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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

#91

Post by logfromblammo »

larrywright wrote: post #76
jrs235 wrote: post #49

Earlier quoted context omitted.

>Easily the most corrupt state I've ever seen Have you ever seen Illinois?

Hey it’s been at least a couple of years since we’ve sent a governor to jail.

At least Illinois sends its corrupt governors to jail.

https://www.wbez.org/shows/wbez-blogs/long-list-of-illinois-...

Since moving to Alabama, I learned that the county sheriffs get an "allowance" for feeding prisoners in their jails, with little accounting. It should come as no surprise that they buy the cheapest food they can find, without regard to nutrition or foodborne illnesses, and pocket the rest for their private beach-house fund.

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

#92

Post by pjc50 »

cpursley wrote: post #62
pliny wrote: post #16

>On the other hand, Silicon Valley money is made in California and draws on California services. Employees commute to work on taxpayer-funded roads and many studied at taxpayer-funded schools. And one extreme example: When a gunman shot four people on the campus of YouTube last spring, it was San Bruno police that responded to the scene. This argument is scale invariant, you could say that any level of taxation justi…

> how effective the state is at spending the money Exactly! I'm okay with higher taxes as long as the jurisdictions who collect them are good stewards of the money. First, governments must prove to me that they can efficiency provide promised services before convincing me to hand over more. How is it that other nations/jurisdictions can have lower taxes than the USA, but still manage to provide for universal healthca…

Singapore is in many ways the anti-America: it's a tiny low-freedom centrally planned one-party state. It earns a good deal of its money from transhipment and being a commercial hub. https://www.bbc.co.uk/news/business-32028693

Russia is a petro-state run by the Mafia.

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

#93

Post by pjc50 »

anonuser123456 wrote: post #90
cpursley wrote: post #62

Earlier quoted context omitted.

> how effective the state is at spending the money Exactly! I'm okay with higher taxes as long as the jurisdictions who collect them are good stewards of the money. First, governments must prove to me that they can efficiency provide promised services before convincing me to hand over more. How is it that other nations/jurisdictions can have lower taxes than the USA, but still manage to provide for universal healthca…

>I just don't understand where the tax money is going in the USA at both federal and state levels. You can find it online with a simple Google search. Pensions, medicare and social security are the bulk of the spending.

Two out of the three of those are deferred compensation and linked to earlier wage deductions.

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

#94

Post by vidarh »

ryandrake wrote: post #82
IvyMike wrote: post #70

Earlier quoted context omitted.

> would see no benefit from the CA tax Well, no benefit except for the 70% of his time he spends there.

But, what benefit is he getting during his temporary stays there that is worth anything close to the 13% they're taking? California's budget is about 35% health care (his doctor is probably back in Texas), 20% education (his kids if he has any go to school in Texas), and about 20% to pensions for state workers, which he obviously derives no benefit from. So how do you justify taxing someone who doesn't live here base…

If he feels he's not getting sufficient benefit, because of a belief he doesn't live there, he's of course free to choose not to work there.

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

#95

Post by skh »

ryandrake wrote: post #82
IvyMike wrote: post #70

Earlier quoted context omitted.

> would see no benefit from the CA tax Well, no benefit except for the 70% of his time he spends there.

But, what benefit is he getting during his temporary stays there that is worth anything close to the 13% they're taking? California's budget is about 35% health care (his doctor is probably back in Texas), 20% education (his kids if he has any go to school in Texas), and about 20% to pensions for state workers, which he obviously derives no benefit from. So how do you justify taxing someone who doesn't live here base…

He doesn’t benefit from state workers in California? Without those workers the streets would be worse than what they are now. There would be fewer police and a non-functioning judicial system. Certainly his work benefits from a governmental entity that handles contract law disputes. The workers of the company that he works at benefit from state employees. Would the job exist if those workers didn’t exist?

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

#96

Post by insickness »

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…

It's not greed to want to keep your money from an already over-bloated bureaucratic government. On one hand, people complain about government authority and then those same people are happy to grow the government as large and powerful as possible, both through taxes and regulation. Then they cry foul when that double-edged sword is used by people like Trump to do things they don't like.

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

#97

Post by CompanionCuuube »

IvyMike wrote: post #70
panzagl wrote: post #53

Earlier quoted context omitted.

He doesn't live in California so would see no benefit from the CA tax, while he theoretically would from a Fed increase.

> would see no benefit from the CA tax Well, no benefit except for the 70% of his time he spends there.

True, if he doesn't really care about his family in TX then he should have no reason to care about his taxes not going to benefit them.

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

#98

Post by dkjshfajskdfa »

addicted wrote: post #24

A major issue is that California pays for its own stuff, but it also has to pay for most other states’ stuff as well. A lot of other states get by with lower state tax simply because they are net receivers of federal taxes which supplements stuff Californians pay for themselves.

This argument is specious, it is more complicated then taxes in vs direct federal money release back. What is the net economic benefit of Federal Reserve Bank of New York to New York state considering all the money made by the primary dealers? For example.

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

#99

Post by cpursley »

pjc50 wrote: post #92
cpursley wrote: post #62

Earlier quoted context omitted.

> how effective the state is at spending the money Exactly! I'm okay with higher taxes as long as the jurisdictions who collect them are good stewards of the money. First, governments must prove to me that they can efficiency provide promised services before convincing me to hand over more. How is it that other nations/jurisdictions can have lower taxes than the USA, but still manage to provide for universal healthca…

Singapore is in many ways the anti-America: it's a tiny low-freedom centrally planned one-party state. It earns a good deal of its money from transhipment and being a commercial hub. https://www.bbc.co.uk/news/business-32028693 Russia is a petro-state run by the Mafia.

Sure, those systems aren't perfect. I'm sure there's better examples (Switzerland, Uruguay).

But they still manage to provide a situation where you're not stuck paying student loans for decades or go bankrupt because you happen to get sick. Why can't the USA, a nation with higher levels of freedom and transparency, provide the same despite collecting more tax revenue? I'm not convinced higher taxes is the answer; there's an efficiency problem. Solve that, then we can talk about raising taxes.

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

#100

Post by IvyMike »

ryandrake wrote: post #82
IvyMike wrote: post #70

Earlier quoted context omitted.

> would see no benefit from the CA tax Well, no benefit except for the 70% of his time he spends there.

But, what benefit is he getting during his temporary stays there that is worth anything close to the 13% they're taking? California's budget is about 35% health care (his doctor is probably back in Texas), 20% education (his kids if he has any go to school in Texas), and about 20% to pensions for state workers, which he obviously derives no benefit from. So how do you justify taxing someone who doesn't live here base…

> what benefit is he getting during his temporary stays there that is worth anything close to the 13% they're taking?

Things that keep people healthier and smarter, and provide infrastructure and livable wages, do in fact benefit people in the state, resident or not.

I mean, if he's in the 13% marginal tax bracket, that means he's making $1M+ a year. ( https://www.tax-brackets.org/californiataxtable ) The fact that California has such jobs while other states don't have as many is at least partially because the state provides an environment in which such jobs can exist.

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