Stripe Will Pay Workers $20k to Leave New York and San Francisco

Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by apexalpha on Friday October 02, 2020 @04:55AM (#24660561)

Sure, but you generally don't buy a new iPhone or Honda Civic every month, while your mortgage/rent is due every month again.

Furthermore, it is not only housing cost that is lower outside major cities. Your hairdresser also has higher rent in a major city, as do her suppliers. There's more traffic so goods take longer to deliver. This is besides the fact that other states/places can and often do have lower taxes on goods than major cities. So your iPhone might actually be cheaper as well.

Everything is more expensive in a major city because everyone has more expenses and passes those on.

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by lsiebert on Friday October 02, 2020 @06:59AM (#24661294)

Sales taxes generally go up in states with low income taxes fwiw.

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by Zach_the_Lizard on Saturday October 03, 2020 @08:33AM (#24671576)

A lot of the high tax states have high taxes in multiple categories. Moving to a high sales tax, low income tax state might actually "reduce* your sales tax.

NYC, where I live, has an 8.875% combined sales tax. And a high income tax.

Texas, meanwhile, has a maximum combined rate of 8.25% and no income taxes. High property taxes.

Moving to Texas would cut the sales tax I pay.

[ Parent | on HN ]

Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by Der_Einzige on Friday October 02, 2020 @05:23AM (#24660694)

People finance their cars, and increasingly even their phones these days. You DO make monthly payments on your car (and sometimes your phone)

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