California, Income Tax | featured news

According to the Greater Austin Chamber of Commerce, since the passage of Prop 30 in the November election, California-based company relocation inquiries have doubled, possibly tripled, in Central Texas. West Coast entrepreneurs feeling the personal financial stress of an out-of-control state budget and tax policy have heard Texas’ message, and they’re responding.

California’s top earners are now facing a combined 51.9 percent federal and state income tax — the highest rate in the nation — a cause for grumbling and, maybe, an incentive to move.