Posted on 03/20/2024 6:35:41 AM PDT by airdalecheif
Leftists are just complete scum. Government is their god.
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.
Well you elected a Dictator
California should create a tax for any new businesses moving there.
They should call it the “stupid tax”.
;-)
You can check out anytime you like, but you can never leave.
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.
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……
Escape from CA.
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.
I’m glad I left CA back in 2001, and no longer work for a CA-based company.
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.
How is this legal?
I sold in Maryland in 2014 to Florida. I don’t remember that tax at all.
Never heard of this: https://freerepublic.com/focus/chat/4225557/posts?page=7#4
“… 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.
This unconstitutional theft will not stand in court.
Keep voting Democrat California.
How is that not some Bill of Attainder on one set of people???????/
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.
/s
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