4 ms·
Alright that settles it I’m going to move to the Nevada side of Lake Tahoe for half a year to cash out my QSBS stocks. California taxes are a tax on poor peopl
by vmception 4y ago
Alright that settles it I’m going to move to the Nevada side of Lake Tahoe for half a year to cash out my QSBS stocks.
California taxes are a tax on poor people, exclusively.
California voters will just authorize a new bond issuance anyway.
- adastra22 4y agoYou'll still pay California taxes. Getting around California taxes is VERY hard to do, and they will come after you if they think you left to avoid taxes. Even if you never return to the state.
- yardstick 4y agoUnder what circumstances can you leave California and not pay Californian tax?
- adastra22 4y agoYou leave and never come back. Sell all property. Demonstrate clear intent to live elsewhere (e.g. buying property in other state.) leave nothing behind, not even a storage unit. Oh, and you need to move to another state, not another country.
- Turing_Machine 4y agoThis is why I won't even change planes in California if I can possibly avoid it.
- vmception 4y agoI can meet their safe harbors and actually leave, I only rent and already travel elsewhere more than 6 months (which is not enough on its own). So I would actually leave, get a new drivers license and register to vote in the other state (Nevada). I usually have enough deductions to get my AGI to zero or negative anyway (no tax). When it comes to QSBS liquidations though, I’m already good with the feds (no tax), only California uniquely would try to tax that separately.