"Pretending to propose his own national solution is clearly a cynical smoke screen to let California billionaires off the hook," argues the Billionaire Tax Now campaign as it seeks to counter "5 tricks" being deployed by Gov. Gavin Newsom and his allies.
Can you help direct me towards where you would like further clarification specifically?
I don’t know how to be more clear. What can a billionaire not do when moving out of CA? What are they being deprived of by leaving? “People” is incredibly vague and doesn’t tell me anything.
He still owes income taxes to each state he personally does business in.
He doesn’t personally do business in any state other than the one he’s paid by Amazon in. Amazon does business in California and pays taxes accordingly. Amazon is not a billionaire and thus not subject to any potential wealth tax.
he’s paying state and federal taxes based on where he lives for his paycheck
Exactly. He and other billionaires can simply move where he receives his paycheck to another state.
I don’t know how to be more clear. What can a billionaire not do when moving out of CA? What are they being deprived of by leaving? “People” is incredibly vague and doesn’t tell me anything.
He doesn’t personally do business in any state other than the one he’s paid by Amazon in. Amazon does business in California and pays taxes accordingly. Amazon is not a billionaire and thus not subject to any potential wealth tax.
Exactly. He and other billionaires can simply move where he receives his paycheck to another state.