California income taxes

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11-18-2019, 02:25 PM

#21

Peacock

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California needs to pay their fair share

11-18-2019, 02:42 PM

#22

Setopbug

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The CFTB will pull your banking records and anything else they need to make a determination of residency. Once they have, you will be presented with a bill you will never be able to afford to pay. They will garnish your paycheck and anything disbursed from your PRAP until they are made whole.

I know guys that do it and have gotten away with it. So far. If you think they won't carefully investigate somebody making 300K or more, you're in for a surprise.

Pay your taxes. If you drive on the roads and enjoy the infrastructure and spend the majority of your time off from work in a state, then pay your damn share.

Nobody likes a dishonest citizen. Until you're able to change the laws, it's your civic duty to pay your taxes.

11-18-2019, 02:44 PM

#23

OOfff

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Quote:

Originally Posted by Peacock

California needs to pay their fair share

Does California not?

11-18-2019, 02:55 PM

#24

Peacock

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Quote:

Originally Posted by OOfff

Does California not?

No, California is too rich.

11-18-2019, 04:21 PM

#25

CrowneVic

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Quote:

Originally Posted by OOfff

We already have high taxes and people aren’t (excluding the banal anecdotes that will be the response) leaving. We will be okay.

No one leaving? Pull your head out of the sand. Anyone who can, is. Over half the respondents in a recent survey said they would leave, IF they could.

Other than the Bezos’, the Zucks’, and their ilk, people who are productive, own businesses, etc., are leaving, in DROVES.

Ask me how I know. Born and raised. Had to leave the state I love because it has become untenable, and unrecognizable. The voters have ruined the state.

AB109? Prop 47? Downright shameful and disgraceful.

From the best public school system in the 1960’s, to the bottom of the barrel, currently.

Make all the excuses you want. That sixth largest economy on the planet? It was the fifth just a few years ago. CA is beyond the precipice. There is no coming back at this point. It took Rome centuries of decline before total collapse. For California, it will come far faster.

RIP Golden State.

11-18-2019, 04:29 PM

#26

worstpilotever

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Actually it was the 6th largest just a few years ago, now it’s the 5th largest.

11-18-2019, 04:42 PM

#27

CrowneVic

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Quote:

Originally Posted by worstpilotever

Actually it was the 6th largest just a few years ago, now it’s the 5th largest.

Other way around, dude. It may have gone from 5th, to 6th, then back to 5th. But the trend-line is your friend.

11-18-2019, 04:52 PM

#28

galaxy flyer

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Quote:

Originally Posted by Name User

Plus a huge budget surplus. It's a very wealthy state due to the climate and desirability. They could double their state income tax and still be ok.

NY and NJ on the other hand...

Only if you forget the state’s $287 billion unfounded liabilities.

GF

11-18-2019, 08:05 PM

#29

Excargodog

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Quote:

Originally Posted by galaxy flyer

Only if you forget the state’s $287 billion unfounded liabilities.

GF

No kidding. From the Sacramento Bee:

Quote:

California’s public employee pension systems have immense gaps – called “unfunded liabilities” – between what they have in assets and what they will need to meet their obligations to retirees.

The California Public Employees Retirement System (CalPERS), the nation’s largest pension trust fund, and other state and local systems are desperately trying to close those shortfalls, or at least reduce them, mostly by ramping up mandatory “contributions” from public agencies.

Everyone is getting hit by those rapidly escalating demands and it’s no secret that they are pushing some school districts and cities to the brink of insolvency, forcing them to slash other spending, even vital police and fire services, and/or seek higher taxes from their voters to keep their heads above water.

Moreover, the squeeze is destined to get even tighter. For instance, cities that are now paying 50 cents into CalPERS for every dollar of police officers’ salaries are projecting that it could go to 75 or 80 cents within a few years.

School districts are feeling a double whammy – a more than doubling of their mandatory payments to the California State Teachers Retirement System (CalSTRS) for their professional staffs, plus increasing demands from CalPERS for their support staffs.

11-18-2019, 09:16 PM

#30

Bluesideup1

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Quote:

Originally Posted by Name User

Plus a huge budget surplus. It's a very wealthy state due to the climate and desirability. They could double their state income tax and still be ok.

NY and NJ on the other hand...

It most certainly doesn't have a huge budget surplus. That only happens if you don't put your unfunded liabilities into the budget which in this case they didn't making it look like the are financial geniuses when in actuality it is a ponzi scheme in that the people today have to keep putting money in for the people of yesterday to keep getting paid.

Right now there is over 1 TRILLION IN UNFUNDED PENSIONS. That doesn't even take into account the cost of non-pension benefits for state workers, such as health care for retired government employees.

To make up for this shortfall every citizen of California would have to contribute an additional $33,000 in taxes. If we just count the Taxpayers it would be an additional $74,000 in taxes to every individual taxpayer.

https://www.forbes.com/sites/patrick.../#49d2201737b5

https://www.statedatalab.org/state_d...ail/california

This means as more businesses leave there will be less revenue to collect and as more welfare recipients arrive due to it being very generous with other peoples money and a sanctuary State the budget will continue to increase.

And yes thousands of business and people are fleeing California. Most of them are middle class professionals that are tired of paying large amounts of taxes and can do their work anywhere else. As a matter of fact there were 38,000 more people that left California this year than came in.

https://www.cnbc.com/2019/02/12/grow...te-survey.html

https://qz.com/1599150/californias-p...ing-very-soon/

Over 1,800 companies have left California last year due to incredibly high taxes and onerous government red tape.

https://www.bizjournals.com/bizjourn...year-with.html

https://www.investors.com/politics/e...s-leave-taxes/

When people keep saying stupid thing like it is the 5th largest economy in the world will somehow keep it from going bankrupt. If you spend more than you take in it doesn't matter how large your economy is it will tank.

The fact that California is driving out the middle class will leave only those with a lot of money and no money at all which I find kind of funny due to a large portion of the population of California believes there shouldn't be income inequality yet due to their governance it is one of the states with the highest income inequality in the nation and increasing every year.