Both north and south we have new community developments, affordable for retirement, nice neighborhood with newer communities. I see exact equivalent of any matching place in California.
The biggest problem is out of control government. That’s why I left. Sure, it’s nice to pay one third as much for electricity, 50-75 cents less a gallon for gas, 4-7% less in income tax and have a larger house and more property but I didn’t leave for any monetary reason. If CA had the same laws it had in the 80’s’ or earlier I’d still be there.
I do not disagree on government, may be government focus towards social side than efficiency+effectiveness even though CA is highest tax rates, both income tax and sales tax !
IIRC, you had lot of lands/homes in California with repeated buys. what happened to them, sold?
Maybe a new thread but - use tax - anyone know the details? Rentals are mentioned.
From my deceased mom’s CPA -
CALIFORNIA - NEW USE TAX COLLECTION REQUIREMENTS FOR
RETAILERS EFFECTIVE APRIL 1st, 2019
The California Department of Tax and Fee Administration (“CDTFA”) will implement new use tax collection requirements for both in-state and out-of-state retailers, effective April 1st, 2019. Particularly, out-of-state retailers selling above certain thresholds into California will be subject to use tax collection for their sales into California. The new collection requirements are a result of the U.S. Supreme Court decision in South Dakota v. Wayfair Inc, U.S. S.Ct. , Dkt.No.17-494,(06/21/2018).
REQUIREMENTS FOR OUT-OF-STATE RETAILERS
For out-of-state retailers, the new collection requirement only applies if the retailer’s sales for delivery into California exceed $100,000 during the preceding or current calendar year, or if the retailer has sales which result in delivery into California in 200 or more individual transactions. The new use tax collection requirement is not retroactive (i.e. not applicable to sales prior to 4/1/2019), however, retailers have the option to register and collect the tax prior to April 1st, 2019.
REGISTRATION REQUIREMENTS
A retailer reaching either of the Wayfair sales thresholds is “doing business” for sales and use tax purposes in California, and thus CDTFA registration requirements would apply. Registering with the CDTFA will require a retailer to collect and remit the use tax from California customers. Note that for state sales / use tax purposes, the new
Wayfair -type nexus thresholds are applied where a taxpayer has no other evidence of physical presence in the state. For taxpayers with a presence in California (e.g. employees, inventory, equipment), the standard physical presence
thresholds for the district tax will still apply after April 1, 2019. The new $100,000 gross sales / 200 separate transactions thresholds (these are applied to totals within the District) are applied in addition to the existing “doing business” (nexus) thresholds. Thus, taxpayers must be aware that even though they may not meet the new Wayfair -type thresholds, they may still have a collection and filing responsibility due to having sufficient activity within a district under traditional nexus standards (e.g. inventory, employees, equipment).
This is similar to the analysis taxpayers must perform on a multistate basis for the new Wayfair -type thresholds imposed by the various states: remaining under the new sales or transactions thresholds will not shield taxpayers from a sales / use tax collection and filing responsibility where the same taxpayers have established some form of physical presence in the district.
QUESTIONS? Please contact our SALT group for additional guidance on how the new use tax collection requirements changes may affect your business.
References: California Department of Tax and Fee Administration - Special Notice Bulletin December 2018 South Dakota v. Wayfair Inc , U.S. S.Ct.,Dkt. No. 17-494, 06/21/2018.
But not selling the property means it doesn’t get re-assessed. So, CA actually loses money. That’s what assuages the guilt of some of my friends who are too anchored to leave. One lives in a 2200 sq ft. home in Mountain View and pays a little over 2k a year in property tax.