“Soon you’ll need special permission to leave California.”
That’s not even a joke. Before we left in 2010 they were kicking around the idea of an “Exodus Tax”, and it was getting some interest in Sacramento.
“Soon you’ll need special permission to leave California.”
That’s not even a joke. Before we left in 2010 they were kicking around the idea of an “Exodus Tax”, and it was getting some interest in Sacramento.
Apparently 3 states are trying to bludgeon taxes on part time citizens: Oregon, NY and California.
A friend just lost her husband, They met in NY and got married 5 years ago and moved to California where he worked for the government for decades before retiring.
The husband owned some coastal property in Oregone and had not used the property for 2 decades and had a worthless relative moved into the property for 2 decades and never paid rent.
Now Oregone is say she owes taxes on rent never received by her husband with fines.
NY has something similar going on re their living in California 5 years before he died.
She was warned by a friend to never marry the man she loved.
If you sell a California property for a 1031 exchange elsewhere, you are required to file California 540 forms for the next 5 years, and if you ever dare convert the property to a different use, you must file one more 540 so California can, in their words, as written in the law, "CLAW BACK" your tax savings!
Of a bit of interest is that some states (Texas included) are/were considering a ‘new-comers’ tax where new arrivals had to pay a fee for moving to the state. I think Texas shelved that idea because while it is easy to identify new-comers via public records or drivers license applications, without a state income tax or some such mechanism it is difficult to collect the fee. There is also some discussion between state, county, city officials about the fee distribution.
IMHO opinion the fee is not as important as managing new-comers voting habits. I propose that new-comers cannot vote in local elections for 3-5 years after arriving. They can of course still vote in the state from where they came so there is no denial of voting rights.
I have a similar proposal for the illegals that may somehow be allowed to vote, but their wait is 18 years. That number is derived from this: the left is tired of waiting 18 years to grow new democrats (birth to voting age) so they are importing millions of illegals with the intent to give them the right to vote hoping that the majority will vote D. I propose that unless an immigrant is a naturalized citizen, the illegals cannot vote until they have lived in the USA for a continuous 18 years.