Just did my taxes...
Comments
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My income taxes went up this past year, just as Trump said they would.
Taxes for all of my employees went down, just as Trump said they would. -
As an auditor. I'd say "nobody" is materiality correct. From your Forbes article.MikeDamone said:
You said nobody. It’s certainly and substantial more than nobody. But the people you know didn’t mention taxes. So it’s nobody.BearsWiin said:
That's not a very large demographicpawz said:
That's not the story I'm hearing when I'm showing mid 7-figure to 8-figure homes - like I did today.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
For the average techie moving up from the Bay Area ($1m-$3m homes), you are correct.
https://www.investors.com/politics/editorials/california-companies-leave-taxes/
“We estimate that California lost 0.04 percent of its top earner population over the two years following the tax change.” -
Sledog thinks potheads are criminals.Sledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity. -
Thank God he’s armed!2001400ex said:
Sledog thinks potheads are criminals.Sledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
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Damn...mine’s down about 10% and I’m fired up. 30% I could only imagine...MikeDamone said:SFGbob said:Hearing about it, and writing the check to cover it are two different things.
I had my accountant run my taxes in May and December to get an estimate of were I will be. 30% cut is what it’s looking like. No surprises. -
I've met lots of criminal potheads.2001400ex said:
Sledog thinks potheads are criminals.Sledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity. -
You think everyone who smokes pot is a criminal.Sledog said:
I've met lots of criminal potheads.2001400ex said:
Sledog thinks potheads are criminals.Sledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity. -
70%2001400ex said:
You think everyone who smokes pot is a criminal.Sledog said:
I've met lots of criminal potheads.2001400ex said:
Sledog thinks potheads are criminals.Sledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity. -
JeffSessionsFSSledog said:
70%2001400ex said:
You think everyone who smokes pot is a criminal.Sledog said:
I've met lots of criminal potheads.2001400ex said:
Sledog thinks potheads are criminals.Sledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity. -
And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?Sledog said:
No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.BearsWiin said:
News Frash: Sledog can't handle the MEAN STREETS of CaliSledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
arrivederci -
Yes values certainly help if you've owned them for a long time. A lot are moving. It's why Idaho and some other similar places are growing so fast.creepycoug said:
And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?Sledog said:
No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.BearsWiin said:
News Frash: Sledog can't handle the MEAN STREETS of CaliSledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
arrivederci -
"A lot" isn't very precise. A lot of people are doing a lot of things, including moving from a lot of places.Sledog said:
Yes values certainly help if you've owned them for a long time. A lot are moving. It's why Idaho and some other similar places are growing so fast.creepycoug said:
And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?Sledog said:
No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.BearsWiin said:
News Frash: Sledog can't handle the MEAN STREETS of CaliSledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
arrivederci
California's population growth % is slowing because it's expensive to live there. And the main reason it's expensive to live is COL, mostly home prices. That's the driver. Until it becomes cheap to move to California, that will be a trend. But if it ever gets to that, the trend will reverse. -
Stay in California fuckers!!!!
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Pump my water Trojan!jecornel said:Stay in California fuckers!!!!
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Everything is more in Kali not just housing. It's also run by raving lunatics.creepycoug said:
"A lot" isn't very precise. A lot of people are doing a lot of things, including moving from a lot of places.Sledog said:
Yes values certainly help if you've owned them for a long time. A lot are moving. It's why Idaho and some other similar places are growing so fast.creepycoug said:
And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?Sledog said:
No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.BearsWiin said:
News Frash: Sledog can't handle the MEAN STREETS of CaliSledog said:
I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.BearsWiin said:
They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.pawz said:
Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....SFGbob said:What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.
We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
arrivederci
California's population growth % is slowing because it's expensive to live there. And the main reason it's expensive to live is COL, mostly home prices. That's the driver. Until it becomes cheap to move to California, that will be a trend. But if it ever gets to that, the trend will reverse.
Here's the survey I mentioned,
https://www.sfgate.com/expensive-san-francisco/article/move-out-of-bay-area-california-where-to-go-cost-13614119.php
