Posted on Sep 8, 2020
San Francisco's Mass EXODUS | Over HALF of SF's Storefronts CLOSED Forever Including My Wife's
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San Francisco
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Thank you my friend LTC (Join to see) for posting. The mass exodus from California is wonderful IMHO. Hopefully enough people and businesses left in front of the census count to reduce the number of state representatives.
FYI SGT Steve McFarland SGT Denny Espinosa MSgt Robert "Rock" Aldi CPT Jack Durish SMSgt Lawrence McCarter PO2 (Join to see) SPC Woody Bullard CPL Dave Hoover Cpl (Join to see) SPC Michael Duricko, Ph.D Sgt Kelli Mays cynthia-croft PO3 (Join to see) SGT Jim Arnold COL Mikel J. Burroughs Maj Bill Smith, Ph.D. MAJ Dale E. Wilson, Ph.D.
FYI SGT Steve McFarland SGT Denny Espinosa MSgt Robert "Rock" Aldi CPT Jack Durish SMSgt Lawrence McCarter PO2 (Join to see) SPC Woody Bullard CPL Dave Hoover Cpl (Join to see) SPC Michael Duricko, Ph.D Sgt Kelli Mays cynthia-croft PO3 (Join to see) SGT Jim Arnold COL Mikel J. Burroughs Maj Bill Smith, Ph.D. MAJ Dale E. Wilson, Ph.D.
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SPC Michael Duricko, Ph.D
Lov(ed) San Francisco the way it was years ago when, as luck would have it, we were having lunch in the Fairmont on Knob Hill and my wife mentioned to the waitress that she would love to see Tony Bennet at the Fairmont where he was singing that night and the waitress leaned over and said to my wife,, "honey, he is sitting right next to you". Also, you were able to comfortably walk around day or night, but I don't believe it is like that anymore and may not ever return to those beautiful days. So sad !
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I’m waiting for the California nutsy legislator to pass a law banning moving!!
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SFC (Join to see)
They've already figured out a way to increase taxes on income for people who work from out of state and they were trying to figure out a way to charge higher taxes on property sales if they don't purchase inside the state after selling.
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Maj John Bell
"California is in the midst of a significant overhaul of its tax code, and there’s one bill in particular that has lots of people talking. Assembly Bill 2088 (AB 2088), which was introduced in Sacramento in August of 2020, would impose the state’s first wealth tax. And more controversially, it proposes to levy a wealth tax on Californians for a period of up to 10 years, even after they’ve left the state, a California exit tax.
What AB 2088 does do is propose to assess taxes on former California residents for up to a decade after they’ve left the state.
AB 2088 would impose a 0.4 % percent annual tax on a taxpayer’s worldwide wealth above $30 million (not counting real estate), based on market value at the end of each calendar year. Part-year residents would pay a prorated tax based on the number of days spent in California annually."
Source: TAX LAWYER BLOG, A Blog written by the Tax Attorneys for Individuals and Businesses, California’s “Exit Tax” Explained Posted on November 24, 2020 by Liz Prehn
The California Democrats may not ban leaving the state, but that doesn't mean they will give up shearing the sheep, even after they've left the fold.
What AB 2088 does do is propose to assess taxes on former California residents for up to a decade after they’ve left the state.
AB 2088 would impose a 0.4 % percent annual tax on a taxpayer’s worldwide wealth above $30 million (not counting real estate), based on market value at the end of each calendar year. Part-year residents would pay a prorated tax based on the number of days spent in California annually."
Source: TAX LAWYER BLOG, A Blog written by the Tax Attorneys for Individuals and Businesses, California’s “Exit Tax” Explained Posted on November 24, 2020 by Liz Prehn
The California Democrats may not ban leaving the state, but that doesn't mean they will give up shearing the sheep, even after they've left the fold.
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