Because of asset seizures, I am starting my new company outside California

Re:Because of asset seizures, I am starting my new company o... by mentat on Monday March 25, 2013 @06:44PM (#5440200)

The issue is that it's retroactive. That income had become an asset to suddenly be considered as income again. The retroactive nature of the proposition was not in any of the official summary documentation for the election either.

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Re:Because of asset seizures, I am starting my new company o... by joshAg on Monday March 25, 2013 @08:25PM (#5440622)

That's not what happened, the tax law was found to be invalid by a court, so all taxes paid under the law had to revert to the rate paid under the previous law.

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