Re:California wants to end Cupertino's tax deal with Apple
by yieldcrv on Monday November 06, 2023 @11:51AM
(#38165027)
anybody wealthy with 5 minutes of asset planning can avoid california taxes
thats why they’re not really leaving
buy $10mm worth of 30 year US treasuries today and make $500,000/yr, only paying federal income tax on that
its really not that hard.
(core inflation is lower than the treasury rates right now, and for things that rise faster in sure you’ll figure out how to buy orange juice.)
and entrepreneurs have so many deductions against their income its insane, only high earning wage workers have the issue but think their situation just gets worse as they get richer when thats not really the case
thats why they’re not really leaving
buy $10mm worth of 30 year US treasuries today and make $500,000/yr, only paying federal income tax on that
its really not that hard.
(core inflation is lower than the treasury rates right now, and for things that rise faster in sure you’ll figure out how to buy orange juice.)
and entrepreneurs have so many deductions against their income its insane, only high earning wage workers have the issue but think their situation just gets worse as they get richer when thats not really the case