Skip to comments.California’s Proposed Tax Hikes
Posted on 04/17/2012 2:33:20 PM PDT by reformedcrat
Never underestimate the anti-tax wrath of California voters. Years ago, Californians were struggling under higher and higher property taxes that were continually getting reassessed and raised, and at one point they had had enough. In 1978, Proposition 13 was proposed to cap property taxes and limit reassessments, and it passed with a huge margin despite a firestorm of opposition from every politician around. The author and chief proponent of Prop 13, gadfly Howard Jarvis, became a minor celebrity and helped author similar ballot measures in other states.
(Excerpt) Read more at napawhinecountry.com ...
One could always LEAVE California and move to another fine U.S. state!
>>I’m sick, sick, sick of California’s answer to budget woes. <<
That is why I departed, departed, departed after living my whole life in California. I won’t stay where I am reviled and robbed, which is how California treats those of us who work hard to make a decent living (I took my 6 figure income with me).
I am a proud Texan — join us!
One had better be quick about it or one will be the last producer out.
Most of the Californians who voted for Prop 13 and for Ronald Reagan are dead or have moved out. They have been replaced by illegal aliens and their spawn. The schools are run by commies. The brain washed electorate will vote to raise other peoples taxes. The sooner that California defaults the better.
I don’t blame you for leaving California. Unfortunately it has now become a welfare state. They practically beg you
to go on this program called “California Fresh.” That is the new name for “Welfare and Food Stamps”
Of course, our taxes go up and up for the ones who can still
Foreigners are welcome to jump on the food and housing bandwagon.
Name one. I don't know any Freeper that supports increase taxes except the trolls.
Congratulations on your move to TX!
I have a question. A long time ago, I read that California levies a tax on pension benefits that people earned while residing in that state. Did that apply to public sector employees exclusively? (It scared the daylights out of me. Now, I won’t even visit CA.)
how does that work? are they intercepting everyone’s mail?
>>I have a question. A long time ago, I read that California levies a tax on pension benefits that people earned while residing in that state. Did that apply to public sector employees exclusively? (It scared the daylights out of me. Now, I wont even visit CA.)<<
I am not getting the pension yet (I was a Cal State employee for about 15 years). There are so few pensions anymore that it might be a moot question. But I have never heard of such a thing and certainly was not taxed on my pension accruals while I was there.
I have heard tell of a “migration out tax” but I think that would be such an overreach that California would never be able to dig out from the problems it would cause.
Thanks for your reply. My question wasn’t clearly stated. What I meant was, if you earned your pension while working in CA, if, upon retirement, you relocate to another state, does CA get a cut of your pension? It sounds like the “migration-out” issue you mentioned, although I can’t say for sure. After reading about it, I abandoned all consideration of moving to or visiting CA. I hope you’re correct and that the greedy parasites can’t acquire a portion of anyone’s pension.
Me too! Not only are the taxes in the article proposed but in the city in California where I reside they are asking for another parcel tax for the children which will most likely pass because everyone including non property owners get to vote on the parcel taxes. I have had it with these taxes.
Yep, CA’s treatment on stock options (ESOP) is also disgusting.
If you move “from” CA, and years later sell your options, CA taxes them because they vested in CA.
If you move “to” CA after fully vesting options in another state, CA taxes them because you sold them in CA.
>>What I meant was, if you earned your pension while working in CA, if, upon retirement, you relocate to another state, does CA get a cut of your pension?<<
Wow, that is a good question. If they do, I am itching for a lawsuit. I love a good fight and the bigger the opponent, the more I like it.
I have taken on insurance companies, the IRS, the State of California and others. The only thing that scares me is the US Military in battle mode. Other than that — I don’t say “bring it.” *I* bring it!
I am very sorry to hear that. “Going Galt” seems to make sense at times since people are penalized for working, producing, saving and investing. I know it isn’t practical for everyone, but....
No, the practice or Clifornia emigrants being taxed after moving out of state was ended by Congress in 1995. So no, if you collect a California pension and don’t live there, California cannot tax it.
Here is the link:
Public Law 104-95
As early as 1991 opposition existed to California’s taxation of pensions received by non-residents. Only 12 states imposed such taxes on non-residents. Effective January 1, 1995, the U.S. Congress eliminated the practice with passage of Public Law 104—95. The Act eliminated taxation of non-residents for pension and retirement income, including monthly pensions, deferred compensation plans, IRAs and annuities, or certain other qualified employer payment arrangements created upon retirement.
Read more: Is California Pension Income Taxable Outside California? | eHow.com http://www.ehow.com/info_7751181_california-income-taxable-outside-california.html#ixzz1sLE4tcDj
Post a smoking topic and see who comes out of the woodwork, and some have been here for quite some time.