Quote:
Originally Posted by Rpche
I was born and raised here in California and I love it. I love everything, except the rampant liberalism and high punitive taxes.
I make most of my money online these days, and within a couple of years 100% of my income should be coming from online ventures. So physically there won't be any need to be officially living in California.
What I plan on doing is incorporating in Nevada and establishing an official business/personal address there (the same place), registering my cars in Nevada, and getting a Nevada drivers license.
But I would live in California 99.9% of the time.
The tax savings (10% state income tax plus lots of other liberal B.S.) will be substantial.
I plan on hiring a lawyer to take care of the nuts and bolts, but I was wondering if anybody has experience with this.
Thank you.
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Thank you for posting this. The taxes in CA are outrageous and are just getting worse and worse. If you are thinking of moving here to make money like you could in that past I promise you times have changed. My advise? STAY AWAY!
28% Federal income tax
10% CA State income tax
8.50% sales tax
Los Angeles (and other Metros) business specific taxes (roughly 7% for my business).
Outrageous cost of living
Low Quality if life in major cities (everyone lives in apartments)
Real Estate is SKY HIGH. Expect to pay 800k - 1 million dollars for a nice house you can get in Oregon or Tennessee for $150k.
THE RICH CONTROL EVERYTHING AND THEY ARE LOCKED IN.
Sky high traffic tickets. Seat-belt ticket. Mandatory 2 hour court appearance and a no-show. BAM! Ticket increases to $400.00 They have also QUADRUPLED all tickets. You get a ticket in Los Angeles YOU ARE OUT ALLOT OF MONEY. Forget to show up in court? YOU ARE SCREWED.
The last straw was having two county government employees show up at my business to order me to pay a 2 cents per pound "warehouse tax" on any products handled my me - plus the burden of keeping an extensive ledger/records. Roughly an additional $700.00 per month straight to the county of Los Angeles!
FORGET IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!
You want to punish me for trying to make somthing out of myself? You want to reward all these people on fake disability phony SSI claims? I met people like this. And all these illegal immigrants living off the system? I'm very sorry they are poor! And I'm very sorry they live 6-7 people to 1 apartment! But that is not my fault! I did not pass NAFTA and I should not have to pay these high taxes to help feed, clothe and house them.
TAX ME ? Fine! I REFUSE to live in the state of CA anymore!
SO I LEFT. I transferred my business to FL where there is ZERO state income tax and no targeted taxes to my business.
That being said I miss living in Los Angeles so much

I loved it there. It's the world in one place. There is so much variety and mental stimulation. All you have to do is walk outside and you are immersed in it. It really upsets me these politicians are passing law after law to punish those who produce and work hard whilst rewarding those who don't. They chase away businesses and punish productive citizens in this way.