A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
Eat The Rich
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cross-posted from: https://lemmy.world/post/40748515
Paywall removed: https://archive.is/1Bu8V
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cross-posted from: https://lemmy.world/post/40748515
Paywall removed: https://archive.is/1Bu8V
This seems like a tax not too difficult to dodge:
"The California Franchise Tax Board (FTB) presumes residency if an individual spends over nine months in California during a taxable year."
So they'll have to get a residence in another state for just over 3 months and stay there instead.
