Hacker News Reader

This part from Paul Graham on his own move was eye opening:

"After we'd been in England for several years, I asked the people who do our taxes to check, and they told me that I actually saved money by moving to England. That's how high California state taxes are already."

View on HN

Yeah sounds like he was really scrimping.

I have a lot of UK employees and the tax system is quite strange compared to US. One of them described it to me as a "great place to already be rich".

If you make under say $200-250k, you pay way way higher taxes in the UK. Above that, if you are in a high tax US city/state .. US total fed/state/local taxes start to pull well ahead at the $500k & $1M income levels.

Seems like a defect.

I wonder how he figures that. I'm well paid and my CA taxes are 1/3 as much as my Federal taxes. Especially in the current regime, CA taxes are not first my point of complaint.

This just reinforces my opinion that we shouldn't listen to billionaires about anything.

Reply on news.ycombinator.com