Kalifornia exit tax incoming

5,543 Views | 58 Replies | Last: 9 days ago by fullback44
techno-ag
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:27p, 4/24/24
AG
https://www.foxnews.com/opinion/thinking-moving-your-blue-state-may-soon-charge-you-exit-tax

Quote:
California already has cities that include "mansion taxes" for sales of real estate properties. This is why you've seen so many wealthy people move to Nevada. Business owners often tell me that California is one of the of the most difficult states to do business in right now.

With all these factors, many people who have built up their wealth are now thinking the Golden State isn't so golden anymore.

So, how does California attempt to solve their massive deficit problem and create a new tax scheme that other broke blue states are likely to follow? They create an EXIT TAX for those who want to move from the state.
…
The exit tax is 0.4% of an individual's net worth over $30 million in a tax year, no matter where it's located -- within California, other states within the U.S. or overseas. This amount is halved to $15 million if a married taxpayer files a separate return to their spouse. This EXIT TAX follows you to another state for up to 10 years.
As usual unforeseen consequences will come about because of this. You might see people find loopholes to "lose" their wealth before moving, or some interesting court cases.

Anyway the immediate effect is to put wealthy people on notice. Don't even think about moving to Kalifornia. It's like the hotel. You can check in but you can never leave.
Buy a man eat fish, he day, teach fish man, to a lifetime.

- Joe Biden

I think that, to be very honest with you, I do believe that we should have rightly believed, but we certainly believe that certain issues are just settled.

- Kamala Harris
Reply Quote
23
digging tunnels
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:28p, 4/24/24
AG
More reasons why California sucks
Reply Quote
48
Little Rock Ag
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:29p, 4/24/24
AG
I don't see how that is legal, and, secondly, how can they enforce it if you move to another state?
Reply Quote
132
Tramp96
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:29p, 4/24/24
How is that remotely constitutional?
DeSantis 2024
Reply Quote
98
Anastasia Beaverhaven
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:29p, 4/24/24
Just don't pay it. What are they going to do?
Reply Quote
101
AgGrad99
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:29p, 4/24/24
AG
Are taxes like this even legal? If you leave, how could they enforce it?
Reply Quote
7
Logos Stick
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:30p, 4/24/24
You can vote your way into a Marxist hellhole, but you have to shoot (or pay) your way out.
Reply Quote
65
Hubert J. Farnsworth
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:30p, 4/24/24
That is tyranny.
Reply Quote
39
itsyourboypookie
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Little Rock Ag • 12:31p, 4/24/24
Little Rock Ag said:
I don't see how that is legal, and, secondly, how can they enforce it if you move to another state?


They froze an account that belonged to Grant Cardone over $700 worth of taxes owed
Reply Quote
1
JWinTX
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Anastasia Beaverhaven • 12:32p, 4/24/24
Anastasia Beaverhaven said:
Just don't pay it. What are they going to do?
If you move to a red state, they wont do anything. Move to a blue or purple state? They'll probably get reciprocity in helping CA get their money.
Reply Quote
6
TxAgPreacher
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:32p, 4/24/24
S
Why don't we just all vote to kick comiefornia out of the USA, and have a conservative supermajority for decades.
Reply Quote
37
El Gallo Blanco
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Tramp96 • 12:32p, 4/24/24
Tramp96 said:
How is that remotely constitutional?
You think that crosses the evil demented pea brain of a single lib when it comes to anything? They're godless, evil, vindictive and envious sacks of ****. Every single one.
Reply Quote
32
1 edit
AgNav93
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:32p, 4/24/24
AG
California has become like the ACC, a ****ty football conference, that makes you pay to leave. Congrats dimwit voters you managed to turn the Golden state into the brown state.
Reply Quote
16
fixer
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:34p, 4/24/24
Let them eat their own. Penalizing the emigration from blue states is a good thing.
Reply Quote
6
MouthBQ98
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to fixer • 12:43p, 4/24/24
AG
fixer said:
Let them eat their own. Penalizing the emigration from blue states is a good thing.


People say this, but it is statistically the red voters who mostly are leaving. They actually make the states they go to mostly more red.
Reply Quote
6
PCC_80
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:44p, 4/24/24
AG
They are starting at $30Mill in Net Worth and for 10 years after leaving. Bet those numbers comes down really really quick. Maybe 5 years from now it will be $100K in Net Worth and they will want to tax you for 20 years. SCOTUS or Congress needs to nip this crap in the bud.
Reply Quote
23
JW
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:46p, 4/24/24
AG
Rich leftists will flock to red states and vote the same way. It will be different this time they say.
Reply Quote
4
4stringAg
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:46p, 4/24/24
AG
Something about taxation without representation. If you are living in another state and still have to pay a tax to California for up to 10 years after you leave, that's seriously ****ed up. It might deter some from leaving but it will for sure deter a ton of wealthy taxpayers from ever moving to that hellhole state.
Reply Quote
7
rocky the dog
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:53p, 4/24/24
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
- Alfred E. Neuman
Reply Quote
14
MousepadMarauder
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:56p, 4/24/24
AG
They will enforce it with a state court judgment and the full faith and credit clause of the United States constitution.
Reply Quote
1
misterguinness
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:58p, 4/24/24
AG
Wondering how much this will deter elite professional athletes who may consider the Dodgers, Lakers, etc.
2+2=5
Reply Quote
9
Slicer97
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 4stringAg • 1:00p, 4/24/24
AG
4stringAg said:
Something about taxation without representation. If you are living in another state and still have to pay a tax to California for up to 10 years after you leave, that's seriously ****ed up. It might deter some from leaving but it will for sure deter a ton of wealthy taxpayers from ever moving to that hellhole state.


I seem to recall a couple of wars fought because of this.

I don't think this will survive a legal challenge. If it does, it's worth going hot over.
Reply Quote
14
DrEvazanPhD
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to MousepadMarauder • 1:03p, 4/24/24
MousepadMarauder said:
They will enforce it with a state court judgment and the full faith and credit clause of the United States constitution.
Does California honor my CHL?
Reply Quote
15
Teslag
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 4stringAg • 1:06p, 4/24/24
AG
4stringAg said:
Something about taxation without representation. If you are living in another state and still have to pay a tax to California for up to 10 years after you leave, that's seriously ****ed up. It might deter some from leaving but it will for sure deter a ton of wealthy taxpayers from ever moving to that hellhole state.


Bigger issue is that it violates the takings clause
Reply Quote
fixer
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to MouthBQ98 • 1:52p, 4/24/24
MouthBQ98 said:
fixer said:
Let them eat their own. Penalizing the emigration from blue states is a good thing.


People say this, but it is statistically the red voters who mostly are leaving. They actually make the states they go to mostly more red.


Does your own intuition and observations indicate the statistics have any validity?
Reply Quote
1
JFABNRGR
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:01p, 4/24/24
AG
I hope TX enforces this for CA and sends them back to stand trial.....permanently.
Reply Quote
2
annie88
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to techno-ag • 4:13p, 4/24/24
AG
I don't care where they go, but they better not ****ing come to Texas. Because they'll bring that just crap with them. They've ruined their states and instead of moving away from the Democratic Party, they will still support and vote for them, it's truly astonishing. Seriously these people can just go screw themselves.
Reply Quote
8
UTExan
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Tramp96 • 4:31p, 4/24/24
Tramp96 said:
How is that remotely constitutional?

It ain't.
That won't stop them because they have demonstrated subzero respect for the constitution.
It is better to light a flamethrower than to curse the darkness- Sir Terence Pratchett
“ III stooges si viveret et nos omnes ad quos etiam probabile est mittent custard pies”
Reply Quote
6
MemphisAg1
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:33p, 4/24/24
AG
Does anyone know how California claims to still have taxing authority over someone after they leave the state?
Reply Quote
9
AggieMD95
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:01p, 4/24/24
AG
Like a virtual Berlin Wall going up.

Once the west German economy took off under non progressive govt , citizens fled at similar rates to get to economic freedom
Reply Quote
5
Mas89
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to annie88 • 8:11p, 4/24/24
AG
Reply Quote
2
1 edit
Muy
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Little Rock Ag • 8:17p, 4/24/24
AG
Little Rock Ag said:
I don't see how that is legal, and, secondly, how can they enforce it if you move to another state?


Liberals are simply lazy and unserious thinkers. Their only solution to people leaving is to punish them financially.
Reply Quote
4
redcrayon
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to MouthBQ98 • 8:18p, 4/24/24
AG
MouthBQ98 said:
fixer said:
Let them eat their own. Penalizing the emigration from blue states is a good thing.


People say this, but it is statistically the red voters who mostly are leaving. They actually make the states they go to mostly more red.


Any stats to back this up? I've only ever seen people quote one exit poll.
Reply Quote
1
AgDad121619
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to techno-ag • 8:20p, 4/24/24
AG
techno-ag said:
https://www.foxnews.com/opinion/thinking-moving-your-blue-state-may-soon-charge-you-exit-tax

Quote:
California already has cities that include "mansion taxes" for sales of real estate properties. This is why you've seen so many wealthy people move to Nevada. Business owners often tell me that California is one of the of the most difficult states to do business in right now.

With all these factors, many people who have built up their wealth are now thinking the Golden State isn't so golden anymore.

So, how does California attempt to solve their massive deficit problem and create a new tax scheme that other broke blue states are likely to follow? They create an EXIT TAX for those who want to move from the state.
…
The exit tax is 0.4% of an individual's net worth over $30 million in a tax year, no matter where it's located -- within California, other states within the U.S. or overseas. This amount is halved to $15 million if a married taxpayer files a separate return to their spouse. This EXIT TAX follows you to another state for up to 10 years.
As usual unforeseen consequences will come about because of this. You might see people find loopholes to "lose" their wealth before moving, or some interesting court cases.

Anyway the immediate effect is to put wealthy people on notice. Don't even think about moving to Kalifornia. It's like the hotel. You can check in but you can never leave.
shoot why stop there. Need to tax the folks who have never lived there because they don't live there now.
Reply Quote
2
Fightin_Aggie
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to techno-ag • 8:28p, 4/24/24
AG
techno-ag said:
https://www.foxnews.com/opinion/thinking-moving-your-blue-state-may-soon-charge-you-exit-tax

Quote:
California already has cities that include "mansion taxes" for sales of real estate properties. This is why you've seen so many wealthy people move to Nevada. Business owners often tell me that California is one of the of the most difficult states to do business in right now.

With all these factors, many people who have built up their wealth are now thinking the Golden State isn't so golden anymore.

So, how does California attempt to solve their massive deficit problem and create a new tax scheme that other broke blue states are likely to follow? They create an EXIT TAX for those who want to move from the state.
…
The exit tax is 0.4% of an individual's net worth over $30 million in a tax year, no matter where it's located -- within California, other states within the U.S. or overseas. This amount is halved to $15 million if a married taxpayer files a separate return to their spouse. This EXIT TAX follows you to another state for up to 10 years.
As usual unforeseen consequences will come about because of this. You might see people find loopholes to "lose" their wealth before moving, or some interesting court cases.

Anyway the immediate effect is to put wealthy people on notice. Don't even think about moving to Kalifornia. It's like the hotel. You can check in but you can never leave.
This seems like a blatant interstate commerce violation that would get laughed out of court

But I guess its (D)ifferent
The world needs mean tweets

My Pronouns Ultra and MAGA

Trump 2024
Reply Quote
4
1 edit
Page 1 of 2 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.