this post was submitted on 27 Apr 2024
537 points (97.2% liked)

Technology

59422 readers
2973 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

you are viewing a single comment's thread
view the rest of the comments
[–] mosiacmango@lemm.ee 5 points 6 months ago* (last edited 6 months ago) (1 children)

Youre talking about the total dollar amount of taxes paid, which is irrelevant because of regional differences. What you can compare is percentage of income, which is a metric that works regardless of total dollar wages.

Someone paying $100 to the tax man when they only make $5000 is more of their money then someone paying $200 to the tax man when they make $15000. The first person is paying higher taxes. The total dollar amount is irrelevant compared to the percentage of income paid.

The data is very clear. Almost all Texans pay more of their income to state taxes than almost all Californians. The fact that California provides a more than doubled minimum wage than Texas while taxing people less is a feather directly in their cap.