To: MtnClimber
The California plan from Fox:
This is a one-time tax that must be paid by businesses and individuals who relocate outside the state. The tax is based on the value of the business or individual’s assets, including property, stocks and other investments, but not real estate.
2 posted on
04/24/2024 10:07:29 AM PDT by
MtnClimber
(For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
To: MtnClimber
Sounds rather unconstitutional to me, but...
To: MtnClimber
The article said that the tax “follows” for ten years. Does that mean that it is paid annually for ten years?
9 posted on
04/24/2024 10:22:17 AM PDT by
bwest
To: MtnClimber
Sell your business. Then put enough of your assets in a trust (preferably overseas). Then viola! You don’t have the assets in your name to qualify.
21 posted on
04/24/2024 10:49:34 AM PDT by
FLT-bird
To: MtnClimber
You missed the tax is for those over 30 million dollars part……
29 posted on
04/24/2024 11:17:58 AM PDT by
napscoordinator
(DeSantis is a beast! Florida is the freest state in the country! )
To: MtnClimber
The tax is based on the value of the business or individual’s assets, including property, stocks and other investments So California believes those assets belong to them and the individual must compensate California for their loss?
31 posted on
04/24/2024 11:34:17 AM PDT by
MileHi
((Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
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