Ready2Downsize
Well-known member
Income tax was near the bottom of the LONG list on why we left and I don't regret leaving for one second. I only wish my daughter who lives in San Diego had left too but I can't control that.
Toyota moving to Texas
- Thread starter eyephone
- Start date
NEW -> Contingent Buyer Assistance Program
@someguy Are you going to morekaos me on every thread? He's complaining about Cali not doing enough to keep businesses here and now that we are, you are both complaining about how.
No win with you guys.
As I've said before.. give and take... or like morekaos likes to say... give and take gonna give and take.
Sure... but any government... not just the one you or morekaos align with.
Here's the gist... morekaos complains that people/businesses are moving out of Cali. Then he puts all the blame on Newsom.
Then when I post stuff saying they are giving incentives to get businesses back into Cali, he (and you) complain about the costs.
But you both ignore the benefits of having these companies/people back in Cali (which was the original complaint).
Is this irony or hypocrisy? (Ted Lasso reference!)
morekaos
Well-known member
I’m curious…what did your list look like?
irvinehomeowner
Well-known member
Heard on the radio that studios are moving back to California due to tax credits? Something like 7 shows have moved their filming to Cali... notable the new upcoming Citadel series on Amazon Prime.
Why doesn't morekaos link to that?
Why doesn't morekaos link to that?
morekaos
Well-known member
Why don’t you link to it…more stupid tax expenditures by the fools in charge to make it look like they are accomplishing something….$80 million dollars down the tubes for seven lousy shows….idiots blowing our money again on nothing…
The latest tax credit application period was held March 6-20. A total of $80.4 million in tax credit allocation has been reserved for the seven projects selected.
The latest tax credit application period was held March 6-20. A total of $80.4 million in tax credit allocation has been reserved for the seven projects selected.
someguy
Active member
Only the brilliant minds in Sacramento why they're handing out $80M to movie studios when the state is facing record budget deficits.
https://lao.ca.gov/Publications/Report/4687
"Governor’s Budget Likely Unaffordable in Future Years. Under the administration’s projections, the state faces operating deficits of $9 billion in 2024‑25, $9 billion in 2025‑26, and $4 billion in 2026‑27. Because of the state’s constitutional spending requirements, revenues would need to be higher by more than these amounts for the state to be able to afford the spending level currently proposed. For example, to eliminate the operating deficit in 2024‑25, revenues would need to be roughly $20 billion higher than the Governor’s budget projection. Our analysis suggests this level of revenue is quite unlikely—there is only a one‑in‑five chance the state can afford that spending level."
https://calmatters.org/commentary/2023/02/budget-deficit-may-be-larger/
"
Newsom crowed that “no other state in American history has ever experienced a surplus as large as this.”
Last month, Newsom had to eat those words because the immense – on paper – surplus had suddenly morphed into what he said was a $22.5 billion deficit due to sharp declines in tax revenues. He proposed a $297 billion budget for the 2023-24 fiscal year that clawed back some of the money than had not yet been spent.
.....
The crunch will hit in May when Newsom releases a revised budget, one that likely to be starkly different from last May’s version which projected the much-vaunted but illusory $97.5 billion surplus."
Get your popcorn ready for the upcoming budget revision.
https://lao.ca.gov/Publications/Report/4687
"Governor’s Budget Likely Unaffordable in Future Years. Under the administration’s projections, the state faces operating deficits of $9 billion in 2024‑25, $9 billion in 2025‑26, and $4 billion in 2026‑27. Because of the state’s constitutional spending requirements, revenues would need to be higher by more than these amounts for the state to be able to afford the spending level currently proposed. For example, to eliminate the operating deficit in 2024‑25, revenues would need to be roughly $20 billion higher than the Governor’s budget projection. Our analysis suggests this level of revenue is quite unlikely—there is only a one‑in‑five chance the state can afford that spending level."
https://calmatters.org/commentary/2023/02/budget-deficit-may-be-larger/
"
Newsom crowed that “no other state in American history has ever experienced a surplus as large as this.”
Last month, Newsom had to eat those words because the immense – on paper – surplus had suddenly morphed into what he said was a $22.5 billion deficit due to sharp declines in tax revenues. He proposed a $297 billion budget for the 2023-24 fiscal year that clawed back some of the money than had not yet been spent.
.....
The crunch will hit in May when Newsom releases a revised budget, one that likely to be starkly different from last May’s version which projected the much-vaunted but illusory $97.5 billion surplus."
Get your popcorn ready for the upcoming budget revision.
irvinehomeowner
Well-known member
To the radio station? KFI News 97.1.
@someguy Are you going to morekaos me on every thread? He's complaining about Cali not doing enough to keep businesses here and now that we are, you are both complaining about how.
No win with you guys.
As I've said before.. give and take... or like morekaos likes to say... give and take gonna give and take.
someguy
Active member
Come join the worldview where government is the problem, not the solution. One of us, one of us, one of us!To the radio station? KFI News 97.1.
@someguy Are you going to morekaos me on every thread? He's complaining about Cali not doing enough to keep businesses here and now that we are, you are both complaining about how.
No win with you guys.
As I've said before.. give and take... or like morekaos likes to say... give and take gonna give and take.
morekaos
Well-known member
This level of incompetence is what we have in charge now….I don’t expect them to ever get anything right but hey…someone needs a toilet..
San Francisco Now Gets Two Public Toilets For Whopping $1.7 Million Price Tag
San Francisco supervisors approved to use $1.7 million on Tuesday to build two public toilets, instead of the agreed-upon one. The toilets are expected to take two years to complete.
In 2022, California granted $1.7 million in state funds to build a standard single public bathroom using the rate given by the San Francisco Recreation and Parks Department, the San Francisco Chronicle reported. After community outrage, Assembly Member Matt Haney sent the Recreation and Park Director a formal letter asking for details on costs.
https://dailycaller.com/2023/04/19/san-francisco-pays-million-for-toilets/
San Francisco Now Gets Two Public Toilets For Whopping $1.7 Million Price Tag
San Francisco supervisors approved to use $1.7 million on Tuesday to build two public toilets, instead of the agreed-upon one. The toilets are expected to take two years to complete.
In 2022, California granted $1.7 million in state funds to build a standard single public bathroom using the rate given by the San Francisco Recreation and Parks Department, the San Francisco Chronicle reported. After community outrage, Assembly Member Matt Haney sent the Recreation and Park Director a formal letter asking for details on costs.
https://dailycaller.com/2023/04/19/san-francisco-pays-million-for-toilets/
irvinehomeowner
Well-known member
Sure... but any government... not just the one you or morekaos align with.
Here's the gist... morekaos complains that people/businesses are moving out of Cali. Then he puts all the blame on Newsom.
Then when I post stuff saying they are giving incentives to get businesses back into Cali, he (and you) complain about the costs.
But you both ignore the benefits of having these companies/people back in Cali (which was the original complaint).
Is this irony or hypocrisy? (Ted Lasso reference!)
morekaos
Well-known member
The Boy Kings go to solution will be…raise taxes to plug the holes he made…it’s a never ending circle jerk…brilliant!
www.dailymail.co.uk
Gavin Newsom reveals California's budget deficit is $10 BILLION higher than he predicted as it soars to $32 billion - as Republicans slam him for 'dangerous... fiscal gimmicks'
- Newsom on Friday said California's projected 2024 deficit had grown by $9.3B
- Tax revenues from the wealthy are expected to shrink as economy slows
- Newsome plans to cover the gap with cuts, borrowing, and delayed spending
Gavin Newsom says California's budget deficit has surged to $32B
Newsom on Friday revealed his revised budget plan for the fiscal year starting on July 1, proposing a plan that to cover the shortfall while potentially leaving the state with future deficits.
morekaos
Well-known member
…and as I have said again and again..we don’t just lose human capital when earners leave they take their tax dollar with them…the budget busting is only going to get worse….who benefits from the fools running our states?…Texas and Florida…Now who is left to pay?
California and New York lose $640M of tax revenue to migration, as conservative Florida and Texas see coffers boosted by $23.1BN
We've ranked U.S. states based on their net income migration, a critical economic indicator reflecting the movement of high-income earners. This measure culminates several factors, including tax laws, economic prospects, and lifestyle offerings, that collectively sway where high-income earners reside.
https://myelisting.com/commercial-r...on-flow-of-high-income-earners-across-states/
California and New York lose $640M of tax revenue to migration, as conservative Florida and Texas see coffers boosted by $23.1BN
- Liberal states California and New York are posting losses of over $600 million in tax revenue due to migration
- The figures published by the IRS highlight how blue states with steep taxes are losing citizens for places like Florida with lower taxes
- As a result, California and New York are actively losing individuals with high income who are moving elsewhere, including some celebrities
The Great Wealth Migration: The Flow of High-Income Earners Across States
High-income earners are moving, and the data on where exactly they're going provides eye-opening insights into the current lifestyle trends of the wealthy. In this analysis, we dive into the intriguing dynamics of wealth migration within the United States, shedding light on the states attracting high-income earners and witnessing an outflow of such wealth.We've ranked U.S. states based on their net income migration, a critical economic indicator reflecting the movement of high-income earners. This measure culminates several factors, including tax laws, economic prospects, and lifestyle offerings, that collectively sway where high-income earners reside.
https://myelisting.com/commercial-r...on-flow-of-high-income-earners-across-states/
irvinehomeowner
Well-known member
All whining... no solutions.
irvinehomeowner
Well-known member
So easy to say... no plan to implement.
So still no solutions.
So still no solutions.
irvinehomeowner
Well-known member
Let's see:
Lower taxes: How and for who? Where do you make up the shortfall?
Dump regulation: That sounds safe.
Drill, drill, drill: That sounds safe too... and what does that solve?
There is a pie... in the sky.
Lower taxes: How and for who? Where do you make up the shortfall?
Dump regulation: That sounds safe.
Drill, drill, drill: That sounds safe too... and what does that solve?
There is a pie... in the sky.
morekaos
Well-known member
Bye Bye young high end earners, Hope Texas and Florida puts your hard earned tax dollars to better use than we did…
Move over California and New York! Here’s where wealthy millennials earning over $200K are moving to in search of lower taxes
· New York and California lost the most amount of 26-35-year-olds earning over $200K, a new study shows
· But Florida and Texas gained the most - bolstered by the fact neither charges state income tax
A new study suggests 26-35-year-olds earning over $200,000 are fleeing the hotspots and heading south instead.
Analysis of IRS migration data from 2021 by personal finance company SmartAsset found that California and New York had lost the biggest share of high earners in this cohort.
But Florida and Texas had gained the most - bolstered in part by the fact neither state charges income tax.
The two states gained 3,391 and 4,048 high earners respectively - and lost 1,216 and 2,139.
The data confirms an ongoing trend that workers are fleeing New York and California state in their thousands thanks to high tax rates.
Separate figures released earlier this month showed the two states lost a combined $640 million in tax revenue. By comparison, Florida saw its tax revenue swell to $12 billion.
https://smartadvisormatch.com/data/where-young-rich-move-2023
Move over California and New York! Here’s where wealthy millennials earning over $200K are moving to in search of lower taxes
· New York and California lost the most amount of 26-35-year-olds earning over $200K, a new study shows
· But Florida and Texas gained the most - bolstered by the fact neither charges state income tax
A new study suggests 26-35-year-olds earning over $200,000 are fleeing the hotspots and heading south instead.
Analysis of IRS migration data from 2021 by personal finance company SmartAsset found that California and New York had lost the biggest share of high earners in this cohort.
But Florida and Texas had gained the most - bolstered in part by the fact neither state charges income tax.
The two states gained 3,391 and 4,048 high earners respectively - and lost 1,216 and 2,139.
The data confirms an ongoing trend that workers are fleeing New York and California state in their thousands thanks to high tax rates.
Separate figures released earlier this month showed the two states lost a combined $640 million in tax revenue. By comparison, Florida saw its tax revenue swell to $12 billion.
https://smartadvisormatch.com/data/where-young-rich-move-2023
morekaos
Well-known member
I know of at least three guys who live in Newport Harbor and Huntington Harbor who work out of their Las Vegas offices and retain homeownership in Nevada but never moved out of their homes here. They skirt all the taxes. These guys do $3,000,000+ a year and have been doing it for years successfully. All native Californians by the way and all the kids went to school here.