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Old 06-20-2009, 07:58 PM
 
1,976 posts, read 6,860,686 times
Reputation: 2559

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Quote:
Originally Posted by Curmudgeon View Post
Let's put it this way. If they don't charge illegal aliens a toll for coming in they can hardly charge you a tax for going out!
There are a lot of stuff that illegal immigrants get away with, don't expect to get that kind of break if you are legal!
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Old 06-20-2009, 10:07 PM
 
1,319 posts, read 4,243,340 times
Reputation: 1152
Quote:
Originally Posted by EscapeCalifornia View Post
Wouldn't that be unconstitutional?
Not if it's done correctly.
New Jersey has an exit tax, but to do it constitutionally it can only be applied to property owners that sell their property and leave the state within a certain time period.
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Old 06-20-2009, 10:35 PM
 
Location: Tijuana Exurbs
4,539 posts, read 12,404,526 times
Reputation: 6280
California does have a property transfer tax when you sell your real estate. I believe it's something like .11% of the value of the property (or $110/100k). However, it applies whether you stay in the state or leave, so it isn't an exit tax, just a property transfer tax.
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Old 06-21-2009, 07:24 AM
 
1,319 posts, read 4,243,340 times
Reputation: 1152
Quote:
Originally Posted by kettlepot View Post
California does have a property transfer tax when you sell your real estate. I believe it's something like .11% of the value of the property (or $110/100k). However, it applies whether you stay in the state or leave, so it isn't an exit tax, just a property transfer tax.
NJ has that but they also have an additional tax that is set up for those who leave the state.
Personally, If I lived in NJ I'd pay any price to leave.
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Old 06-21-2009, 10:26 AM
 
Location: Oxygen Ln. AZ
9,319 posts, read 18,747,810 times
Reputation: 5764
We built 7 speculative homes in northern CA before we left for AZ and every one of them we paid an extra tax of 3% of the entire sales price. You have to prove at the end of the year that you did not make enough money to get a refund. The state held your money all year until you did your tax return. What did the government do with all this money during the boom years when homes were being built at record pace? They squandered it I would guess.
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Old 06-21-2009, 10:59 AM
 
Location: Irvine, CA to Keller, TX
4,829 posts, read 6,930,872 times
Reputation: 844
Quote:
Originally Posted by MissDaisy View Post
Hello

We will be moving soon ( we hope ) from California (where we haved lived our entire lives) to Texas

Does anyone know if California charges an "exit tax" when moving to another state??

Thanks

No. We moved from CA to TX. The first year I had no income in CA was the greatest. Having no state income tax is great. Paying capital gains was ......
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Old 06-21-2009, 02:11 PM
 
Location: Wyoming
34 posts, read 88,688 times
Reputation: 15
Quote:
Originally Posted by EscapeCalifornia View Post
Except they don't have Pedro's social security number.

no but I am sure he has someone else's....
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Old 06-22-2009, 03:05 PM
 
1,175 posts, read 1,785,898 times
Reputation: 1182
hey...I've got an impacted exit tax...


here chal..iporn....eyah....pull my finger....
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Old 06-23-2009, 10:35 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,311,234 times
Reputation: 6471
Quote:
Originally Posted by kettlepot View Post
California does have a property transfer tax when you sell your real estate. I believe it's something like .11% of the value of the property (or $110/100k). However, it applies whether you stay in the state or leave, so it isn't an exit tax, just a property transfer tax.
It's actually a property transfer tax imposed by the individual counties. The rate varies slightly from county to county.
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Old 06-23-2009, 10:36 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,311,234 times
Reputation: 6471
Quote:
Originally Posted by MotleyCrew View Post
We built 7 speculative homes in northern CA before we left for AZ and every one of them we paid an extra tax of 3% of the entire sales price. You have to prove at the end of the year that you did not make enough money to get a refund. The state held your money all year until you did your tax return. What did the government do with all this money during the boom years when homes were being built at record pace? They squandered it I would guess.
You didn't pay an "extra" tax, you had 3% withheld pending filing of your income tax for the period(s) in question based on all of your income.
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