this post was submitted on 13 Dec 2024
5 points (72.7% liked)

Economy

507 readers
240 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 week ago (1 children)

Because it's cheap to live there. It's cheap to live there because land is plentiful, and overall it's not a very nice place to live.

[–] [email protected] 3 points 1 week ago (1 children)

I've been buying a lot of marijuana accessories lately and noticed a lot of the companies (ball vapes, bongs, quartz etc) are based in Texas or Florida. Wondered why they seem to gravitate to those states where it's still illegal to have marijuana. I just assumed taxes must be low for businesses.

[–] [email protected] 3 points 1 week ago (1 children)

Texas and Florida have no income tax. It's a good place to be if you have a high income, it's less great for low income as the property tax is a bigger relative hit than most states income taxes.

[–] [email protected] 3 points 1 week ago

Washington doesn't have income tax either.