Tax hike on California millionaires would create 54% tax rate

Re:Tax hike on California millionaires would create 54% tax ... by eplanit on Friday July 31, 2020 @01:24PM (#24011029)

I moved to California 25 years ago, and for the past 10 have become increasingly motivated to leave; due to not only tax policy, but overall politics. I'm not in the 0.5% they're targeting, but experience teaches me what comes next. The idea that it would be retroactive is very offensive. I'm 95% ready to move as-is; this kind of policy move would push it too 100 immediately.

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Re:Tax hike on California millionaires would create 54% tax ... by thaumaturgy on Friday July 31, 2020 @01:28PM (#24011089)

California's still experiencing a housing shortage. I'm very enthusiastically in favor of anyone moving out of the state if they're unhappy with it.

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Re:Tax hike on California millionaires would create 54% tax ... by eplanit on Friday July 31, 2020 @01:51PM (#24011389)

"California's still experiencing a housing shortage"

It is, indeed -- a result of the very policy-making I'm referring to. I'll enthusiastically leave that, the ever-increasing homeless population, the high taxes, and all the rest behind when I leave.

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Re:Tax hike on California millionaires would create 54% tax ... by lern_too_spel on Friday July 31, 2020 @02:11PM (#24011675)

If you've been a homeowner for that long, California's recently arriving high income population is subsidizing you.

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