Escape California Taxes: What You Need to Know Before You Move!

Tax rate in California may change based on net worth.

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[{"selector":"#anim-8b76d28a-2e1c-427e-88be-a7eb831e29f4","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-b55716b6-bc64-484a-8223-8c0c30eae45a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Proposed tax rates are 1.5% for net worth over $1 billion and 1% for over $50 million. CREDIT GETIMAGE

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[{"selector":"#anim-e3b6f66c-bbb7-41af-9685-b851aaf3d0e5","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-e7e26646-5c42-41fd-9901-3c246a1f4ff7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] There isn't an official "exit tax" in California. CREDIT GETIMAGE

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[{"selector":"#anim-6052fa67-5942-4cc2-bbc0-950ba63165c0","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-73c92eac-ac1b-4629-b750-28213e3d9fb3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Moving out of state doesn't necessarily shield retirement income from California taxes. CREDIT GETIMAGE

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Escape California Taxes: What You Need to Know Before You Move!

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Escape California Taxes: What You Need to Know Before You Move!

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Tax rate in California may change based on net worth.

Escape California Taxes: What You Need to Know Before You Move!

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