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To: Zathras

That is child play in California.

There are some bills currently going through the legislature that would raise the top income tax bracket to 16% plus they want to install a first in the nation wealth tax with a 10 year retroactive clause. Meaning if you leave the state when the wealth tax passes you’re still on the hook to California for another 10 years.

Or if you left California 3 years ago, you suddenly owe California the wealth tax for another 7 years! How can this possibly be constitutional is beyond me. The tax kicks in if you have over $15 million in assets (single filer) or $30 million for joint filers.


8 posted on 08/19/2020 9:30:59 PM PDT by aquila48 (Do not let them make you care! Guilting you is how they control you.)
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To: aquila48

That’s gotta be ex post facto. Hey, you know how you moved out five years ago and paid all the taxes that were due? Well, we just passed a new law that says you now owe more money! From when you lived in our jurisdiction. Five years before we passed the law. Now pay up.


12 posted on 08/19/2020 10:31:32 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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