
Taxachusetts is now a tax haven from Taxifornia
At the California Republican Convention Ivisited with former Presidential Candidate Mitt Romney. As FR readers probably know, Governor Romney bought a house in La Jolla.
We talked about various things over the 20 minutes or so we spoke. One thing really stood out. He said he was not going to be in California more than six months less one day.
Why? He didn’t want to be declared a resident because there is about a 5% difference in the tax rate for “wealthy” people between Massachusetts and California. And that was before the surtax and increases recently approved by the Legislature and Governor Schwarzenegger.
Massachusetts fondly referred to, as Taxachussets by conservatives is now a tax haven for Mitt Romney.
California doesn’t get it. If you tax the “wealthy” more than those around you they will leave or make sure they pay their taxes in another state. Ask Mitt Romney, Tiger Woods or go door to door in Incline Village.
California needs a new sign on our border.
Welcome to Taxifornia!… Read More