Posted on 12/22/2020 2:12:02 PM PST by Kaslin
RUSH: California. They passed this massive tax increase on the rich. So the rich start moving away; California says, “Oh, no, you’re not! You do that, and we are still gonna find you, and we’re gonna get your money.” I’m gonna tell you how they’re gonna do it as a lesson, as a precursor.
BREAK TRANSCRIPT
RUSH: “A California plan…” The Wall Street Journal that has the story. This is from four days ago. I’ll bet not many of you have heard about this. “California’s legislature is considering a wealth tax on residents, part-year residents, and any person who spends more than 60 days inside the state’s borders in a single year. Even those who move out of state would continue to be subject to the tax for a decade. …
The California constitution probably,” it says here, probably, “allows a statewide wealth tax on residents, but any effort to create a tax capable of reaching across state borders is likely to run afoul of the U.S. Constitution.” Well, who’s gonna care about that? We got a Democrat in the White House, got Democrat out in the statehouse of California.
Who’s gonna care about the Constitution? Here’s the point. In California, they created a wealth tax. They’re out of money. They can’t print it. They can’t go into debt like we can, like the federal government can. So they’re constantly in need of money, and the way they do it is the way the Democrats always do it: Go after the rich, go after the wealthy.
So they create this new wealth tax, which is forcing people to leave, like I left New York in 1997. Now, the Democrats have not figured out how to… Well, actually they did it. They pursued me for over 10 years with phantom audits and demands and claims that I was secretly living in New York when I wasn’t. Anyway, they have now said that if you think you’re going to escape this tax by leaving California, you’d better think again, because we’re gonna tax you.
It’s the same wealth tax. We’re gonna tax you wherever you end up for 10 years. “The California Constitution probably allows a statewide wealth tax on residents, but any effort to create a tax capable of reaching across state borders is likely to run afoul of the U.S. Constitution.” Do they not know at the Wall Street Journal that the Democrats don’t give a rip about the U.S. Constitution?
Don’t they know at the Wall Street Journal that nothing the Democrats or the left ever wants “runs afoul of the U.S. Constitution”? Now. “The range of people [that California] proposes to ensnare [with this tax] is staggering: every student attending college in California, anyone having a major medical procedure at a California hospital and needing an extended in-state recovery period, and those who spend two months in California away from New York or London winters.”
This is the 60-day thing that they’re imposing. If you are in California for more than 60 days — not 180, if you’re in California for more than 60 days — we’re gonna tax you as a resident, essentially. You see, under this “tax law, there is no distinction between a nonresident from Minnesota and a nonresident from Dubai.
“The proposed wealth tax would fall on a star high-school or college athlete who grows up in California but becomes a wealthy professional in another state after graduation. It would grab a scientist who develops a drug to cure cancer years after leaving California.” I mean, it will basically allow California to slap a tax on productive people who leave the state to get away from these taxes for 10 years. I mean, it’s just incredible.
So this is how they’re gonna do it. Other states will then pick up on this and institute the same kind of thing, ’cause leftists cannot stop taxing people. I want to see how they’re gonna deal with this. Have you heard about the Rose Bowl moving from Pasadena? Well, they can’t do the game because they’re shut down. So the Rose Bowl is being moved to Jerry Jones’ stadium, AT&T Stadium in Dallas.
“Thanks to the coronavirus pandemic and the strict statewide shut down orders from Gavin Newsom, the College Football Playoff game known as the Rose Bowl will not be played in Pasadena. It’s gonna be played in Arlington, Texas, at AT&T Stadium, home of the Cowboys.” The state of California may not want your money, but Texas is gonna be happy to take it.
“This decision, reached Saturday by the Tournament of Roses and the CFP Management Committee, is all about playing the game in a venue that will allow family and friends into the stadium to watch it.” So these people, they’re on their own. They are on a roll. They are being who they are. The American people will have no excuse not to notice it now.
I’ve said this for years. My spin was “you were here and voted for the bond, so - you will continue to pay for it’ sort of thing.
Expect the rich (and capital) to flee in ever growing numbers...
California is a beautiful state with crazy people in charge.
” This is from four days ago”
Four months ago.
A percentage of your future earnings belongs to the State. Didn’t you know? /s
Just go to Texas. When they send the bill, don’t pay it.
Then never visit Cali again.
The rich don’t care. That’s why 90% voted for democrats. This is all fluff and bluster. Never going to happen.
The Democrat’s need to keep their base in line, so threaten,threaten, and threaten some more. It never comes to pass.
They might send the bill to your bank. The bank, those stalwarts of courage, will assume the government, any government, whether having jurisdiction or not, of course must be in the right rather than their bosses/customers and will send the money.
Another charming thing about California. The device you use to determine why you have a check engine light can't be borrowed from a parts store. Some licensed mechanic has to do it. Probably a law paid for by mechanic companies no doubt.
Also, do not expect expatriate Californians to regard the threats of extraterritorial tax collections as serious. They just could not come “home” again.
California is a great place to be from. Now, it is a great place to be FAR from.
Don’t know where you got your information from, but as a California for 60 years Ihave never had to pay a fine prior to disputing a ticket in court. And as far needing a licensed technician to perform a diagnostic check, that is also false.
then they ruin your credit rating.
When Apple goes, you know its over.
The California Franchise Tax Board tried to tax pensioners who had moved out of state on the theory that if the pension was earned in the state, then by God you’ll pay state income tax on it no where you live now. SCOTUS told them no.
I especially like the part that if you are in the state 60 days, you’ll be taxed as a resident. My granddaughter had to fight for two years to get in-state tuition at San Diego State. During those two years she was paying California Income Tax, but that was irrelevant. Illegals, of course paid in-state tuition, but as an American citizen she was eligible for that. It seems that in the state’s view the definition of ‘resident’ depends on what’s being discussed.
The knowledge is first hand. IT HAPPENED to Me! So who am I going to believe, myself or your claim?
They’ll also report the debt to the credit bureaus.
unconstitutional?
The only reason you would need to pay the fine before contesting it would be because you failed to appear in court on or before the due date. So, yes, if don’t show up by the due date you are in contempt of court and must pay the fine. Othwrwise, you are wrong on both (fines and diagnostics).
California’s Franchise Board has already pursued people who don’t live or work in the state for having a “locus of activity” in California. For example, they went after a man who lives in Arizona, has a business in Arizona, but had a number of California clients.
Reference: Now, California Can Assess Taxes No Matter Where You Live...Really
https://www.forbes.com/sites/robertwood/2019/10/22/now-california-can-assess-taxes-no-matter-where-you-livereally/?sh=36a6a5cf3e7f
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