Knowing about the huge outbound migration from California, Cavuto asked what would happen to wealthy people who move out of state. Bonta said tax “avoidance” would not be allowed as California would tax them for the next ten years, despite what state they live in. Bonta said that because they accrued the wealth in California, the state can continue to legally tax it.
If the hollywood set are so keen to pay taxes, why are they all running away when it's time to pay their share?
This first-in-the-nation net worth tax is estimated to generate $7.5 billion per year in new “revenues” to the state coffers.
Meanwhile...
If the hollywood set are so keen to pay taxes, why are they all running away when it's time to pay their share?
https://californiaglobe.com/articles/california-dems-wealth-tax-follows-people-who-move-out-of-the-state/
They can say this bullshit, but it won't fly. It's an empty threat.