Tesla CEO Elon Musk has moved his primary residence from California to Texas, according to reports. which means the three richest people in America: Musk, Amazon Amazon's CEO Jeff Bezos and Microsoft cofounder Bill Gates—now all reside in states that don’t collect income tax.
From here: https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/?sh=79fed72a7b63
My in-laws talked about a luxury personal property tax in Lincoln, Nebraska long ago. Of course, few people reported all their high-priced personal property. They joked, "Did you know there were only two pianos in all of Lincoln?"
I have no idea how much of the story is really true, but I have no reason to doubt them, either.
Junkies in charge of the pharmacy. This type of wild desperation would cause the normal person to pause & reflect on just how out of control they are. I’d love to see them enforce it & get it to stand up in court.
The summer rentals in Carmel will take it in the shorts. The rich folks rent homes from June to August. Who in their right mind would stay the summer when these political dipshits want to rape them afterwards?
Just a thought but I'd imagine there are a lot of workarounds; such as putting the property in some schmuck's name, a tool with about twenty-K in yearly income. Yeah, he'd spend all of that on the property tax but someone 'else' would cover the utilities, food and booze. If his 'friend' the CEO flew in on a ticket bought by his corporation and spent several weeks 'visiting', who's to know?
No, not in "someone else" name, go find some asset protection books and learn the proper way of doing this. Many times the plans people set up to protect their money fall apart when some state attorneys start digging around. And every estate is different.
Afterwards where do they think they are going to go next? Seriously. if Texas doesn't erect their own wall and defend it with heavy weapons they are nuts.
Hey gov. Newsom:
ReplyDeleteTesla CEO Elon Musk has moved his primary residence from California to Texas, according to reports. which means the three richest people in America: Musk, Amazon Amazon's CEO Jeff Bezos and Microsoft cofounder Bill Gates—now all reside in states that don’t collect income tax.
From here: https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/?sh=79fed72a7b63
Some people might think that those guys moving to non-income tax states would be considered a clue.
DeleteNemo
My in-laws talked about a luxury personal property tax in Lincoln, Nebraska long ago. Of course, few people reported all their high-priced personal property. They joked, "Did you know there were only two pianos in all of Lincoln?"
ReplyDeleteI have no idea how much of the story is really true, but I have no reason to doubt them, either.
Geek
Junkies in charge of the pharmacy. This type of wild desperation would cause the normal person to pause & reflect on just how out of control they are. I’d love to see them enforce it & get it to stand up in court.
ReplyDeleteDoes anybody here know what an ex post facto law is?
ReplyDeleteYou cannot retroactively tax wealth. It's in the Constitution. Article I, Section 9, Clause 3:
"No Bill of Attainder or ex post facto Law shall be passed."
Since when has California followed the Constitution?
DeleteSince when has the Constitution ever been followed except in the breach thereof?
DeleteThere's over 40,000 laws that violate the 2nd Amendment on their face, to give but one example.
Now...getting another state's court to agree to enforce California's law on that state's own citizens? That's another story.
The summer rentals in Carmel will take it in the shorts. The rich folks rent homes from June to August.
ReplyDeleteWho in their right mind would stay the summer when these political dipshits want to rape them afterwards?
Just a thought but I'd imagine there are a lot of workarounds; such as putting the property in some schmuck's name, a tool with about twenty-K in yearly income. Yeah, he'd spend all of that on the property tax but someone 'else' would cover the utilities, food and booze.
DeleteIf his 'friend' the CEO flew in on a ticket bought by his corporation and spent several weeks 'visiting', who's to know?
No, not in "someone else" name, go find some asset protection books and learn the proper way of doing this. Many times the plans people set up to protect their money fall apart when some state attorneys start digging around. And every estate is different.
DeleteRich people (for the most part) didn't get that way by being stupid. And these "wealth-confiscation" laws ARE stupid.
ReplyDeletel read someone bragging, we all moving to texas to turn that red fucking state blue!
ReplyDeleteAfterwards where do they think they are going to go next?
DeleteSeriously. if Texas doesn't erect their own wall and defend it with heavy weapons they are nuts.
Brain dead fucking Libtards want to ruin every state.
DeleteForces are already moving to eliminate all commies in that State you mentioned.
DeleteThe only way I can see to discover & enforce is to have a lot of neighbors that are snitches...
ReplyDelete