Posted on 01/15/2014 9:21:21 PM PST by Beave Meister
It’s okay, the 1 percent only pays 41 percent of California’s income taxes. And half the state pays no income tax at all. No one will even notice they’re gone.
Prop. 30, approved by voters in November 2012, raised state income taxes retroactively to Jan. 1, 2012, on singles making more than $250,000 and married couples making $500,000. It raised rates by one, two or three percentage points through 2018, bringing the top rate on incomes above $1 million to 13.3 percent, the highest in the nation.
Bryan Goldberg, who founded the Bleacher Report sports website and sold it to Turner Broadcasting for about $200 million in mid-2012, is moving his primary residence from San Francisco to New York this year. A major reason, he says, is Prop. 30 and the way it was applied retroactively.
(Excerpt) Read more at frontpagemag.com ...
I guess he’ll need some Texas Hospitality lessons.
Always an unhinged guy. A Shreiker, not a thinker.
Decidedly not a likely contributor to our Great State.
California is a beautiful state. I imagine it would be hard to leave.
It is a pity; it used to be a conservative state.
Hey, it's a pity the U.S. used to be home to a united people and our borders were secure and government didn't want to control literally everything you did...
Of course the ugly reality is nothing stays the same, regardless of where ya live. Including where you live.
Yes, you can grow your own fruits and vegetables here. I live on 3.5 acres and grow everything from avocados to citrus to grapes to olives. But I know I could live far better elsewhere where I'm not being taxed to death to pay for the latest California leftist's handouts to ILLEGAls and other vermin who are milking the taxpayer dry. That small fortune you mentioned is growing faster than you may think.
Hey, everyone is free to hit the freeway and head eastbound.
I understand for years now liberals are leaving and infesting other states...I’ve seen the complaints here for years now.
I say the more that leave the better and hope the trend continues.
BTW and the exact same is happening in D.C. with your fed gov and in many other states...I personally no longer trust anyone in government, regardless of party.
And remember politics is cyclical...Maybe things will turn around for CA and the rest of America politically. Who knows...
I own property in Idaho. I've owned it since the early 90s. I visit there often but have yet to talk myself into moving there and taking the chance on being so far from my business. I have recently thought about selling what it took me 35-years to create. That's a hard decision, though.
Ya gotta do what ya gotta do.
BTW, a good percentage of those rich folk are leftist liberal folk with big dollars...
Idaho is nice, but way too cold from me...And as ya get older, the cold bites down really hard.
The property is near Coeur d’Alene. It gets cold there but doesn’t get that much snow. I’ve spent many a winter there. I can handle it. Now if I could just convince the wife to go. She likes it too, as a place to visit, but her roots are in San Diego.
And ya do have a point. I know some hard core leftist idiots with bucks who run big biz, and some of them are even turning on their boy Obama. He’s clearly a disaster, and most of them know it...Some are even admitting it.
Again...Who knows what the next 5 or so years have in store for CA and the rest. I’m not real confident things will turn around by traditional means...But hopefully it will.
With us natives CA is a love hate/relationship...I’ve been to nearly every state and a dozen countries...But I’m still here because of biz and what was said in #40..
Just remember, once ya leave and to points north or east, you can forget this Mediterranean style year round weather and all the things to do, all within and hour or two drive. We have a somewhat remote hideout up in the mountains within a 2 hour drive, and it’s where we escape when needed. I can pretend I am in Montana but with much better weather...lol
If you were in the upper income tax bracket in California, with the money you can save by moving elsewhere, you could rent a luxury home in California for a vacation any time you wanted to and still save money.
Alternative headline....”State says rich people bad; still hurt when they leave”
and guess what folks...NYS is a gorgeous state as well...
but these places are run by libtardians and there is no escaping their tentacles...
Oh sure, he’ll save lots of money moving to New York!
I have to agree with you; I’m sick of hippies who live on campus voting to raise taxes, for some reason not seeing the damage it does to their aspiration to live a comfortable lifestyle.
I found it much easier to live in Arizona and visit Cal. when I wanted to enjoy it’s amenities. Flop around in the ocean then head up the coast highway and go home.
No desire at all to live there, none.
He moved to NEW YORK??? Not much of a diff. in taxes.
What really sucks is wherever they land will be blighted. Too bad for the rest of us...wished we could wall the place up to keep the cesspool contained.
Sounds good.
As long as your domicile is Reno or Carson City. IOW, enjoy California's amenities, but let its voters pay for them (or not).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.