The Briefing Room

State Chapters => California => Topic started by: IsailedawayfromFR on January 02, 2018, 02:20:12 am

Title: This Tax Overhaul Will Be Final Straw for Many Californians
Post by: IsailedawayfromFR on January 02, 2018, 02:20:12 am

Quote

Get ready to see a lot of moving vans headed out of high-tax states, like California, New Jersey and Maryland. But for people in high-tax states, there are a few things they can try (other than moving).
As a financial adviser, one thing we regularly address with clients is the tax burden that hits higher-income individuals, and the savings they would rack up if they moved to another state. Among our clients in California, we have seen a mass exodus of higher-wage earners and retirees leaving the state … and the tax overhaul that passed Congress on Wednesday, Dec. 20, 2017, will cause even more to leave.

https://www.kiplinger.com/article/taxes/T055-C032-S014-tax-overhaul-final-straw-for-many-californians.html (https://www.kiplinger.com/article/taxes/T055-C032-S014-tax-overhaul-final-straw-for-many-californians.html)

Title: Re: This Tax Overhaul Will Be Final Straw for Many Californians
Post by: WarmPotato on January 08, 2018, 05:10:26 am

I would have left California by now if it wasn't for family here :/