they have hotter summers and colder winters.
So if you're a top 1% or more, you save at least 4X in taxes. I'm sure you come out on top in TX financially for the vast majority of people reading this site, $100k+ earners. Everyone I know that moved to Austin from CA did so to avoid paying taxes on cashing out stock options.
And a lot of those people are now moving back after that one time tax savings. Heck even Elon is moving back.
> So if you're a top 1% or more, you save at least 4X in taxes
Only income taxes, but property and energy taxes are still higher.
Even at the lower rate, the property taxes on the Cupertino house alone dwarf any tax difference they would pay for a comparable lifestyle in Austin [1].
To be blunt, but it looks like you deliberately chose a misleading comparison to push the narrative you already settled on. That's below the standard I've come to expect of your comments.
[1] Here's a $3.2m Cupertino home, which shows $40k/year in property taxes. A comparable home in Austin for the $700k the parent mentioned would have ~$14k/year in property taxes. https://www.realtor.com/realestateandhomes-detail/21467-Krzi...
So, paying the $2.5 million ... to pay $26k/year more just in property taxes.
The cost of shelter for an Apple employee in Cupertino is what, 3.5x the cost of shelter for an Apple employee in Austin? Nuts.