One of the weirdest features of CA's proposed wealth tax is that it also hits nonresidents who do a lot of business there. *Anyone* who visits 60 days out of any year is subjected to a prorated version of the tax, even though they are not entitled to the benefits of residency.https://twitter.com/antoniogm/status/1294670357933076480 …
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Can states actually tax nonresidents for visiting 1-2x/week? It seems a bit incredible
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Replying to @Jonathan_Blow
I agree that extraordinarily high taxes wouldn't be a dealbreaker for most of the ultra-wealthy if they were getting an unbeatable quality of life for it. CA used to at least gesture toward that idea, but the new cynical standard is "you'll come here for the network."
2:23 PM - 15 Aug 2020
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