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- Embed this notice@professionalbigot69 @sickburnbro California has been trying to ram the AB 2088 exit tax proposal through the legislature since 2020 without success. They're trying again this year.
What's novel about the California exit tax is that it both taxes *unrealized* capital gains as well as applies the exit tax retroactively to anyone who had lived in CA or earned business income in some way from CA for 10 years.
If it passes this year, then someone who left California while Obama was still president would would be forced to pay the exit tax (assuming they have $30 million in assets or more).