Online retailer TheDrop.com launched in San Francisco in 2017 and a year later relocated to Las Vegas because costs were too high to operate a business in California. The CEO, Matt Falcinelli, stated that, “Everything from income tax and state tax, worker tax, payroll tax, cost of salaries, cost of living – it almost came out to 50 percent less expensive to operate in Nevada than California”. Thousands of California businesses have opted to move to Nevada, with Las Vegas being the most popular destination.
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