Posted by: Dan OsterIndustrial Specialist
775 336 4665
As a member of the
Industrial Properties Group, Dan has participated in the sales and
leasing of a wide variety of Industrial properties from 1,000 to 700,000
sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed
customer service to the clients he represents.
Why have Californians been fleeing their state over the past
two decades, 200,000 per year, as compared to the 1980s when 100,000 Americans
a year were moving into the state? The reasons are varied, but according to
Joel Kotkin, one of the nation's top demographers, "the state is run for
the very rich, the very poor, and the public employees." Once the tax
structure is taken into consideration and the fact that California has the 48th
worst business tax climate according to the Tax Foundation, it's no wonder that
middle class young families, ages 5 to 14 and 34 to 45, are the top demographic
leaving the state.
When it comes to taxes in the Golden State, millionaires pay
a top rate of 10.3% (third highest in the country) and middle class workers, those
making greater than $48,000 a year, pay a top rate of 9.3%. That is a higher
tax rate than what millionaires pay in 47 of 50 states. Those Californians who
are rich enough to live in Napa or West LA are still there. Poor Californians,
40% of whom pay no income tax, are sticking around too. Bearing more than their
fair share of the burden, young middle class Californians are now en route to
other parts of the nation less restricted by bureaucratic red tape and less
encumbered by high state income tax.
In the following series of blogs, we'll make the case for
why middle class workers, and the companies who employ them, should choose to
put down roots in Nevada.
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