Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Elon Musk moves to Texas

ktvu.com

Post reply on HN
Print view View original

361–370 of 1001 posts

Re: Elon Musk moves to Texas

#361

Post by scop »

JKCalhoun wrote: post #298
scop wrote: post #195

Earlier quoted context omitted.

We will be moving out of CA in the coming months. We are lifelong residents. We are leaving due to cost of living and especially quality of life for our children.

Yes, you and poster you're replying to mention "quality of life". What does that mean? A cynic would see this as a dog-whistle for "too many Asians/Hispanics/foreigners". (And I have actually heard a white person here in California say that about the schools.) I suspect though you mean something else.

See my reply on a parallel comment. I will be moving to a more diverse area.

It's remarkable how "I don't like the Bay Area" translates so easily to "racist dogwhistle".

Quality of life means things like:

- "there are children in my neighborhood"

- "I don't need to keep looking over my shoulder at the playground with my children"

- "I can get a 15-yr mortgage on a house that is 2000 sqft, be financially stable, and safely deal with recurring large medical expenses that we will always have due to pre-existing conditions"

Re: Elon Musk moves to Texas

#362

Post by anonymousDan »

techsupporter wrote: post #220
S_A_P wrote: post #158

Pretty interesting to see this move makes people so salty. There does seem to be a trend of people fleeing California, I dont know enough about the situation out there to comment on whether or not its valid. I suspect something must be going on for several high profile folks moving out. And before you bash Texas, its not perfect. But its pretty diverse, and it seems that folks with opposing viewpoints can still coexi…

My birth certificate says "Texas" across the top and people have been "fleeing California" to Texas for as long as I've been alive. There's nothing special about Musk; he just happens to be high-profile about it and managed to extract more from California before decamping to a "cheap" state than several of those who came before him. I disagree with your assessment that Texas has wide acceptance for opposing viewpoint…

You really think the story is any different in many parts of California?

Re: Elon Musk moves to Texas

#363

Post by ghaff »

toast0 wrote: post #284
beowulfey wrote: post #200

Earlier quoted context omitted.

Why do you still pay taxes in California? Do you have a residence there?

If you have RSUs that were in while you were working in California or a resident of California, the Franchise Tax Board claims a portion of the income as California source when (if) they finally vest. That could be years later, when you're no longer a resident. If you move from California to another country, and are subject to US Federal Income tax, and don't qualify for an exemption, the Franchise Tax Board still co…

In this case, one also assumes that Musk will continue to spend a fair bit of time in the state. Low-profile people can usually get off with just paying taxes in their home state even though they spend a lot of their time at company offices, conferences, etc. elsewhere. But presumably there is some threshold beyond which you're supposed to be filing taxes in other locales.

Re: Elon Musk moves to Texas

#364

Post by hguant »

gok wrote: post #180
menssen wrote: post #94

Earlier quoted context omitted.

Finance YouTuber Graham Stephen recently made a big deal out of moving from Los Angeles to Vegas because the tax savings more-or-less paid for a giant mansion in Vegas. (And because of some slightly cringey comments about not wanting to see so many homeless people, but that's not the editorial comment I'm trying to make right now.) But, he's keeping his house in CA (for "weekends and vacations"), and he's building hi…

The California Franchise Tax Board actually spends a lot resources catching people who spend too much time in state and don't claim to live there. It's actually surprisingly hard for would-be tax dodgers to pull off, and the penalties are severe.

This reminds me of the lengths Ernest Hemmingway went to avoid paying taxes - he kept meticulous diaries, in part because that's who he was, but also to prove to the US and Cuban authorities that he didn't live in their respective jurisdictions long enough to be taxed at .

Of course, the Castro government seized his assets in Cuba come the revolution, so I don't think it worked out for him in the long run, financially speaking.

Re: Elon Musk moves to Texas

#365

Post by siberianbear »

JKCalhoun wrote: post #309
majormajor wrote: post #178

Earlier quoted context omitted.

Meanwhile, I'm holding my breath that enough richer-than-most folks will move to make house prices go down a bit instead of up 10% since last year like https://ktla.com/news/local-news/socal-homes-prices-again-se... Seems like they're still moving in instead of moving out, for now, though.

Wondering if Prop 13 is the cause of Cal-flight. Is it driving home prices up? Or is it robbing the state coffers of a tax revenue that has to be made up elsewhere? I don't know.

You're absolutely right: it's a massive transfer of wealth from the young, productive class to older people and to commercial landlords. But it can't be changed: it's the "third rail" of California tax policy.

Re: Elon Musk moves to Texas

#366

Post by jaguar1878 »

cannam wrote: post #335
BurningFrog wrote: post #329

Earlier quoted context omitted.

All the states also have their own constitutions. This is the Texas one: https://tlc.texas.gov/docs/legref/TxConst.pdf

Ah, thank you! And so, what happened in Texas that "made an income tax unconstitutional"?

If you want a bit of reading: https://www.dallasnews.com/news/politics/2019/11/06/early-te...

Re: Elon Musk moves to Texas

#367

Post by somethoughts »

WillPostForFood wrote: post #245
techsupporter wrote: post #220

Earlier quoted context omitted.

My birth certificate says "Texas" across the top and people have been "fleeing California" to Texas for as long as I've been alive. There's nothing special about Musk; he just happens to be high-profile about it and managed to extract more from California before decamping to a "cheap" state than several of those who came before him. I disagree with your assessment that Texas has wide acceptance for opposing viewpoint…

How long have you been out of Texas? I think we know people aren't coming to Texas to live in Tyler; They are moving to the cities, Dallas, Houston, Austin, San Antonio, which are all diverse, and have large gay communities. Even Tyler has changed. (old article, but still) https://www.advocate.com/society/activism/2009/09/29/gays-ta...

I feel like Texas is basically California in the 1980s. Back then CA definitely used to vote in Republican governors, etc. San Francisco and downtown LA were surrounded by very Republican suburbs. As they grew into the surrounding suburbs, the voting trends changed.

The "dysfunction" is more likely a function of population density as it is a unique California thing. Watching local Austin news - definitely some familiar problems - gentrification, what to do about the homeless/crime, pollution, desires to raise taxes, traffic.

Re: Elon Musk moves to Texas

#368

Post by [deleted] »

bosswipe wrote: post #250
S_A_P wrote: post #158

Pretty interesting to see this move makes people so salty. There does seem to be a trend of people fleeing California, I dont know enough about the situation out there to comment on whether or not its valid. I suspect something must be going on for several high profile folks moving out. And before you bash Texas, its not perfect. But its pretty diverse, and it seems that folks with opposing viewpoints can still coexi…

Pretty interesting to see how much glee many people take in anything negative about California. What is that about? No other state gets so much hate.

[deleted]

Re: Elon Musk moves to Texas

#369

Post by busterarm »

o-__-o wrote: post #211
busterarm wrote: post #44

Earlier quoted context omitted.

Or, framed differently, California is looking for deep pockets to bail out their failing budget rather than adjust their policy to match what they can afford. The same has been happening in New Jersey with its insane taxes that don't really go to pay for services anymore and have diverted from transportation & infrastructure projects for decades now to bail out their severely underfunded pension funds...where the pen…

> where the pensioners have almost entirely moved out of New Jersey to avoid the same taxes. (Income) Tax free Texas sounds good right about now!

Yes, it's mostly Florida where New Jersey's pensioners have gone to.
Post reply on HN