“This EXIT TAX follows you to another state for up to 10 years.”
This will get shot down. No way in hell California will be allowed to tax a rich guy who moves to Texas for the next 10 years after he departs. And if you refuse, what are they going to do if the new state refuses to enforce their enforcement efforts?
This is very ripe for a supreme court challenge.
> And if you refuse, what are they going to do if the new state refuses to enforce their enforcement efforts? <
If I recall correctly (and I could be wrong), California tried this once before. Let’s say you moved to Texas. And you have a Chase bank account. California would go to a California branch of Chase with a court order, and try to seize your money that way.
Again, I could be wrong. But that’s how I remember it.