“I’m moving out of state”: employees are trying to avoid California income tax
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Re: “I’m moving out of state”: employees are trying to avoid California income tax
#2Good luck with that - if you have a California license plates, drivers license, or they can prove you show up pretty frequently to a California located job - you are going to get caught doing this and fined extensively.
Also, WTF: You took advantage of all of the infrastructure of a state to get rich and now you don't want to contribute back? Shame on you and may karma come around for you.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#3> The state of California treats capital gains just like any other income, levying a 13.3 percent state tax on sales of stock. For someone sitting on tens of millions of dollars in private stock — life-changing money for some — it’s not a small concern.
Yes, it literally is! It's 13% - that's about the same as sales tax in many places and nowhere near AOC's 70% tax. This is greed, plain and simple. 99% of the world would do almost anything to have this "problem".
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#4> The state of California treats capital gains just like any other income, levying a 13.3 percent state tax on sales of stock. For someone sitting on tens of millions of dollars in private stock — life-changing money for some — it’s not a small concern. Yes, it literally is! It's 13% - that's about the same as sales tax in many places and nowhere near AOC's 70% tax. This is greed, plain and simple. 99% of the world w…
And 99% of the world would act in the same way if they had the luxury of that problem. I understand why Leftist populists love attributing some sort of exceptional immorality to the wealthy, but people act on incentives. Give them an incentive to leave and they will leave.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#5Good luck with that - if you have a California license plates, drivers license, or they can prove you show up pretty frequently to a California located job - you are going to get caught doing this and fined extensively. Also, WTF: You took advantage of all of the infrastructure of a state to get rich and now you don't want to contribute back? Shame on you and may karma come around for you.
Let's be a bit honest here. California public infrastructure has hardly contributed to the windfall people are getting due to their work in the tech industry.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#6> The state of California treats capital gains just like any other income, levying a 13.3 percent state tax on sales of stock. For someone sitting on tens of millions of dollars in private stock — life-changing money for some — it’s not a small concern. Yes, it literally is! It's 13% - that's about the same as sales tax in many places and nowhere near AOC's 70% tax. This is greed, plain and simple. 99% of the world w…
> AOC's 70% tax
Also doesn't apply to capital gains.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#7I fly out to California 5 days a week for consulting work currently. I live in Texas. So does my wife and dog.
My paycheck’s now include the 13% deduction from California :(
I’m leaving this project as soon as possible.
Would happily pay 13% more for federal income tax FWIW.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#8> The state of California treats capital gains just like any other income, levying a 13.3 percent state tax on sales of stock. For someone sitting on tens of millions of dollars in private stock — life-changing money for some — it’s not a small concern. Yes, it literally is! It's 13% - that's about the same as sales tax in many places and nowhere near AOC's 70% tax. This is greed, plain and simple. 99% of the world w…
And 99% of the world would act in the same way if they had the luxury of that problem. I understand why Leftist populists love attributing some sort of exceptional immorality to the wealthy, but people act on incentives. Give them an incentive to leave and they will leave.
If you live in California, you obey California laws or you go to California jail. If you don't agree with what California has decided is necessary for a healthy society, you have states like Mississippi and Louisiana to choose from. Good luck finding a high-paying job there.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#9Good luck with that - if you have a California license plates, drivers license, or they can prove you show up pretty frequently to a California located job - you are going to get caught doing this and fined extensively. Also, WTF: You took advantage of all of the infrastructure of a state to get rich and now you don't want to contribute back? Shame on you and may karma come around for you.
Lol, have you ever actually been to California? The infrastructure was all built in the 1960s, and appears to have been abandoned as thoroughly as the Roman aqueduct system after the barbarian invasions.
Easily the most corrupt state I've ever seen; most of the money goes to buying votes.
Re: “I’m moving out of state”: employees are trying to avoid California income tax
#10I fly out to California 5 days a week for consulting work currently. I live in Texas. So does my wife and dog. My paycheck’s now include the 13% deduction from California :( I’m leaving this project as soon as possible. Would happily pay 13% more for federal income tax FWIW.
Sue the state for falsely claiming you as a resident for fraudulent tax purposes, and file the suit in Texas. Your airline tickets and job alone should be enough evidence for a Texas judge, and that will firmly establish residency in Texas. You may then nail California very hard for their fraudulent scheme.