Saturday, August 20, 2005

Reason #1 I Don't Live In California

No, it's not Michael Jackson. Or Barbara Boxer.

No, it's taxes. And as the Club for Growth notes, there's plenty of good examples of others deciding that the Golden State takes far too much of their gold...

What do Tiger Woods, Scott McCarron, and Natalie Gulbis have in common? Besides being highly-paid golfers, they’ve all left the state of California because of its punitive tax rates. Tiger went to tax-free Florida while Gulbis and McCarron went to tax-free Nevada. Excerpt from a news report:

Republican Assemblyman Ray Haynes said, “I know of at least one accountant—mine—that is counseling his wealthier clients to set up residence in Nevada. He tells them that they can pay cash for a house based on the savings on income taxes from living in Nevada, not California.”

Haynes believes California is at a “tipping point” where new taxes will drive rich residents to income-tax-free states like Nevada, Florida and Texas. But raising taxes on the rich is exactly what Democratic Assemblywoman Wilma Chan proposed earlier this year in Assembly Bill 6. The bill would reinstate the 10-percent and 11-percent personal income tax on the state’s high-income taxpayers, specifically appropriating the additional revenues to support K-12 and community-college education programs.
(hat tip: Betsy Newmark, guest-blogging for Michelle Malkin) Shockingly, California Democrats want to raise taxes on the rich. Keep up the good work, guys. People used to move to California in search of their dreams -- apparently, that dream does not include being taxed to death. Here's hoping the Terminator can save Reagan's beloved California from the idiots in their legislature.

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