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It is easy to love California, but its high taxes? Not so much. And it just got worse as California Voters Sock It To The Rich. Some will head for the exits before selling real estate or a business, taking a company public or winning a large legal settlement. Here are a few tips culled from 30 years of tax practice in the Golden State.A California resident is anyone in the state for other than a temporary or transitory purpose. See FTB Publication 1031. Plus, it includes anyone domiciled in California who is outside the state for a temporary or transitory purpose. The burden is on you to show you’re not a Californian.....http://www.forbes.com/sites/robertwood/2012/11/08/leaving-california-and-its-taxes-be-careful/#2983ad324cd6
California launches campaign to collect taxes from out-of-state entities A common misperception is that an entity formed in a state other than California is not subject to tax by California, which is fueled by a considerable amount of advertising encouraging Californians to save taxes by incorporating out of state. In reality, where an entity is formed has no impact on how California taxes it. The Franchise Tax Board (FTB) has launched a publicity and enforcement campaign to increase the public’s awareness of how out-of-state entities are taxed in California.....http://www.lexology.com/library/detail.aspx?g=d29c2a6b-4422-490f-addc-1044c5c0358e
Moral of the story, liberals will try to penalize you for avoiding liberalism like oppressive taxes and regulations.
