Beating California's Tough Gun Laws

[limpetmine]

Congratulations. They wanted you to leave, too. When they are bleeding so much red, they will put on an exit tax like New Jersey has.

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[GolfBravoUSMC]

We got out ahead of exit tax idea, however we are probably facing a 10% California Capital Gains tax from the sale of our house.

[browningautorifle]

got out ahead of exit tax idea

That's just stupidity...beat people all the way to the exit sign...

a 10% California Capital Gains tax

And then slam the door to make sure they never come back.

[JimF4M1s (Deceased)]

Congratulations. They wanted you to leave, too. When they are bleeding so much red, they will put on an exit tax like New Jersey has.

"Much of the folklore surrounds the 'exit' of New Jersey residents retiring to states with lower or no state income tax," Fusillo said. "The exit tax is not an additional tax, a special tax or even a new tax, but merely a prepayment of the tax owed on the sale of real property by non-residents."

Fusillo said the tax is really just an estimated tax payment required at the time of a real estate closing to prevent non-residents from evading tax on the sale of second properties or investment homes.

From: Bamboozled: Understanding N.J.'s misunderstood 'exit tax' | NJ.com