Elon Musk moves to Texas • Hacker News Board

Re: Elon Musk moves to Texas

#281

Post by egsmi » Wed, Dec 09, 2020, 6:45 PM UTC

djcooley wrote: post #265

I am from Texas and currently live in Austin, but I also had the opportunity to live in many places in the world (Bay Area, China, Singapore, and Norway) spread out over a decade. As much as I have admired and enjoyed many of those places, I always knew I would come back to Austin. The quality of life you get here, all things considered, simply cannot be beat. After I graduated from school in the Bay Area (circa 2005…

I really do love visiting Austin but... Ouch.

https://www.kvue.com/article/weather/austin-tied-for-the-thi...

"As of Thursday, Austin has officially had its 19th day of triple-digit temperatures. This means we have tied the third-longest stretch of 100-plus degree days recorded at Camp Mabry. Not to mention, every single day this month has been above average. Our average temperature at this time of the year should be 97 degrees."

Re: Elon Musk moves to Texas

#282

Post by legohead » Wed, Dec 09, 2020, 6:45 PM UTC

Strange comments for HN.

Elon moving has little to do with California vs Texas. This is totally expected from Elon, who likes to oversee new operations personally and whip everyone into shape.

His "dislike" of California has little to do with it, but he's definitely going to milk it for all it's worth. I thought at least HNers would see through this easily.

Re: Elon Musk moves to Texas

#283

Post by _throwawayyyyyy » Wed, Dec 09, 2020, 6:46 PM UTC

DiogenesKynikos wrote: post #103

cft wrote: post #2

Historical tweet from a CA Assembly Member from Southern California: https://twitter.com/LorenaSGonzalez/status/12592878791775313...

They made that comment after Elon Musk blatantly flouted coronavirus regulations and reopened his factory in Fremont. Shortly afterward, there was a CoVID-19 outbreak at the factory.[1] 1. https://electrek.co/2020/07/14/tesla-spike-covid-19-cases-da...

exactly - elon musk directly contributed to the rise of covid in the bay

Re: Elon Musk moves to Texas

#284

Post by toast0 » Wed, Dec 09, 2020, 6:46 PM UTC

beowulfey wrote: post #200

bagacrap wrote: post #189

Earlier quoted context omitted.

Is this a successful way to dodge taxes? If so, that loophole should be fixed. I left California 4 years ago and yet somehow still pay taxes to the state. If you're saying that anyone who was professionally successful in California has no right to ever leave the state, that seems like a tough sell.

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 considers you a resident of the state, and as such, taxes you on your worldwide income; as you did not end your residency by establishing residency in another state.

Re: Elon Musk moves to Texas

#285

Post by atemerev » Wed, Dec 09, 2020, 6:46 PM UTC

boringg wrote: post #171

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…

California still has every viewpoint that is imaginable though there does seem to be less space for far right. What's making everyone salty about Elon leaving is there was considerable amount of people who helped him build up in the state (i.e. state benefits, staff who worked incredibly hard for many years, consumers who bought his cars [drive in the bay area]) and he's peacing out, with a slap in the face to everyo…

Well, Curtis Yarvin is still in California, isn't he?

Re: Elon Musk moves to Texas

#286

Post by kec » Wed, Dec 09, 2020, 6:47 PM UTC

aantix wrote: post #226

nickthemagicman wrote: post #27

Earlier quoted context omitted.

What are unrecognized capital gains?

Imagine the house you live in is worth $250,000. And imagine paying "asset" taxes on that $250,000 home even though you still live there.

isn't that literally what property taxes are?

Re: Elon Musk moves to Texas

#287

Post by JKCalhoun » Wed, Dec 09, 2020, 6:47 PM UTC

setpatchaddress wrote: post #223

beowulfey wrote: post #200

Earlier quoted context omitted.

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

CA Tax Board is pretty aggressive: if you work for a business located in CA, they want your income.

Yes, you need to retire outside California.

Re: Elon Musk moves to Texas

#288

Post by scop » Wed, Dec 09, 2020, 6:47 PM UTC

jerkstate wrote: post #237

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.

Please consider the policies that made your location expensive and of poor quality for families when voting in your new home.

Oh trust me, I didn't vote for said policies in SF and I won't be voting for them in TX!

Re: Elon Musk moves to Texas

#289

Post by lanewinfield » Wed, Dec 09, 2020, 6:48 PM UTC

_0w8t wrote: post #204

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…

Few reasons to leave California - https://scottlocklin.wordpress.com/2020/09/12/leaving-the-ba...

Bay Area != California

Stopped reading at "urban hellscape like NYC"

Re: Elon Musk moves to Texas

#290

Post by oh_sigh » Wed, Dec 09, 2020, 6:48 PM UTC

itsoktocry wrote: post #199

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…

> 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. You mean the budget that included tax abatement and subsidies for his factories and the people who buy his cars?

It's not like Elon held a gun to the legislature to pass those subsidies.

This sounds a bit like abusive spouse behavior.

"I'm leaving"

"You can't do that - what about all those nice things I gave you?"