Date: August 14th, 2020 12:29 PM
Author: Thunder Collins
At this point you have to think the state is just trying to commit suicide or fully embrace its destiny as an American Brazil.They want to tax high earners at a 17% rate AND have a wealth tax AND have a full range of other high taxes. Oh and by the way you are going to be surrounded by dirty minorities and mentally ill homeless drug addicts are everywhere. And this is all happening before the reality of their $1 trillion unfunded pension liability kicks in. Get out. Get out of California now if you can. https://www.latimes.com/opinion/story/2020-08-13/california-wealth-tax-proposal For starters, the bill would not only tax whole classes of things that had previously gone untaxed, it would dun nonresidents who are outside the reach of the state’s income and business taxes. That’s because the tax would also be imposed on former residents who left within the past decade, presumably to catch those who fled the state’s income tax rates, which already are the highest in the country. It also would apply the highest wealth-tax rate to anyone who’d spent a decade or more in California, a bizarre choice that would only increase the incentive for longtime residents to move out
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755743) |
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Date: August 14th, 2020 12:32 PM
Author: ,,,....,,,,,,,;';',,,,,,.,.,,,,,
"That’s because the tax would also be imposed on former residents who left within the past decade, presumably to catch those who fled the state’s income tax rates, which already are the highest in the country."Totally unconstitutional and "them and what army" will enforce this?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755753) |
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Date: August 14th, 2020 12:33 PM
Author: """"""""
Hawaii judge says its constitutional and it’s also proper to have you imprisoned if you don’t pay. Now what?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755758) |
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Date: August 14th, 2020 12:34 PM
Author: Oh, you travel?
lol holy shit
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755764) |
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Date: August 14th, 2020 12:34 PM
Author: Thunder Collins
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755769) |
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Date: August 14th, 2020 12:38 PM
Author: .,.,,..,,,..,,.,.,,...,,..,,.,.,.,..,.,.,.,,.,,.,.
their proxy BLM police
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755782) |
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Date: August 14th, 2020 12:39 PM
Author: ..,..,.,,,...,...,..,,..,,,,.,,.,,...,,..,,.,.,.,,
Insane
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755787) |
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Date: August 14th, 2020 12:46 PM
Author: Peaceful Protestor
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755823) |
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Date: August 14th, 2020 1:26 PM
Author: ominous gulp (Poasts are exclusively artistic expression)
Places like Texas would probably create a system to defend you from it.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755990) |
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Date: August 14th, 2020 5:50 PM
Author: '"'""'"''"
Which would be a brilliant move.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757230) |
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Date: August 14th, 2020 9:00 PM
Author: QAnon
That would be idiotic. Nobody wants to incentivice Californians to move to their state.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757879) |
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Date: August 14th, 2020 1:44 PM
Author: dont run
get. back. in.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756107) |
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Date: August 14th, 2020 2:18 PM
Author: '""""""
Cal National Guard drone striking defectors
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756304) |
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Date: August 14th, 2020 2:32 PM
Author: Incoherent Woman
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756372) |
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Date: August 14th, 2020 5:49 PM
Author: '"'""'"''"
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757225) |
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Date: August 14th, 2020 6:12 PM
Author: Buck "The Club" Paulette
Why even stop here? Just tax everyone in the whole US.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757291) |
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Date: August 14th, 2020 6:14 PM
Author: A Jurisprudence is Performed
sure. you're typing on a computer right now right? that was invented in California. software designed in California. You therefore "earned" your money thanks to California and they're entitled to a cut.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757297) |
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Date: August 14th, 2020 6:38 PM
Author: Buck "The Club" Paulette
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757348) |
Date: August 14th, 2020 12:32 PM
Author: ......,.,.,....,...,.,...,.,.,.,.,.....,.,.,.,,,..
paywall, paste the article ty
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755752) |
Date: August 14th, 2020 12:34 PM
Author: .,,.,,.,.,,,.....,,,.,.,.,...,.,.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755762) |
Date: August 14th, 2020 12:34 PM
Author: Thunder Collins
Trying to plug the enormous budget gap caused by the pandemic, some unions and their Democratic allies in the state Legislature recently proposed a hefty new tax on people with incomes over $1 million. The idea hasn’t exactly caught fire in Sacramento, however, so several of the bill’s backers offered a new option Thursday: taxing large accumulations of wealth.The state already taxes at least two types of assets, property and vehicles (including boats). The new bill aims at everything else, and by everything, I mean that literally. The bill would apply a 0.4% tax to “all worldwide property,” excluding real estate owned directly, exempting the first $30 million (or $15 million for married taxpayers filing separately). And in addition to listing specific asset types that would be taxed, adds the category “other assets.” I recognize that some of my colleagues here salivate at the idea of shaking down rich folks. I mean, none of us writers are that loaded, so why not? And a broad tax on assets, which a few other countries impose, could conceivably be a useful tool in a progressive tax system that seeks to narrow income inequality. But my fellow editorial board members balked at the other last-minute effort to raise taxes on the rich, noting that “there’s simply not enough time to properly vet such a major tax change before the pandemic-shortened legislative session ends on Aug. 31.” (See? We have met a tax increase we didn’t like.) And that criticism goes double for the wealth-tax proposal. ADVERTISING Ads by Teads For starters, the bill would not only tax whole classes of things that had previously gone untaxed, it would dun nonresidents who are outside the reach of the state’s income and business taxes. That’s because the tax would also be imposed on former residents who left within the past decade, presumably to catch those who fled the state’s income tax rates, which already are the highest in the country. It also would apply the highest wealth-tax rate to anyone who’d spent a decade or more in California, a bizarre choice that would only increase the incentive for longtime residents to move out. Then there are questions about how to value assets that aren’t on the market, such as a business you own that isn’t listed on the stock market. The bill calls on the Franchise Tax Board to come up with a way to value non-publicly-traded assets, yet the tax would go into effect immediately. Nor is it at all clear how the state would enforce against the many, many ways that wealthy people would find to avoid the tax. The shifting of assets to global tax havens is an enormous problem for governments around the world, but it requires a concerted international effort to solve it. Meanwhile, the simplest way to avoid the new California tax would be to leave the state and then challenge California’s authority to tax nonresidents for assets moved elsewhere. Perhaps more important, lawmakers are being asked to enact a major new tax without considering how it will interact with the other taxes on the books. Here’s just one question they’d need to study: By forcing people to sell assets potentially at a loss in order to pay their tax bills, will the measure cut into the capital gains revenue upon which California is inordinately dependent? The point is, developing good tax policy requires more than just deciding which trees to shake. It’s looking at the whole forest of intertwined limbs, and figuring out how a measure aimed at one stand of trees will affect the others. It’s about balancing different types of taxes — those on income, consumption and wealth — to create the best incentives and place the lightest drag on the economy. No question, the pandemic is causing real problems for California, despite the state’s painstaking efforts over the last decade to build up reserves and limit new commitments. But with the clock ticking down in this year’s session, it makes no sense for lawmakers to try to solve those problems by enacting a wholly new type of permanent tax with no study and no clue as to its potential unintended consequences.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755767)
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Date: August 14th, 2020 12:37 PM
Author: wow lmao (luis)
Lol, sorry rich bois
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755775) |
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Date: August 14th, 2020 1:22 PM
Author: @therealpeternorth (No L's PN)
Lol
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755968) |
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Date: August 14th, 2020 6:07 PM
Author: wow lmao (luis)
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757282) |
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Date: August 14th, 2020 1:52 PM
Author: TS London Richards (𓀐𓂺👩🏻🎤)
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756152) |
Date: August 14th, 2020 12:37 PM
Author: ~~(> ' ' )>
How would California enforce a tax on the wealth of people who moved before the law existed?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755776) |
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Date: August 14th, 2020 12:37 PM
Author: Thunder Collins
They couldn't. Democracy is a disaster. These people are idiots.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755780) |
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Date: August 14th, 2020 12:48 PM
Author: michael doodikoff
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755831) |
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Date: August 14th, 2020 6:36 PM
Author: .,.,,.;,,.....:...;;...,..,.;.;,,...;..;;..:..,.::
wrong. they absolutely can and will.they'll send you a bill for the highest possible amoount that you could possibly owe, get court orders to freeze your accounts, and let god sort them out.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757344) |
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Date: August 14th, 2020 1:11 PM
Author: Hitler Did Nothing Wrong
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755913) |
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Date: August 14th, 2020 1:14 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755928) |
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Date: August 14th, 2020 1:18 PM
Author: Thunder Collins
Yes, that public school I will never send my kid too because it is filled with beaners and trash needs ample funding. And the $300K a year city lawyers and the $200K a year sheriffs need support. We can't let these people starve.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755943) |
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Date: August 14th, 2020 1:33 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756036) |
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Date: August 14th, 2020 2:40 PM
Author: lickitung
To be fair, why shouldn’t the electric company be spending over $200k a year per diversity priest.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756410) |
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Date: August 14th, 2020 3:52 PM
Author: Thunder Collins
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756716) |
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Date: August 14th, 2020 2:42 PM
Author: Peaceful Protestor
Wow
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756416) |
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Date: August 14th, 2020 1:37 PM
Author: .,.,,,.,,.,.,.,:,:,,...,::,...,:,.,..:.:.,:.::,.
also your wife who gets paid that much for bullshit telework
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756058) |
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Date: August 14th, 2020 1:38 PM
Author: Thunder Collins
Yes, you are right. She is being paid $250 an hour as a state employee and the job is complete bullshit now. We are benefiting from the scam.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756067) |
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Date: August 14th, 2020 2:07 PM
Author: Refunk XII ((DU RAG, TIMBALANDS, FULL NUDE))
It's an ex post facto law right?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756250) |
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Date: August 14th, 2020 2:12 PM
Author: wet asspussy
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756271) |
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Date: August 14th, 2020 5:50 PM
Author: '"'""'"''"
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757228) |
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Date: August 14th, 2020 1:32 PM
Author: ominous gulp (Poasts are exclusively artistic expression)
The California FTB is insanely aggressive. My ex, who lives in fucking NY, and has never lived in Cali, got a few thousand taken out of her checking account by the CFTB. She wants to sue, but has to sue in California courts because SCOTUS is a bunch of shitheads. At this point, plane tickets and time make it look like it’s not worth pursuing, but maybe she’ll find a loler to do it remotely.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756026) |
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Date: August 14th, 2020 1:47 PM
Author: baseball
Wtf
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756122) |
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Date: August 14th, 2020 6:30 PM
Author: ,.,.,.,.,.,.,.,,.,.,.,.,,,...,.,.,.,.,.,.,.,.,.,,,
His name?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757333) |
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Date: August 14th, 2020 6:32 PM
Author: .,.,,.;,,.....:...;;...,..,.;.;,,...;..;;..:..,.::
cr.i got my NY bank account frozen by the FTB 3 years after I moved out of California. They claimed I owed them $98,000 from a year that I only made $19,000 from work-study in college. It turned out I owed about $23 (which they inflated to $300 with penalties and fees, plus my bank's $75 fee for freezing the account). It turns out they had only sent me letters notifying me of what they claimed I owed to my old CA address, even though I had been filing taxes from my new NY address for two years.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757337) |
Date: August 14th, 2020 12:44 PM
Author: sporting table puppy pants
Reap the whirlwind, libs
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755807) |
Date: August 14th, 2020 12:48 PM
Author: Bistro point
1-8-0
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755828) |
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Date: August 14th, 2020 1:15 PM
Author: A Jurisprudence is Performed
180 until they all move to other states run up the property prices and otherwise and shit it up here.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755931) |
Date: August 14th, 2020 12:48 PM
Author: Peaceful Protestor
Lmao
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755834) |
Date: August 14th, 2020 1:03 PM
Author: A Worn Out Recording of a Favorite Song
it says it exempts the first 30mil so its not exactly going after the umc like most shitlib policies.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755885) |
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Date: August 14th, 2020 1:06 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755894) |
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Date: August 14th, 2020 1:06 PM
Author: Thunder Collins
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755897) |
Date: August 14th, 2020 1:05 PM
Author: ''"''''"'
Anybody know good boards/subreddits to discuss the california shitlib government situation? I'm really fascinated by this topic but I find threads on it rarely take off on xo.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755892) |
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Date: August 14th, 2020 1:08 PM
Author: Thunder Collins
I am always available to talk about how shitty California is brother
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755900) |
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Date: August 14th, 2020 1:08 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755906) |
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Date: August 14th, 2020 1:10 PM
Author: ''"''''"'
OK, so I've noticed that California's particular brand of shitlibbery is more "aggressive" than most other places; for example, they've tried saying things like that they have the authority to tax people who move out of the state, they flagrantly violate their own laws re: AA, etc. I was wondering what makes the California shitlibs in particular so "aggressive" in this sense?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755912) |
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Date: August 14th, 2020 1:15 PM
Author: Thunder Collins
This is a one party state which leads to extreme views. They also feel like they can get away with anything because in their view the wealthy will pay whatever it takes to live in California because of the weather, beach/nature, and other amenities. Or they HAVE to be here because they are in Tech, entertainment or any of a hundred other location-specific businesses.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755929) |
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Date: August 14th, 2020 1:21 PM
Author: ''"''''"'
The way you're portraying this, it kinda sounds like these people need to have their money cut off.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755954) |
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Date: August 14th, 2020 1:27 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40755995) |
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Date: August 14th, 2020 1:29 PM
Author: Thunder Collins
180 poast
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756009) |
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Date: August 14th, 2020 1:41 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756082) |
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Date: August 14th, 2020 1:30 PM
Author: ''"''''"'
Why don't the California expats put two and two together and realize that they're just going to ruin these states too?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756019) |
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Date: August 14th, 2020 1:35 PM
Author: Thunder Collins
That is the truly shocking thing. I used to live in Austin and it is being totally ruined by libs. I want to move to Colorado and it is being ruined by libs. Every desirable place to live in the Western US will be destroyed by expat California libs eventually.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756050) |
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Date: August 14th, 2020 1:41 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756080) |
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Date: August 14th, 2020 9:21 PM
Author: '"'""'"''"
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40758019) |
Date: August 14th, 2020 1:38 PM
Author: spritezero
"there is no place nebraska ..."
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756066) |
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Date: August 14th, 2020 1:40 PM
Author: Thunder Collins
Nebraska kind of fucks their people over too. Why are taxes so high there? Why does South Dakota have no state income tax but Nebraska can't make that work?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756077) |
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Date: August 14th, 2020 1:42 PM
Author: Thunder Collins
I kind of want to move to KC or maybe someplace like a town north of Boulder
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756092) |
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Date: August 14th, 2020 1:43 PM
Author: spritezero
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756099) |
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Date: August 14th, 2020 1:46 PM
Author: Thunder Collins
How are your relocation plans coming?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756115) |
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Date: August 14th, 2020 1:48 PM
Author: spritezero
bought a remote contingency spot. still looking for somewhere i wanna be full time, tho
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756129) |
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Date: August 14th, 2020 1:56 PM
Author: spritezero
might be better. new zealand's too close to china
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756191) |
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Date: August 14th, 2020 1:57 PM
Author: ..,.,..,...,:,,:,..;:,:,...,:,.,.:.,:.,;;.,.:;.,,
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756200) |
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Date: August 14th, 2020 2:00 PM
Author: Thunder Collins
I used to live in Austin and we have talked about moving back to somewhere in the Hill Country or Fort Worth. That is probably third on my list right now.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756213) |
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Date: August 14th, 2020 2:00 PM
Author: spritezero
still some bad feelings re: the longhorn network
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756216) |
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Date: August 14th, 2020 2:04 PM
Author: A Jurisprudence is Performed
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756233) |
Date: August 14th, 2020 2:41 PM
Author: Peaceful Protestor
Doesn't California have a supermajority in its legislature? Why wouldn't this pass?
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40756414) |
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Date: August 14th, 2020 6:25 PM
Author: Refunk XII ((DU RAG, TIMBALANDS, FULL NUDE))
People are starting to get very angry in this state at libs
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757325) |
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Date: August 14th, 2020 9:16 PM
Author: QAnon
You still live there? Lmao.
(http://www.autoadmit.com/thread.php?thread_id=4603691&forum_id=2#40757998) |
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