General Discussion
In reply to the discussion: California costs too much! Let's compare it to Texas [View all]Lonestarblue
(13,355 posts)I dont known what tax breaks Musk got to relocate here, but Im sure they were significant. So new roads had to be built, water and electricity access created, similar infrastructure for new housing developments near his Tesla manufacturing facility, and eventually new schools for the workers moving to that part of the county to work. And even though those workers will also pay property taxes, many of them were already paying property taxes elsewhere in Texas.
Since we have no state income tax, property taxes pay these costs. And even though Texas has billions in a rainy day fund, hat money is rarely used so we have a bond issued every time we need a new car road or a new schoolwhich, of course, increases our property taxes. With the change in the SALT deductions, I come nowhere near being able to use all my deductibles. Instead, Ive also paid several thousand more in federal income taxes each year. So much for that tax cut Trump said we all got.
