California exit tax: What you need to know before moving out
Discover essential insights about the California exit tax, including who it affects, how it's calculated, and strategies to minimize your tax liability when moving.| www.taxesforexpats.com
Discover essential insights about the California exit tax, including who it affects, how it's calculated, and strategies to minimize your tax liability when moving.| www.taxesforexpats.com
(pdf) On Valentine’s Day this year, California’s Franchise Tax Board (FTB) announced that it wanted relationships with a lot more out-of-state businesses. Unfortunately for these businesses, the FTB’s idea of a relationship is an expensive one, and it’s not asking. In a recent guidance, the FTB announced that it intends to reinterpret an existing federal law in order to allow itself to impose income tax obligations on out-of-state businesses. Just a couple months later, New York’s D...| National Taxpayers Union
View PDF Key Facts California, New York, Illinois, and other states with high tax burdens continue to hemorrhage taxpayers and tax revenue, while Florida remains the undeniable winner from movement of taxpayers and their dollars from state to state. In the last decade, New York lost $111 billion in net adjusted gross income (AGI), California lost $102 billion, and Illinois lost $63 billion to interstate migration. On the other hand, Florida gained $196 billion, and Texas gained $54 b, Author(...| National Taxpayers Union
The decline of blue states is not inevitable, but if they want to get back on track, they should adopt some of the economic policies of their redder neighbors.| Forbes
Individual income taxes are a major source of state government revenue, accounting for more than a third of state tax collections. How do income taxes compare in your state?| Tax Foundation
With state tax revenues receding from all-time highs, there’s been a great deal of handwringing about whether states can afford the tax cuts adopted over the past few years. Given that 27 states reduced the rate of a major tax between 2021 and 2023, is there reason for concern?| Tax Foundation
