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In a desperate attempt to get California’s budgetary nightmares under control, Democratic Governor Jerry Brown pushed for a tax hike plan last November to increase the state’s overall tax rate on millionaires to the highest in the nation at 13.3%. But now, experts say Brown’s actions may be sparking a tax migration for the high income earners whom the state relies on to pay its bills.
“You’d be a fool not to leave California,” says Ed Botowsky of Chapwood Investments who manages the finances of several professional athletes and high income Californians. Botowsky says some of his clients have already made the decision to flee the state to avoid the tax crunch.
Seven states including Florida, Texas, and Nevada do not have a state income tax. That can mean big savings for millionaires willing to make the move. Tiger Woods’s move from California to Florida will save him an estimated $7.5 million in taxes this year alone. His golf rival, Phil Mickelson, who recently expressed concern over California’s tax squeeze, could save $8 million this year by following Tiger’s lead.
"Doug Giles and his team over at ClashDaily.com cut through the crap to expose what have become modern day human slaughter houses: gun free zones. Their candid arguments about allowing teachers to protect themselves and the students in their care through concealed carry should be taken seriously. As a result maybe, just maybe, we’ll be able to save some lives someday rather than call the cops to report the body count." - Katie Pavlich. News Editor,Townhall.com and NYT's Best-selling Author, Fast and Furious: Barack Obama's Bloodiest Scandal and Its Shameless Cover-Up
"There were many lessons to draw from the horrific Newtown, CT school shooting. Unfortunately, most of the media and political Left came up with the wrong ones. But not Doug Giles and his writers over at ClashDaily.com. In the wake of this horror, they offered a robust defense of American citizens' right to bear arms and common sense answers to societal violence. The Sandy Hook Massacre: When Seconds Count, the Police are Minutes Away is a great resource for those interested in this vital, Constitutional issue." - S.E. Cupp, MSNBC Host and The Blaze Contributor
