Re:Why startups are leaving Silicon Valley
by seanmcdirmid on Thursday August 30, 2018 @09:51AM
(#17876675)
Rent is the iceberg. Taxes are not much higher than many other places, entertainment costs are very similar to other locales. Cars, computers, international travel, groceries, cost about the same.
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Re:Why startups are leaving Silicon Valley
by jessaustin on Thursday August 30, 2018 @12:26PM
(#17877985)
State and municipal taxes are much higher than a significant number of USA states and municipalities. Federal taxes are progressively based on income, which is higher in the Bay Area but for this reason its contribution to overall welfare is not that much higher.
Re:Why startups are leaving Silicon Valley
by seanmcdirmid on Thursday August 30, 2018 @12:30PM
(#17878040)
True, but those are all marginally higher, not substantially higher. Rent is the only thing that is really high, taxes are kind of meh in California, heck I moved from LA to Seattle and saw my tax bill just shift around a bit.