Leaving California is harder than you think…
#31
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Oh they know property tax is harmful, that’s why they grandfathered themselves in to the low cost basis of back when they purchased.
The only thing worse than everyone paying the same tax rate, is when one group of people legislates themselves a loophole to pay lower taxes than their neighbors while receiving the exact same services.
The only thing worse than everyone paying the same tax rate, is when one group of people legislates themselves a loophole to pay lower taxes than their neighbors while receiving the exact same services.
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#32
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Joined APC: Jul 2018
Posts: 1,100
#33
#35
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Posts: 522
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If this passes, I think the state will see an exodus beyond its current level. My wife is a respiratory therapist (about as solidly of a middle-class job there is), and single filers with her job would see themselves fall into the 11.55% tax bracket, only about half a percent shy of California's current top tax rate. Talk about destroying your state by causing your entire tax base to leave. Under this plan the highest tax bracket would jump to 18.5%.
But to add to it, the gross receipts and payroll taxes on businesses is probably even more of a state destroyer than the personal income hikes.
Thankfully I will be hitting ATP mins this year and we can get the **** out of this decaying hell hole.
But to add to it, the gross receipts and payroll taxes on businesses is probably even more of a state destroyer than the personal income hikes.
Thankfully I will be hitting ATP mins this year and we can get the **** out of this decaying hell hole.
#36
#37
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I heard the old saw it is next to impossible to get a job with a degree that ends in the word “studies”. Other than academic jobs teaching more in those courses, I think there is a lot of truth.
#40
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Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
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Good luck moving out of CA. U-haul ran out of trucks a month ago.
https://www.uhaul.com/Articles/About...Of-2021-26380/
https://www.snopes.com/fact-check/u-haul-california/
I'm sure that CA is expecting to keep getting a lot of tax revenues off of silicon valley. Apple and Alphabet have some nice big headquarters buildings there.
https://www.uhaul.com/Articles/About...Of-2021-26380/
https://www.snopes.com/fact-check/u-haul-california/
I'm sure that CA is expecting to keep getting a lot of tax revenues off of silicon valley. Apple and Alphabet have some nice big headquarters buildings there.
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