Forum Discussion
exgman
Oct 15, 2014Explorer
msmith1199 wrote:Billinwoodland wrote:
My wife and I are getting ready to pull the trigger on our first A. We live in CA. I have looked at various options to limit my tax liability in CA, and have had a meeting with my accountant about the issue. Here is the bottom line. I am happy to pay my fair share of taxes. The problem is that that "fair share" has gotten so high many people (like me) explore legal alternatives to limit that tax liability. Simply put, I pay a ton in taxes and am still in CA because I am still working. In the end, I suspect I will just take the dive and write one more big check to the big spenders in Sacramento.
California has tightened up on the laws and if you live here and have a California DL it is very difficult to legally avoid the taxes.
California has closed all the loopholes. It is virtually impossible to have a MT LLC, live in Cali and be legal.
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