""The Lone Star State imposes a 0.75% franchise tax on business margins (total revenue minus compensation), which is substantially less than the corporate tax rates in California (8.84%) and Nebraska (7.81%), where TD Ameritrade is currently headquartered. The city of San Francisco also imposes a 0.38% payroll tax and a 0.6% gross receipts tax on financial service companies.
Texas has no individual income tax, while the top rate on income and capital gains in California is 13.3%, and the Lone Star State's housing and energy costs are substantially lower. The average monthly rent in San Francisco is $3,870 compared to $1,200 in Dallas. Schwab workers and executives can have a higher standard of living, and more after-tax income, at the same salaries."
https://www.zerohedge.com/markets/charles-schwab-abandons-san-fransisco-new-100-million-mega-headquarters-dallas
Texas has no individual income tax, while the top rate on income and capital gains in California is 13.3%, and the Lone Star State's housing and energy costs are substantially lower. The average monthly rent in San Francisco is $3,870 compared to $1,200 in Dallas. Schwab workers and executives can have a higher standard of living, and more after-tax income, at the same salaries."
https://www.zerohedge.com/markets/charles-schwab-abandons-san-fransisco-new-100-million-mega-headquarters-dallas