The tax loss for Kalifornia will be substantial.
While Musk may avoid personal taxes no matter where he lives because of annoying depreciation schedules and other mechanisms, having the gross receipts from Tesla land in Texas is a nice middle finger to the leftists here in Kalifornia.
I highly doubt Texas had to offer any additional incentives to lure him there.
Meanwhile, Gruesome and his fellow felons in Sacramento are raking in the tax $’s on each gallon of gasoline bought in California.
Maybe that is the reason he is hated by Gruesome and his fascist thugs, aka democrats. Teslas don’t use much gasoline.
Here’s what’s on the tax side of the ledger on gasoline in Californicator You land:
The federal government charges an excise tax of 18.4 cents per gallon.
California’s excise taxes on gasoline come to 50.5 cents per gallon. That includes 12.7 cents per gallon from the controversial Senate Bill 1 that became law to improve infrastructure and develop transportation programs across the state.
Plus, there’s a state sales tax. It can vary by area but the Stillwater analysis estimated the sales tax averages 10.7 cents per gallon.
Every time gas prices go up in Californicator You land, Gov. Gruesome brings in another 11 cents for each $ increase.
Put together, Californians pay 79.6 cents per gallon in gas taxes.
Yeah the gas tax is the worst and when coupled with sales tax takes an knowingly heavy toll on those struggling to get by.
Most unwittingly vote Democrat anyway.and I fault the California GOP for not being a able to capitalize on the obvious.