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“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

#41

Post by blakesterz »

influx wrote: post #35
commandlinefan wrote: post #20

Yeah, the big fear here in Texas is that they're all going to move down here with their California liberal sensibilities and vote in a state income tax here, too.

Likewise here in Washington state. All the Californians are fleeing here and implementing the exact same polices that drove them to leave. Odd.

I lived in Seattle in 1993 and people were saying the same thing then. I know that sounds like a snarky throw away comment, but my point is just that people thought the same thing in 1993. I don't know if it's different now, could be.

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#42

Post by skh »

Bucephalus355 wrote: post #7

I 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.

Why does a 13% tax to California bother you if a 13 percentage point increase in tax to some other entity doesn’t? Is it dislike of California? Dislike of state taxes?

This reminds me of an experiment I read in - I think - Nudge. A random group of people were given the scenario of being at a store and about to buy a box of chocolate for $10. Just before they purchase it they find out they can buy it at a store a few blocks away for $5. Most said they would go to the other store.

Another group of random people were asked the same scenario but with a tuxedo costing $1500. The competitor store a few blocks alway sold the tuxedo for $1495. Most said they would not go to the other store for just a $5 decrease in cost.

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#43

Post by j-c-hewitt »

The sort of funny aspect of bringing up that local CA non-state police responded to the Youtube shooting is that having your office shot up by a radical Iranian vegan Youtuber is also only something that could happen in California.

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#44

Post by koolba »

Anybody here have success with having their founder stock be “bought” by their IRA? Wouldn’t want the whole thing in there but a sizable chunk combined with a liquidation event would give a massive tax deferred retirement account. Plus if you do it early on you could value the initial stock at peanuts.

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#45

Post by scroot »

scottlocklin wrote: post #9
outside1234 wrote: post #2

Good 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.

Uh, have you seen what the rest of the country is like?

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#46

Post by skh »

commandlinefan wrote: post #20

Yeah, the big fear here in Texas is that they're all going to move down here with their California liberal sensibilities and vote in a state income tax here, too.

Do Conservative Texans fear the free market and people responding to market forces? Maybe Texas ought to raise state taxes as a means of persuading liberals from California to not move there.

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#47

Post by NDizzle »

Reedx wrote: post #26

As someone that lives in the Bay Area, I wouldn't mind it if our taxes were being used effectively. But we do so little with so much . The state of our infrastructure, public transit and the homeless situation is embarrassing. Especially in SF. The conversation about taxes always seems to be so shallow to the point of being binary. One side saying we need to increase taxes to fix things, the other saying we need to d…

What do you mean we do so little?! Look at all the GREAT THINGS we do.

Have you ever considered the privilege of drinking water? We should tax that.

What about your car? We should come up with an emissions standard that ONLY APPLIES TO US. 49 state legal? Who's the odd man out? That joker.

What about your rifle and pistol magazines? Let's make manufacturers come up with a standard that literally only applies to our state, in the entire world. That will go over well!

Droughts? HA! That would require improving and building additional infrastructure for our water reclamation system. Surely we can just let it flow into the ocean - water is water, right? PS: we're going to tax it!

Fires? Controlled burns to clear underbrush? You must really hate the environment! Why would you want to burn our precious underbrush?!?!? :(((

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#48

Post by influx »

zdragnar wrote: post #6
AlexandrB wrote: post #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 w…

> AOC's 70% tax Also doesn't apply to capital gains.

Isn’t capital gains what drives most billionaires wealth?

Last I recall, Jeff Bezos has a salary under 100k, and the rest is from stock.

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#49

Post by jrs235 »

scottlocklin wrote: post #9
outside1234 wrote: post #2

Good 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.

>Easily the most corrupt state I've ever seen

Have you ever seen Illinois?

Re: “I’m moving out of state”: employees are trying to avoid California income tax

#50

Post by mikestew »

influx wrote: post #35
commandlinefan wrote: post #20

Yeah, the big fear here in Texas is that they're all going to move down here with their California liberal sensibilities and vote in a state income tax here, too.

Likewise here in Washington state. All the Californians are fleeing here and implementing the exact same polices that drove them to leave. Odd.

As a WA resident, I defy you to back that up. It’s the same shit I’ve heard for twenty years I’ve lived here: “it’s the Californians’ fault.” From bad driving to bad politics: it is your own damned fault, WA.
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