1srelluc
Diamond Member
KB Home, which has a market cap of $3.25 billion, has announced that it plans to move its corporate headquarters from Los Angeles to Tempe, a suburb of Phoenix, beginning next spring.
The corporate income tax rate in Arizona is a flat 4.9 percent, which is one of the lowest in the country. It is almost half the 8.89 percent net income tax rate in California for C corporations, which KB Home falls under.
According to KB Home's full-year results for fiscal year 2025, the company's net income was $428,789,000. That means it was taxed about $37.9 million in California.
If the company had been taxed in Arizona, it would have paid about $21 million, representing a nearly $17 million difference.
On top of that immediate increase in savings, Arizona's housing market is far more affordable than that of California on average, representing potential business opportunities for KB Home.
CA should be nicknamed "Bleeding CA".
Pretty soon there won't be anyone left there but homeless and EBT holders.
I don't even know if a gop governor is elected it will help.
The corporate income tax rate in Arizona is a flat 4.9 percent, which is one of the lowest in the country. It is almost half the 8.89 percent net income tax rate in California for C corporations, which KB Home falls under.
According to KB Home's full-year results for fiscal year 2025, the company's net income was $428,789,000. That means it was taxed about $37.9 million in California.
If the company had been taxed in Arizona, it would have paid about $21 million, representing a nearly $17 million difference.
On top of that immediate increase in savings, Arizona's housing market is far more affordable than that of California on average, representing potential business opportunities for KB Home.
CA should be nicknamed "Bleeding CA".
Pretty soon there won't be anyone left there but homeless and EBT holders.
I don't even know if a gop governor is elected it will help.
