Breaking: an auto source tells me Toyota never even considered California, instead announcing a $912M investment in the states of Kentucky, Mississippi, West Virginia, Tennessee and Missouri, where the Japanese auto company will build car manufacturing plants. Why?
“California is lost. Not one of our employees wants to live there because it’s too expensive and your taxes would be too high for our families.”
• Missouri’s state tax rate is 0 to 4.7%
• Mississippi has an individual tax rate of 4% with a multi-year phase down to 3% by 2030.
• Kentucky’s state tax rate will decrease to 3.5% effective January 1, 2026.
• West Virginia’s tax rate is 2.22 to 4.82%
• Tennessee does not have a state individual tax
California has a state tax rate of 13.3%
