Goodbye, New York, California and Illinois – Hello where?
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Re: Goodbye, New York, California and Illinois – Hello where?
#2It shouldn't be too surprising: California and New York are in top 5 by population size.
ps - their use of "hemorrhaging" to describe movement of people feels inappropriate.
Re: Goodbye, New York, California and Illinois – Hello where?
#3An interesting thing we learned is that if we move out of the country for, say, 3 years, unless we set up our lives so we have no intention of remaining California residents, the state will continue to pursue us for income taxes even while overseas. Federal law has a different system which makes more sense -- a tax exemption while overseas.
Given that we expect to spend a substantial amount of time overseas in the future for personal reasons, I'm thinking we may need to move to a zero tax state in the US first, just to get out from under the sway of California.
I'm curious if anyone else on HN has experience with this.
Re: Goodbye, New York, California and Illinois – Hello where?
#4From the few of these people I have spoken with - anecdotally:
- None left because of the fire risk, specifically. [though some obviously did - 2]
- Most left because of the cost of living: $600k avg home price.
- Some also left because of political and human environment: We have homeless encampments on our bike trails. We have fires caused by illegal cooking fires at these encampments. Petty crime is increasing, and state laws are only enabling this - people are sick of it.
1 - https://www.pressdemocrat.com/news/9149705-181/sonoma-county...
2 - https://www.azcentral.com/story/news/local/arizona/2019/04/2...
Re: Goodbye, New York, California and Illinois – Hello where?
#5So 75,386 (taxpayers and dependents) moved from IL to FL and their average income was $135K.
That seems to imply that they all took their high paying jobs with them somehow.
Re: Goodbye, New York, California and Illinois – Hello where?
#6I live in California. An interesting thing we learned is that if we move out of the country for, say, 3 years, unless we set up our lives so we have no intention of remaining California residents, the state will continue to pursue us for income taxes even while overseas. Federal law has a different system which makes more sense -- a tax exemption while overseas. Given that we expect to spend a substantial amount of t…
If you move to say, Nevada, before moving to China or wherever, but you always intended to return to CA afterwards, then for state tax purposes you never stopped being a CA resident. So, for example, if you keep a storage locker with your furniture in Cupertino for when you return, you clearly never intended to permanently leave and so you're still a CA resident for tax purposes.
If you don't plan on coming back to CA after moving to China or wherever, you stop being a CA resident immediately and only owe state taxes for the part of the year you still lived in CA. And it's easy to show that you are no longer a CA resident, for example, by selling all of your CA-based property.
Re: Goodbye, New York, California and Illinois – Hello where?
#7Would be great if their charts were showing % rather than absolute numbers (or at least would show % in addition to absolute numbers). It shouldn't be too surprising: California and New York are in top 5 by population size. ps - their use of "hemorrhaging" to describe movement of people feels inappropriate.
Business is full of otherwise wildly inappropriate phrases, like “drink the kool-aid” in reference to the mass suicide of nearly 1000 people in the Jonestown cult. I have no idea how that’s considered an appropriate phrase for any situation but I hear it constantly in office settings.
Re: Goodbye, New York, California and Illinois – Hello where?
#8Sonoma County, CA here. We've lost more people from our county than any other in the state between 2017-2018 [1], and it is only continuing. From the few of these people I have spoken with - anecdotally: - None left because of the fire risk, specifically. [though some obviously did - 2] - Most left because of the cost of living: $600k avg home price. - Some also left because of political and human environment: We hav…
> homeless encampments on our bike trails
These seem linked somehow...
Re: Goodbye, New York, California and Illinois – Hello where?
#9Re: Goodbye, New York, California and Illinois – Hello where?
#10Would be great if their charts were showing % rather than absolute numbers (or at least would show % in addition to absolute numbers). It shouldn't be too surprising: California and New York are in top 5 by population size. ps - their use of "hemorrhaging" to describe movement of people feels inappropriate.