Biden says his handlers will shoot him if he lays out his tax plan right now.

Tax neutral here. I pay 0% federal income tax and have no state income tax. My only vulnerability is property tax but that is a matter decided locally. I'm heading to the tax assessors office this morning to file for homestead exemption.

Just work it. Its entirely do-able via LLC.

The new California wealth tax (if it passes) will trap you. Even if you leave the state you will be subject to California's wealth tax for 10 years. Get out of there!

If you have money you theoretically have mobility. Use it.
 
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https://www.forbes.com/sites/robert...come-tax-rate-plus-4-wealth-tax/#1da9222419a6

Read this because it concerns a few of you. The California Wealth Tax is not an income tax, it is a tax on your total wealth, all holdings you may have worldwide. Homes, land, vessels, aircraft and automobiles included. Even options to purchase securities must be assigned a valuation.

Holding California properties while residing in Colombia, for example, will not effect escape as you will likely undergo a "residency audit" by the Franchise Tax Board with no statute of limitations. California can audit you forever.
 
Snarkhund said:
https://www.forbes.com/sites/robert...come-tax-rate-plus-4-wealth-tax/#1da9222419a6

Read this because it concerns a few of you. The California Wealth Tax is not an income tax, it is a tax on your total wealth, all holdings you may have worldwide. Homes, land, vessels, aircraft and automobiles included. Even options to purchase securities must be assigned a valuation.

Holding California properties while residing in Colombia, for example, will not effect escape as you will likely undergo a "residency audit" by the Franchise Tax Board with no statute of limitations. California can audit you forever.
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Hummm? California Red Tsunami November 3rd.
 
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