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California Is Charging Residents Who Want to Leave the State With New Exit Tax
msn ^ | unknown | Wikimedia Commons

Posted on 03/20/2024 6:35:41 AM PDT by airdalecheif

Finance expert John Williams has recently analyzed California's new tax policies, which include the introduction of a wealth tax targeting affluent residents and an exit tax for those relocating out of the state.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Chit/Chat; Local News; Society
KEYWORDS: california; communism; despotism; exittax; taxes; unconstitutional
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Leftists are just complete scum. Government is their god.


21 posted on 03/20/2024 6:52:41 AM PDT by imabadboy99
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To: airdalecheif

I have family/relatives that saw this coming awhile back....
They already wanted out of that crazy shitehole bad, but this crap was the final straw.
They sold their property for a nice tidy sum, took all their money and ran.....
They left NOTHING in CA except their dust trail to the border....giving the craphole the middle finger in the rearview mirror as they crossed the line.
Can’t say as I blame em.....LOL.


22 posted on 03/20/2024 6:53:40 AM PDT by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created..." )
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To: airdalecheif

Well you elected a Dictator


23 posted on 03/20/2024 6:54:19 AM PDT by butlerweave
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To: econjack

California should create a tax for any new businesses moving there.

They should call it the “stupid tax”.

;-)


24 posted on 03/20/2024 6:57:28 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: airdalecheif

You can check out anytime you like, but you can never leave.


25 posted on 03/20/2024 6:58:33 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: xoxox
Never heard of it? Maryland has had the exit tax for a while. if you arent a permanent resident for 5 years they tax your home sale. -

When you sell real estate in Maryland and are not a resident of the State of Maryland, you need to be aware of the non-resident withholding tax. Since 2003, the State of Maryland has mandated the withholding of income tax on the sale of all real property by non-resident individuals and non-resident entities. The settlement company is required to collect the tax at closing and remit payment along with the deed recording. As of 2019, the withholding tax is 7.5% for non-resident individuals and 8.25% for non-resident entities.

26 posted on 03/20/2024 6:59:28 AM PDT by Ikeon
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To: airdalecheif

Of course today it just the “evil” very rich……. But in the future it would be everyone! Next, did you ever visit California, well there is a visitor exit tax, please provide all your financial information! And lastly, the evil Commies will implement the “Did you ever dream of California tax!”…… please provide all your financial information……


27 posted on 03/20/2024 7:01:01 AM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: joe fonebone

Escape from CA.


28 posted on 03/20/2024 7:03:02 AM PDT by ImJustAnotherOkie
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To: Gay State Conservative
They might pass a law that permits the state to put a lien on all assets of persons changing their tax residency.

Sounds completely illegal, but then that doesn't seem to bother the Democrats (just ask Trump about Letitia James and Judge Arthur Engoron).

Under such a law, if you sell a piece of property, it cannot be transferred to the new owner until it has been established that your new tax residency is still in California. If it is out of state, a tax will be levied on assets owned or held in California.

29 posted on 03/20/2024 7:04:58 AM PDT by RoosterRedux (A person who seeks the truth with a closed mind will never find it. He will only confirm his bias.)
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To: airdalecheif

I’m glad I left CA back in 2001, and no longer work for a CA-based company.


30 posted on 03/20/2024 7:08:14 AM PDT by kosciusko51
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To: cgbg

Yes,that’s true...and pretty obvious. But if a person makes a clean break I can’t see how they’d collect the tax without help from the IRS or DOJ.


31 posted on 03/20/2024 7:08:48 AM PDT by Gay State Conservative (Proudly Clinging To My Guns And My Religion)
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To: airdalecheif

How is this legal?


32 posted on 03/20/2024 7:09:36 AM PDT by for-q-clinton (Cancel Culture IS fascism...Let's start calling it that!)
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To: Ikeon

I sold in Maryland in 2014 to Florida. I don’t remember that tax at all.


33 posted on 03/20/2024 7:11:12 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: Ikeon

Never heard of this: https://freerepublic.com/focus/chat/4225557/posts?page=7#4


34 posted on 03/20/2024 7:17:02 AM PDT by xoxox
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To: Gay State Conservative

“… How does a state enforce an “exit tax”?…”

I do not know. Hawaii has a similar scheme in place. When I relocated from Hawaii to Florida I was informed that I would owe income tax to Hawaii as long I maintained ANY services or banking in the state. My phone service and of course banking was in Hawaii until I could establish myself in Florida. That took several months to find employment, etc.

When the tax notice arrived from Honolulu, I circular filed it. That 12 years ago. Haven’t heard a word since, but I’m still on the voter rolls there.


35 posted on 03/20/2024 7:18:26 AM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda.)
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To: airdalecheif

This unconstitutional theft will not stand in court.


36 posted on 03/20/2024 7:20:21 AM PDT by G Larry (It's RACIST to impose SLAVE WAGES on LEGAL immigrants and minorities by importing ILLEGAL Laborers)
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To: airdalecheif

Keep voting Democrat California.


37 posted on 03/20/2024 7:21:20 AM PDT by Pajamajan (Pray for our nation. Never be a slave in a new Socialist America..)
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To: airdalecheif

How is that not some Bill of Attainder on one set of people???????/


38 posted on 03/20/2024 7:22:31 AM PDT by Captain Peter Blood
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To: kosciusko51

My family relationship with California goes back to the 1820s and purchase of hides for the East Coast trade. It was a lovely state. Once. Left twenty-five years ago and never looked back.


39 posted on 03/20/2024 7:25:45 AM PDT by Bookshelf
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To: napscoordinator
NOW, we've found you! Our collectors will expect interest on top of your tax.

/s

40 posted on 03/20/2024 7:27:13 AM PDT by BipolarBob (If you bring up my past, you should know that Jesus dropped all of the charges.)
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