{"id":10311,"date":"2012-12-26T03:32:04","date_gmt":"2012-12-26T11:32:04","guid":{"rendered":"http:\/\/www.seecalifornia.com\/traveltips\/?p=10311"},"modified":"2012-12-26T03:44:05","modified_gmt":"2012-12-26T11:44:05","slug":"california-loses-largest-corporation-sort-of-because-of-costs-regulations","status":"publish","type":"post","link":"http:\/\/www.seecalifornia.com\/traveltips\/california-loses-largest-corporation-sort-of-because-of-costs-regulations\/","title":{"rendered":"Biggest Company in The Golden State Takes Jobs Away"},"content":{"rendered":"

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GOOD NEWS! California did not rank among the 10 worst states for retirement<\/a>.<\/p>\n

BAD NEWS! Recently Forbes ranked California among the 10 worst states for business. When it comes to earning a profit, companies are finding fewer reasons to stay in California these days.\u00a0 Comcast moved out. Campbell’s Soup walked away from its Sacramento factory and headed for greener pastures in Texas. And now Chevron is packing up some of its operations and jobs and taking them to Texas, reducing its employee base in California so it no longer will rank as the biggest company in the state.\u00a0 Citing the high cost of doing business in California, companies are beginning to bail, or at least move portions of their firms to more affordable locales.<\/p>\n

Jerry Brown’s Prop. 30 which passed in November raises California\u2019s sales tax to 7.5% from 7.25%. This came shortly after Amazon and other out-of-state companies were told they must begin collecting sales tax for California sales.<\/a> The added costs are in addition to a new retroactive tax on higher wage earners (top 3%)\u00a0 in the state who will pay more than expected on their 2012 income. In addition, Californians pay 33% more than the national average for energy–gas,\u00a0 etc.<\/p>\n

But wait! The State of California isn’t the only government agency wanting more of what we earn. Financial experts predict that the U.S. “Fiscal Cliff” will result in Californians and U.S. citizens alike seeing their buying power diminish by a minimum of $1,000 each year, though the exact amount may be more than double that amount.\u00a0 Since tax time approaches, be sure to study up on any possible expenditures and investments you can make this week before 2013 tax season rolls around!<\/p>\n

TOP 10 EMPLOYERS IN CALIFORNIA<\/strong><\/p>\n

CA Rank; Company; Revenue ($Millions); City<\/p>\n

1.\u00a0\u00a0 Chevron \u00a0 200,567\u00a0 San Ramon
\n2.\u00a0\u00a0Hewlett-Packard \u00a0 91,658 \u00a0 Palo Alto
\n3.\u00a0\u00a0McKesson \u00a0 88,050 \u00a0 San Francisco
\n4.\u00a0\u00a0Wells Fargo\u00a0 47,979 \u00a0 San Francisco
\n5.\u00a0\u00a0Safeway \u00a0 40,185 \u00a0 Pleasanton
\n6.\u00a0\u00a0Intel \u00a0 35,382 \u00a0 Santa Clara
\n7.\u00a0\u00a0Walt Disney \u00a0 34,285 \u00a0 Burbank
\n8.\u00a0\u00a0Ingram Micro \u00a0 31,357.5\u00a0 Santa Ana
\n9.\u00a0\u00a0Northrop Grumman\u00a0 30,304 \u00a0 Los Angeles
\n10.\u00a0\u00a0Cisco Systems \u00a0 28,484 \u00a0 San Jose<\/p>\n","protected":false},"excerpt":{"rendered":"

GOOD NEWS! California did not rank among the 10 worst states for retirement. BAD NEWS! Recently Forbes ranked California among the 10 worst states for business. When it comes to earning a profit, companies are finding fewer reasons to stay in California these days.\u00a0 Comcast moved out. Campbell’s Soup walked away from its Sacramento factory […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[],"_links":{"self":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/posts\/10311"}],"collection":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/comments?post=10311"}],"version-history":[{"count":0,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/posts\/10311\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/media?parent=10311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/categories?post=10311"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/tags?post=10311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}