Source: Stephen Frank’s California Political News
When Tiger Woods moved from Orange County, California to Orange County, Florida, he saved $12 million in taxes the first year. That is real money. How do you get rich? Be good at what you do, then leave California to keep the money.
We have great weather, wonderful mountains, a great coast and beautiful desert. Ugly are our tax policies and regulations. California is a place you move to AFTER you become successful-and able to have enough money to waste on government.
Retiring? Leave California.
“The tax burden in a new state can make a huge difference in your retirement plans,” says NCPA Senior Fellow Pamela Villarreal. She offered a few examples:
If a 40-year-old man earning $100,000 a year moves from California to Alaska he will have an additional $4,213 a year to spend every year for the rest his life; the extra income would total $351,700 if saved and left to his children – an amount equal to more than three times his annual income.”