[quote=mike92104][quote=SK in CV][quote=enron_by_the_sea]I don’t know the statistics, but at least one person I know is moving to Nevada.
He doesn’t need to work for a company. Has no family ties to this state. I can understand why moving to Nevada becomes attractive to him. Most people affected by prop 30 won’t move because they have a job, family, friends and roots that will keep them here.[/quote]
In the past, both in CA and in other states, the statistics have been that there has been no material change in the number of high income taxpayers when rates go up. Not zero. But no material change.
I think the real worry should be on the middle income taxpayers. I know of 7 individual or couple that have moved out of the state in the last 2 years. All went to lower tax burden states. Washington, Arizona, and Texas.[/quote]
Uhhh, Mike? Hello?? Your “friends” haven’t been gone long enough to crawl back to SD broke and desperate to “start over” after asking to “rent a room” from you “for just six months.”
If they bought homes in their new locale, did they (or you) actually think they could get out with their heads above water in ~3 years?
Think again.
They are going to end up telling you that they will do anything to get outta there and back to SD.
