California is DEAD -YOU WON'T BELIEVE THE NEW TAX

World News

California is DEAD -YOU WON'T BELIEVE THE NEW TAX

As if California taxes weren’t high enough, they now have a proposal to raise them to new heights! I’m not sure how anyone will live in California if this goes through.

Watch my video on net worth here: https://youtu.be/BLa3Rc8kGCI

______________________________________________________

Text Me: 1-702-297-6328
I communicate directly with you! Exclusive content and giveaways.

Do you want to be coached personally by me? Apply here. https://futureflipper.com/all-star-co…

Download my book and real estate contracts for FREE. https://futureflipper.com/

If you’re just starting out and you want to market directly to sellers, I highly recommend using BatchLeads. We currently use them in our business to pull lists, stack lists, get phone numbers, text, and find property values. It is an amazing service that will help you get deals on any budget!

Promo Code: HOMERUN for half off your first month. https://bit.ly/2E3LbtY

Or you can get 500 texts and a 14 day free trial for $1. https://batchleads.io/homerun/

Get two free stocks worth up to $1400 free! Sign up at WeBull today. http://bit.ly/webullrps

Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/

Are you a Realtor in Las Vegas, NV? Join my Brokerage! https://ForeverHomeLV.com/

Follow me on Social Media:
https://www.instagram.com/ryanpinedashow
https://www.facebook.com/ryanpinedashow
https://www.tiktok.com/@ryanpinedashow
https://www.linkedin.com/in/ryanpinedashow
______________________________________________________

Forbes did a nice article on the topic which you can find here:
https://www.forbes.com/sites/robertwood/2020/08/17/california-proposes-168-income-tax-rate-plus-4-wealth-tax/#7386959219a6

This is crazy for so many reasons. I have flipped houses in California before and I was very surprised to learn they wanted me to pay state income tax right then and there at closing. I had never seen that in any other state.

They want to tax the ultra wealthy .4% based on their net worth. I have no idea how they are going to calculate net worth with these people. It’s no wonder Elon Musk wants to leave and move Tesla to Austin, TX. But even if he moves, they will still go after him for those taxes! The world is crazy.

#taxes #california #wealthtax