Free Republic

A new survey throws cold water on a popular pandemic storyline about a mass exodus from Silicon Valley. Of the startups that moved, 12% relocated to Texas, 21% moved to New York, and 21% to other areas of California. Notably, Austin, Texas was not the city with the most significant growth in startups: Denver, Colorado did, at 21% growth. Despite the financial stressors of the pandemic, the survey found that venture capital investment in 2020 was up over 2019 by 4%. And, Telstra added "Dallas and Fort Worth that had VCs' attention, with a 66% boost in the number of...

California's registered domestic partners should report their pay on federal tax forms the way single people do, rather than using methods available to married couples, according to an internal memo the Internal Revenue Service released Monday. The clarification is the first guidance from the IRS in the wake of a sweeping state law that took effect in 2005, giving gays and lesbians many of the rights of married couples. The news should ease the confusion facing the state's 71,000 partners with the April 17 tax-filing deadline just weeks away. But the federal agency's response wasn't the answer that gay and...