I’m well aware. California loves to tax people as residents and not give them the benefits of residency. I’ve lived here my whole life. It’s mostly the plebs they get with that, like you don’t get in state tuition, but you get to pay state income tax. But if I were a billionaire, the 50 million I’m not paying the state could fund a lot of careful legal and tax planning.
A state could still claim you as a resident if you meet certain criteria. You don’t get to unilaterally decide if you are a resident or not.
Plus, what’s the point of wanting billionaires to stay in your state if they aren’t being taxed?
I’m well aware. California loves to tax people as residents and not give them the benefits of residency. I’ve lived here my whole life. It’s mostly the plebs they get with that, like you don’t get in state tuition, but you get to pay state income tax. But if I were a billionaire, the 50 million I’m not paying the state could fund a lot of careful legal and tax planning.