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Why would anyone with $1,000,000,000 in wealth be a resident to CA if the cost would b e $10,000,000+ in addition to the 'normal' taxes? Waste of time. Elon Mus
by powerbroker 4y ago
Why would anyone with $1,000,000,000 in wealth be a resident to CA if the cost would b e $10,000,000+ in addition to the 'normal' taxes? Waste of time. Elon Musk is way ahead of you.
- 082349872349872 4y agoI am domiciled in a jurisdiction with a general* wealth tax; I view it similar to being a member of a country club: if you want to enjoy the amenities, pay the dues. YMMV * albeit levied per-mille, not per-cent
- seanmcdirmid 4y agoWealthy people are pretty mobile. If you are rich enough, you can negotiate your taxes directly with a Swiss canton, and Switzerland is a nice enough place to live. Only this doesn’t work for American or Eritrea residents.