Mr Khan said:
Because of momentum and other such things. If you're a tech sector company, you have to weigh California's tax code against the fact that all the other tech sector companies are there, so it's easier to find experienced people who you won't have to pay relocation fees for, and have all the expertise you could want local and immediately accessible. Plus it's hard to convince people to move from a place like California to a place like, say, Oklahoma. The lower cost of living doesn't make up for the fact that a lot of the red states are cultural wastelands. |
Still this tax is basically a giant middle finger and dare to Silicon Valley.
If I were Nevada I would put a BIG push at Silicon Valley companies to move to Reno. No state taxes, you can actually trust the government to keep their word and it's only 4 hours away from those who stay at SV.








