In 2020, the California legislature entertained a bill (AB 2088) that would have enacted the nation’s first wealth tax—a 0.4% annual tax on wealth over $30 million. Recognizing its potential to cause California flight, the bill would have continued to impose the tax for ten years after a resident left the state.
Can California tax you if you leave?
Under the California Revenue and Tax Code §17591, if you have left California but still have financial ties to the state, you’re still considered responsible for paying state income tax on income earned within the state. California uses something called “source income” to determine who is obliged to pay state tax.
Where did I live for a year in California?
In my year as a Californian, I’ve managed to live in both Southern and Northern California. I never considered my move to be switching teams or changing sides; it was just an opportunity to continue exploring and adventuring. While a year might not seem like a long time, I’ve learned and grown over the past 12 months.
How old was I when I became obsessed with California?
When I was 15, I was obsessed with the idea of California. After a family vacation to San Diego County, the intensity of my interest only heightened.
Why is California a unsustainable place to live?
California is a place unlike any other on the Globe. It boasts perhaps the greatest natural resources of any state along with shining high-tech industries. However, like many good economic stories, government policies threaten its future. Indeed, its government has made California unsustainable.
Are there any good reasons to leave California?
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