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Millionaires flee California after tax hike

DerekJohnson
Administrator, Swaye's Wigwam Posts: 68,523

in Tug Tavern
Comments
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Cdawg moving? Oh wait, millionaires.DerekJohnson said: -
Really....
California lost an estimated 138 high-income individuals following passage of the Proposition 30 income tax increase championed by Gov. Jerry Brown (D) and approved by Golden State voters in 2012.
And I chuckle about the Maryland example. 3,000 millionaires in 08 and 2,000 in 09. Think the economy might have been a substantial number of those people? And you are taxed where your income is made....I don't see many people leaving jobs just because a 1% tax increase. Move to Nebraska. I'm sure you'll find your million dollar a year job there.
Derek you are better than that. -
Why would anyone move from California? Especially to WA? Why the fuck would someone do that?Sledog said:
Cdawg moving? Oh wait, millionaires.DerekJohnson said: -
That line made me laugh too. 138, in six years, from a population of 35+ million? Even if your just counting the dotcom millionaires in the Bay Area, that number is background noise. People move for a lot of reasons. Did they interview those 138 high-income individuals and ask them specifically why they left? If they didn't, then arguing that they left because of Sacto's "attempts to soak the rich with punitive state income tax hikes" is complete and utter bullshit conjecture.
Not high-income individuals because they're retired, but the multi-millionaire couple across the street from us relocated to Jackson Hole full time a few years ago. Turns out they preferred the mountains to the ocean, and it had absolutely nothing to do with taxes. -
I'm staying
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Nothing's changed with you?RaceBannon said:I'm staying
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#WhyIStayedRaceBannon said:I'm staying
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flee?
lol
Rich people don't flee. They move.
Or so I've been told. -
They flee or parachute out the back of airplanes. I know this.dflea said:flee?
lol
Rich people don't flee. They move.
Or so I've been told. -
lmao, buy a better phone then, jfc.RaceBannon said:I'm staying
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El oh fucking El at 138.
My office talked to at least 20 of them in the last 8 months. The exodus is palpable for out little outfit.
But please, continue to spew your bullshit, lyin' little Hondo.
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Maybe the Low T injections aren’t helping and they wish to get that Libido back with a little NW Bravado.CirrhosisDawg said:
Why would anyone move from California? Especially to WA? Why the fuck would someone do that?Sledog said:
Cdawg moving? Oh wait, millionaires.DerekJohnson said: