Re:How to Earn a Billion Dollars
by ceejayoz on Sunday June 14, 2026 @06:02PM
(#48533293)
Why did he pick one of the highest tax jurisdictions in the country to do it "in the first place", then?
[ Parent
| on HN ]
Taxes in California are quite low. That's why I moved here and purchased property.
https://taxfoundation.org/data/all/state/state-income-tax-ra...
> Top marginal rates span from 2.5 percent in Arizona and North Dakota to 13.3 percent in California. (California also imposes a 1.1 percent payroll tax on wage income, bringing the all-in top rate to 14.4 percent as of 2024.)
Am I missing something?
> Am I missing something?
Yes. Literally an entire lifetime of context.
I'm not sure any amount of context is going to make your assertions that average Americans can put $140k in savings annually, that the Census doesn't account for pre-tax income, that Musk moved to CA for its low taxes etc. make any sense.