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A comment on California is chasing wealth that has feet. Parent comment

Re:California is chasing wealth that has feet by fhn on Thursday September 24, 2026 @06:39PM (#49837727)
I'm not a finance person but I think capital gains kicks in if you sell early. Otherwise, just regular taxes?
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Re:California is chasing wealth that has feet by Ancalagon on Thursday September 24, 2026 @06:49PM (#49837852)
opposite, income taxes take place first. after a waiting period, its just capital gains. capital gains taxes are typically lower than income taxes so this encourage long term holding
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