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All money going to Federal and State Taxes living in CA- help

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  • #16
    The light at the end of the tunnel is coming from another state. Just calculated marginal tax rate for CA clients: 50%. Simply stunning for the clients to realize that 1/2 of every extra dollar earned goes to taxes. Have also seem same for NY clients. Consider living elsewhere and spending a few mos/yr in CA as you cut back your work. Of course, once you move, you may lose your taste for living in CA, who knows?
    Our passion is protecting clients and others from predatory advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #17
      I like my 65-75 sunny sandy beaches and nice hikes weather though....🤑

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      • #18
        Become a billionaire? Seems their tax rate is pretty low, sometimes 0 . . .

        Aside from that, what is your goal? You are able to save for retirement and other things, you have 2 houses . . . what else is there? I guess I'm a little confused. I'm not sure moving will even help that much. We're in UT and 33% goes to taxes.

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