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The Great California Wealth Exodus (thefp.com)
5 points by fortran77 82 days ago | hide | past | favorite | 2 comments


Washington state is likely to pass an income tax as well and that will drive me out even though I am not quite to the threshold yet. Washington state already has an estate tax of 35%, which in addition to the federal tax of 40% means my kids could only get 25%. If I move to Texas, Alaska, Wyoming, Florida, or many other states I don't have this problem. Buying a few plane tickets back and forth is far cheaper.





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