Whatever or whoever is right/correct, I think the best solution for anyone is just to leave…Maybe this is spoken from someone who doesn’t care too much about staying in San Diego or CA or the USA, but like Detroit, if the taxes/fees get too insane, just move out…Let someone else hold the bag.
Some folks have already renounced their US citizenship and the good thing with the USA is there are 49 other states out there if you still want to stay in the US. Not working anymore? Can move to a high income tax state. Want to rent a small condo? Move to a place with high prop tax…
Ideally, take advantage of your 250/500k home tax free break and amass enough during your younger working years to give yourself more options in life…
Have regular IRAs, Roth IRAs/401ks, etc…Keep taxable wages down, have a spouse start a businesss…
