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California Plan To Take Everyone’s Money [Video]

California Plan To Take Everyone’s Money

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Sources:
1. https://www.kcra.com/article/california-wealth-tax-lawmakers-under-consideration/42622738
2. https://www.thecentersquare.com/california/list-of-companies-leaving-california-grows-citing-high-tax-burden-cost-of-living/article_b0add24a-753b-11eb-97bc-5bb1b2df1e43.html
3. https://www.mondaq.com/unitedstates/tax-authorities/1274426/massive-new-los-angeles-transfer-tax
4. https://californiaglobe.com/articles/california-lost-double-the-number-of-companies-in-2021-than-previous-year-says-new-report/
5. https://therealdeal.com/la/2023/01/23/la-expands-renter-protections-before-eviction-moratorium-ends/

Do you plan on investing in real estate in California? Do you plan on starting a business in California? Do you plan on selling your mansion in California? What about buying an industrial park, commercial property or any piece of real estate? Do you ever want to hire an employee in California?

No matter if you are rich, poor or middle class. These new policy decisions will impact how California as a whole operates. California is now preparing to tax the rich and by doing so will likely push a million jobs out of the state. They have now issued a mansion tax to increase tax revenue on all properties sold over $5,000,000 as well as increased taxes for properties sold over $10,000,000.

Los Angeles County just issued a new set of laws against landlords and likely an extension of the eviction moratorium will be coming very soon as they are working on the legislation now to extend until June of 2023.

How will California change over the coming ten years?

#california #economy #tax

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