---
title: """The Lone Star State imposes a 0.75% franchise tax on business…"
date: 2019-12-01
source: facebook
type: Archer T. Ships shared a link.
---

# ""The Lone Star State imposes a 0.75% franchise tax on business…

*December 1, 2019 · Facebook*

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[https://www.zerohedge.com/markets/charles-schwab-abandons-san-fransisco-new-100-million-mega-headquarters-dallas](https://www.zerohedge.com/markets/charles-schwab-abandons-san-fransisco-new-100-million-mega-headquarters-dallas){target="_blank"}
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\"\"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.\
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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.\"\
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[https://www.zerohedge.com/markets/charles-schwab-abandons-san-fransisco-new-100-million-mega-headquarters-dallas](https://www.zerohedge.com/markets/charles-schwab-abandons-san-fransisco-new-100-million-mega-headquarters-dallas){target="_blank"}
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