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A comment on Because of asset seizures, I am starting my new company outside California. Parent comment

Re:Because of asset seizures, I am starting my new company o... by sybhn on Monday March 25, 2013 @07:00PM (#5440282)
Stupid question, but once your income has been taxed and you turn the net into an asset, and then the state comes back in and tell you that the money you used to buy this asset really belonged to the state, isn't that asset seizing?

Edit 1: SP

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Re:Because of asset seizures, I am starting my new company o... by muzz on Monday March 25, 2013 @08:22PM (#5440606)
Stupid question, but how did you pay 2012 taxes before 2012 was over?
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Re:Because of asset seizures, I am starting my new company o... by sybhn on Monday March 25, 2013 @09:19PM (#5440828)
well i didn't! hypothetically, we'd be talking about my 2011 earnings, already taxed, being retroactivity taxed (again) in fiscal year 2012.
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Re:Because of asset seizures, I am starting my new company o... by muzz on Monday March 25, 2013 @09:28PM (#5440867)
well, that definitely is hypothetical, because that's not what happened
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Re:Because of asset seizures, I am starting my new company o... by sybhn on Monday March 25, 2013 @11:38PM (#5441237)
"This despite the fact that I already paid my 2012 taxes back in September." fiscal year does not necessarily equals calendar year, how do you know for a fact that's not what happened?
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Re:Because of asset seizures, I am starting my new company o... by muzz on Tuesday March 26, 2013 @01:38AM (#5441567)
Prop 30 raised personal income tax (and sales tax, a separate point), which is based on calendar years.
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