California: Good News! Your taxes, tops in the country, are no longer the top reason businesses are leaving the Mr. Vranich has published his annual report on business relocations from California, titled “It's Time for Companies to Leave California's Toxic Business Climate.” Mr. Vranich took his own advice: He moved his business from Irvine, California (the same city I resided in) to Cranberry Township, Pennsylvania. In an article in Western Journal Mr. Vranich notes:
Mr. Vranich cites an example of California's regulatory climate: California's Immigrant Worker Protection Act.
For the record, a federal court would likely enjoin California from prosecuting anyone under this new act based on the Federal Supremacy clause. Still, a business might have to pay a lot in legal fees to deal with this. Alternatively, if you're not in California you don't have to worry about this. Consider: You can stay in California, pay the country's highest state tax rates and deal with a regulatory hellhole, or you can live in Austin, Reno, Las Vegas, Phoenix, Seattle, or Dallas and pay little or no state income taxes and not deal with California's toxic business climate. I made the move seven years ago, and am as happy as ever I've done so. Sure, the weather isn't as nice as in Irvine but I don't deal with California's toxic business climate and the cost of living is lower. Or as I've said before, California: Helping businesses in other states.
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January 2019
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