California plan for wealth tax on anyone who spends 60 days a year in the state

Re:California plan for wealth tax on anyone who spends 60 da... by AnimalMuppet on Saturday December 19, 2020 @01:30PM (#25479772)

So if one year I spend 60 days in California, I owe the tax for the next 10 years? That seems indefensible. In fact, if they implement this, I'm pretty sure there's going to be a Supreme Court case, and IANAL, but I suspect California will lose.

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Re:California plan for wealth tax on anyone who spends 60 da... by laurent92 on Saturday December 19, 2020 @02:26PM (#25480338)

The best bet of each other state is NOT to send this to SCOTUS, because then they will all benefit from an accelerated exode:

- Cali has concentrates most of the entrepreneurship... of the entire world for the next century, so a bit of decentralization would be a trickle-down equivalent,

- There is already an exode to Texas,

- This rule will make people move,

- And also cancel all their meetings in Cali, to avoid reaching anywhere close to the 2 months per year threshold.

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Re:California plan for wealth tax on anyone who spends 60 da... by AnimalMuppet on Saturday December 19, 2020 @04:00PM (#25481158)

It doesn't have to be the states filing suit. It can be the rich taxed individuals. They can buy the kind of lawyers it would take to effectively run that lawsuit.

[ Parent | on HN ]