Tomorrow (Monday) Toyota USA will announce its plan of moving its US headquarters to a location near Dallas, Texas.
The current Torrence, CA headquarter has been in operation since 1957, it will be a serious setback for the California state. It is not hard for me to guess the reason behind Toyota’s decision is for excessive operation costs in California.
We all know Texas has advantages in multiple aspects. For example, it does not collect personal state income tax, while California charge you as high as a 12.3% marginal rate.
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