Home › Forums › Financial Markets/Economics › Company leaving town?
- This topic has 105 replies, 13 voices, and was last updated 15 years, 2 months ago by svelte.
-
AuthorPosts
-
September 21, 2009 at 10:34 PM #460752September 21, 2009 at 11:23 PM #459969smshorttimerParticipant
[quote=jonnycsd]
Highest marginal income tax rate in Virginia is 5.75%, thats about half of California’s tax rate. Sales tax is 5% rather than 8.5% here. Property taxes are about the same in percentage terms, but you get A LOT more house for the money. The public schools in the DC suburbs of northern Virginia are very good. Crime is low. Its a much better deal for the people who work at SAIC. Same reason UPS moved from CT to Atlanta Georgia 20 years ago. Its a smart decision for SAIC, maybe will be a slap in the face for California to realize that current policies need to change and change quickly.[/quote]People who work at SAIC in SD should be able to live in low-crime areas with good schools, just an FYI.
September 21, 2009 at 11:23 PM #460158smshorttimerParticipant[quote=jonnycsd]
Highest marginal income tax rate in Virginia is 5.75%, thats about half of California’s tax rate. Sales tax is 5% rather than 8.5% here. Property taxes are about the same in percentage terms, but you get A LOT more house for the money. The public schools in the DC suburbs of northern Virginia are very good. Crime is low. Its a much better deal for the people who work at SAIC. Same reason UPS moved from CT to Atlanta Georgia 20 years ago. Its a smart decision for SAIC, maybe will be a slap in the face for California to realize that current policies need to change and change quickly.[/quote]People who work at SAIC in SD should be able to live in low-crime areas with good schools, just an FYI.
September 21, 2009 at 11:23 PM #460498smshorttimerParticipant[quote=jonnycsd]
Highest marginal income tax rate in Virginia is 5.75%, thats about half of California’s tax rate. Sales tax is 5% rather than 8.5% here. Property taxes are about the same in percentage terms, but you get A LOT more house for the money. The public schools in the DC suburbs of northern Virginia are very good. Crime is low. Its a much better deal for the people who work at SAIC. Same reason UPS moved from CT to Atlanta Georgia 20 years ago. Its a smart decision for SAIC, maybe will be a slap in the face for California to realize that current policies need to change and change quickly.[/quote]People who work at SAIC in SD should be able to live in low-crime areas with good schools, just an FYI.
September 21, 2009 at 11:23 PM #460571smshorttimerParticipant[quote=jonnycsd]
Highest marginal income tax rate in Virginia is 5.75%, thats about half of California’s tax rate. Sales tax is 5% rather than 8.5% here. Property taxes are about the same in percentage terms, but you get A LOT more house for the money. The public schools in the DC suburbs of northern Virginia are very good. Crime is low. Its a much better deal for the people who work at SAIC. Same reason UPS moved from CT to Atlanta Georgia 20 years ago. Its a smart decision for SAIC, maybe will be a slap in the face for California to realize that current policies need to change and change quickly.[/quote]People who work at SAIC in SD should be able to live in low-crime areas with good schools, just an FYI.
September 21, 2009 at 11:23 PM #460771smshorttimerParticipant[quote=jonnycsd]
Highest marginal income tax rate in Virginia is 5.75%, thats about half of California’s tax rate. Sales tax is 5% rather than 8.5% here. Property taxes are about the same in percentage terms, but you get A LOT more house for the money. The public schools in the DC suburbs of northern Virginia are very good. Crime is low. Its a much better deal for the people who work at SAIC. Same reason UPS moved from CT to Atlanta Georgia 20 years ago. Its a smart decision for SAIC, maybe will be a slap in the face for California to realize that current policies need to change and change quickly.[/quote]People who work at SAIC in SD should be able to live in low-crime areas with good schools, just an FYI.
September 22, 2009 at 7:14 AM #459999EconProfParticipantBusinesses and heavily-taxed families are leaving CA not only due to current economic and political realities, but for what they see in our future. Demographic, political, and economic trends simply look worse here than the states they are moving to.
Given the cost of living here and the inefficiencies of our union-dominated government, employers and the middle-class run the numbers and make their long-term plans to leave. They witness Sacramento’s liberal tilt and see little reason for improvement in areas of taxes, silly regulations, utility costs (which are about to really leap upward), schools and universities, and rationally plot their departure. For many, their depressed home values are only postponing their move out.September 22, 2009 at 7:14 AM #460188EconProfParticipantBusinesses and heavily-taxed families are leaving CA not only due to current economic and political realities, but for what they see in our future. Demographic, political, and economic trends simply look worse here than the states they are moving to.
Given the cost of living here and the inefficiencies of our union-dominated government, employers and the middle-class run the numbers and make their long-term plans to leave. They witness Sacramento’s liberal tilt and see little reason for improvement in areas of taxes, silly regulations, utility costs (which are about to really leap upward), schools and universities, and rationally plot their departure. For many, their depressed home values are only postponing their move out.September 22, 2009 at 7:14 AM #460528EconProfParticipantBusinesses and heavily-taxed families are leaving CA not only due to current economic and political realities, but for what they see in our future. Demographic, political, and economic trends simply look worse here than the states they are moving to.
Given the cost of living here and the inefficiencies of our union-dominated government, employers and the middle-class run the numbers and make their long-term plans to leave. They witness Sacramento’s liberal tilt and see little reason for improvement in areas of taxes, silly regulations, utility costs (which are about to really leap upward), schools and universities, and rationally plot their departure. For many, their depressed home values are only postponing their move out.September 22, 2009 at 7:14 AM #460600EconProfParticipantBusinesses and heavily-taxed families are leaving CA not only due to current economic and political realities, but for what they see in our future. Demographic, political, and economic trends simply look worse here than the states they are moving to.
Given the cost of living here and the inefficiencies of our union-dominated government, employers and the middle-class run the numbers and make their long-term plans to leave. They witness Sacramento’s liberal tilt and see little reason for improvement in areas of taxes, silly regulations, utility costs (which are about to really leap upward), schools and universities, and rationally plot their departure. For many, their depressed home values are only postponing their move out.September 22, 2009 at 7:14 AM #460801EconProfParticipantBusinesses and heavily-taxed families are leaving CA not only due to current economic and political realities, but for what they see in our future. Demographic, political, and economic trends simply look worse here than the states they are moving to.
Given the cost of living here and the inefficiencies of our union-dominated government, employers and the middle-class run the numbers and make their long-term plans to leave. They witness Sacramento’s liberal tilt and see little reason for improvement in areas of taxes, silly regulations, utility costs (which are about to really leap upward), schools and universities, and rationally plot their departure. For many, their depressed home values are only postponing their move out.September 22, 2009 at 7:26 AM #460017svelteParticipant[quote=paramount][quote=svelte][quote=paramount]
Apparently you’ve spent to much time under that SD Sun…[/quote]
Are you saying that SAIC is pulling out of San Diego entirely, that there will be no SAIC employees left next year?
Care to make a wager?[/quote]
No, I’m saying companies don’t make plans to move or not move corp. HQ’s based on where gov’t bureaucrats like to spend time because of the weather.
[/quote]If you think that is what I said, then you misread my post. I agree that SAIC HQ will probably move to VA and that makes sense – I’d probably do it too if I were them.
My point was that many of the programs/contracts that are now run out of SD will remain in SD for the foreseeable future. Just because the HQ moves to VA does not mean all programs/contracts move with it.
(and the SD sun is just one reason for those projects remaining here,there are others…I even mentioned one: the program expertise is here)
September 22, 2009 at 7:26 AM #460207svelteParticipant[quote=paramount][quote=svelte][quote=paramount]
Apparently you’ve spent to much time under that SD Sun…[/quote]
Are you saying that SAIC is pulling out of San Diego entirely, that there will be no SAIC employees left next year?
Care to make a wager?[/quote]
No, I’m saying companies don’t make plans to move or not move corp. HQ’s based on where gov’t bureaucrats like to spend time because of the weather.
[/quote]If you think that is what I said, then you misread my post. I agree that SAIC HQ will probably move to VA and that makes sense – I’d probably do it too if I were them.
My point was that many of the programs/contracts that are now run out of SD will remain in SD for the foreseeable future. Just because the HQ moves to VA does not mean all programs/contracts move with it.
(and the SD sun is just one reason for those projects remaining here,there are others…I even mentioned one: the program expertise is here)
September 22, 2009 at 7:26 AM #460547svelteParticipant[quote=paramount][quote=svelte][quote=paramount]
Apparently you’ve spent to much time under that SD Sun…[/quote]
Are you saying that SAIC is pulling out of San Diego entirely, that there will be no SAIC employees left next year?
Care to make a wager?[/quote]
No, I’m saying companies don’t make plans to move or not move corp. HQ’s based on where gov’t bureaucrats like to spend time because of the weather.
[/quote]If you think that is what I said, then you misread my post. I agree that SAIC HQ will probably move to VA and that makes sense – I’d probably do it too if I were them.
My point was that many of the programs/contracts that are now run out of SD will remain in SD for the foreseeable future. Just because the HQ moves to VA does not mean all programs/contracts move with it.
(and the SD sun is just one reason for those projects remaining here,there are others…I even mentioned one: the program expertise is here)
September 22, 2009 at 7:26 AM #460620svelteParticipant[quote=paramount][quote=svelte][quote=paramount]
Apparently you’ve spent to much time under that SD Sun…[/quote]
Are you saying that SAIC is pulling out of San Diego entirely, that there will be no SAIC employees left next year?
Care to make a wager?[/quote]
No, I’m saying companies don’t make plans to move or not move corp. HQ’s based on where gov’t bureaucrats like to spend time because of the weather.
[/quote]If you think that is what I said, then you misread my post. I agree that SAIC HQ will probably move to VA and that makes sense – I’d probably do it too if I were them.
My point was that many of the programs/contracts that are now run out of SD will remain in SD for the foreseeable future. Just because the HQ moves to VA does not mean all programs/contracts move with it.
(and the SD sun is just one reason for those projects remaining here,there are others…I even mentioned one: the program expertise is here)
-
AuthorPosts
- You must be logged in to reply to this topic.