Posted on 01/12/2014 2:01:19 PM PST by 2ndDivisionVet
When golfer Phil Mickelson hinted last January that he might leave California because of a big jump in his federal and state tax rates, it was met with such venom that he later apologized, saying it was insensitive to state his opinion publicly when people are living paycheck to paycheck.
Mickelson still lives in California, but other wealthy people say they have moved out mainly or partly because of skyrocketing tax rates. Whether you sympathize or not, millionaires' migrating out of California has serious consequences to the state's bottom line and is something state leaders are watching closely.
In 2011, the top 1 percent of tax returns accounted for 41 percent of the state's personal income tax revenues, and that was before Proposition 30 raised rates on the rich. Meanwhile, about half of California adults paid no state income tax that year, according to an estimate from the state Finance Department.
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.
Taxes in New York City, where he has started a new website, Bustle.com, are also high. Goldberg says his exodus "was more about creating a statement than it was about maximizing my personal income."(continued)
(Excerpt) Read more at sfgate.com ...
You didn’t post # 26
Getting old. Yeah, I meant #32, which responded to #26.
Do they let you drive on Sundays too?
Well, you have to have a note from your wife...
But seriesly...
It's probably a remnant of the old Puritan Blue laws. Massachusetts and Maine don't let you hunt on Sundays, but in NH you can.
“The facility was build with bonds, not tax dollars.”
You forgot the sarcasm tag.
I know. Build a wall. Not a wall between California and Mexico that would stop drug cartels, illegals, and terrorists. But a wall between California and the United States to keep their millionaires from escaping.
I really do begin to wonder if there should be some kind of clause that you can only vote if you are known to be volunteering in some capacity. There are plenty of places where you can volunteer to serve without having to see literal combat.
Fully agree; we need to stop this insane determination to support the self destructive states. Let them go belly up and learn a few lessons about reality.
People like the throw around “straw man” attacks ...sometimes they’re right, sometimes...not
But I like it’s evil cousin, the tar baby... Make someone screech about their own misconceptions...
Throw out a statement like “over 40% of the people in CA are millionaires.” The libtards will invoke “working poor” and full time and needs food stamps.
Then you remind them that 41% of adults pay no taxes in CA... which obviously means they are millionaires, because millionaires don’t pay taxes
errrr
half of CA residents are millionaires... heck even better for the tar baby tactic
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