Article from For Liberty by Norm Leahy.
A group of California lawmakers and government labor unions has come up with a novel way of trying to close the state’s budget gap, and shake down the wealthy at the same time: taxing everything.
According to the Los Angeles Times’ Jon Healey, the proposal:
…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.”
But that’s just the beginning:
…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.
Undoubtedly, those who left the Golden State a decade ago would be very surprised to get a tax bill in the mail. Lawsuits would follow. As Healey writes, “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.”
The bill’s sponsors say such an extraordinary tax is necessary “to keep our people working and support our most vulnerable.”
The sponsors estimate the tax would raise $7.5 billion per year (assuming full compliance). The state currently faces a $54 billion budget deficit.
wpDiscuz
I have an idea for California… Stop supporting illegal aliens and quit spending money you don’t have! It’s called common sense and budgeting, dodos.
I’d tell them to come get me.what a joke
It’s a great way to ensure that any rich folk will not set up
residence in kalifornia.
California residents keep voting in DemonRat Marxists Dictator’s. Live with it.
I’ve a better idea.. Cede California to Mexico. All the illegal Mexicans then become legal, that makes the liberal happy. California is part of Mexico, that makes Mexico Happy, and the rest of the USA is not responsible for California’s irrational spending, plus no more Californians in congress, that makes the rest of the USA happy. It’s a win all the way around.
Very good idea ! We don’t need that crap state !
Except for the conservatives who live here.
I’m so tired of people who don’t live here (and probably have never even been here) disparaging California and the people who live here. YOU’RE NOT DOING ANYONE ANY GOOD!!!!! You’d do much more good helping us get rid of voter fraud.
If we could get rid of voter fraud, including illegal aliens who vote, California would be a conservative state! And if we could get rid of the illegal aliens, California cities would be considerably less crowded.
I don’t see how taxing people who have left California is legal. Once they leave the state, unless they owe back taxes, I doubt if they can be taxed. Ridiculous.
It can’t be legal to do it.
Sounds outrageous
But the U.S. taxes people who have left the U.S.
U.S. income tax is levied on all worldwide income of all “U.S. persons,” i.e., anyone who has lived in the U.S. for any length of time, citizen or not.
That is taxation without representation, seems we have heard that charged before, if I remember right a war with the limeys which we won and created the greatest country on earth! Very bad idea they will just have to learn to suck it up!
We left 15 plus years ago and couldn’t be happier. For them to try to tax me is like whistling in the wind!
How would California collect such a tax? Will other states co-operate? Why doesn’t California tax every American? What a bunch of fools!
Yes, other Blue States will cooperate. Vote Red or be taxed out of existence.
I’m sure all those loud mouthed Hollywood people would love to pay more, at least that’s what they say. Bette Midler, DeNiro, Milano and Cher should be the first to step up.
Where did these clowns go to school? Oh; right.
California you and the progressives made your bed now you and the progressives can sleep in the progressive bed. If Biden is elected you need look no further than California to see what this country will look like.
AS the sayin’ goes, YOU JUST CAN’T FIX STUPID!
I must admit you have got to give them points for trying. I think the idea is stupid but if Ex-Residents are stupid enough to pay it then it is their own fault. The reason people are leaving the state is because of the local government doing stupid things like this. Instead of using the money, they get from their overblown taxes to give a free ride to all of the Illegal Aliens how about using some of the money to fix the many problems the state has, like, the One of the Highest Unemployment Rate in the country, One of the Highest Welfare Rolls in the country, One of the Highest Homeless Populations in the country just to name a few.
My God, could they BE any more stupid????
Welcome to the Hotel California. Where you can check in, but can never check out. Taxes will follow you after you leave the state, and after you die. Nice. Maybe the foolish politicians in California should learn how to better manage their money, and actually take care of their legal residents so that they won’t leave. So typical of the lefty fools that they want citizens to pay money, but treat them like crap. Is this what dopey liberals want for the country? If so, you can keep California, just leave the rest of us alone. We don’t want that foolishness in red states.
if dead people can vote, they can also be taxed!!
if pets can vote, they can also be taxed!!
if felons can vote, they can also be taxed!!
all of the above three categories are indigent Kalifornicatians; there is no need to go after ex-residents
I am so sorry to be a resident of this idiotic state
HERE is a Suggestion to bring things back on ORDER: REinstitute PRAYER in Schools etc (1 Thes 5:17KJV) then BRING Back Mandatory (KJV) BIBLE STUDY 2 Tim 2:15 and then Hang the 10 Commandments back up in the Halls and walls of Justice and schools! The overturn ROE v Wade, and make it Illegal to abort an unborn child (Except in the case of the life of the mother!) OVERTURN all these; Abingdon v. Schempp/Engle v, Vitale/Stone v. Graham/Row v. Wade 1962-3/70/73 and reinstate what was done and things will begin to turn around…from the very day they are reinstituted!
All communists think that they are better than everyone else and deserve all the money. The working people don’t need money because the government will give you what you need and you get no extras. I agree. That California needs to be excised from the US all the way up to Canada. This will include the communist sides of Oregon and Washington State.
Living in a rural conservative are of California it’s maddening. After every election i say, “Non of us are as dumb as all of us”.
Keep building that wall north to Canada, after you finish building it east of California. And make sure those that try to leave, are not liberals who put these idiots in office, until they change their ways.
California is so STUPID that it came to me 10 years after I sold all my property and left. I sold a travel trailer to someone before leaving. I filed the notice of transfer with the state giving the new owner’s information. Apparently the new owner failed to file the title. He then decided it would be fun to watch the trailer fall into some ravine. Calif was attempting to come after me for over 20K in clean up. I sent them a copy of my filed paperwork and told them NEVER to contact me again for any reason.
My father had the IRS levy taxes upon him for money not owed> he fought and won the IRS battle. The state of CA was notified of the “earnings” and of the retraction by the fed. The state of Calif is still showing he owes the money, over 35 years later. FYI, even the Feds have a statute of limitations on collections of money unless criminal is proven. CALI can fall into the damned pacific for all I care.