An unprecedented number of Californians left for other states during the last decade, according to new tax return data from the Internal Revenue Service. About 5 million Californians left between 2004 and 2013. Roughly 3.9 million people came here from other states during that period, for a net population loss of more than 1 million people. The trend resulted in a net loss of about $26 billion in annual income. (see source)
The hypocritical politicians in Sacramento just do not get it. I will support common sense approaches.....
- Eliminating the gas tax and increased DMV fees. Those who could afford this the least were penalized the most which was wrong. We already had some of the highest gas taxes in the country yet our roads are a disaster. It is time to hold the hypocrite politicians accountable for where did the money go?
- Additional tax incentives so small business employers located in targeted census tracts who hire full time employees with benefits and help improve the quality of life for their employees. Real jobs for us in our communities. We need a focus of helping lift people who are now low income to become middle income and then become upper income.
- California residents who are 62 or older who have owned rental property for 5 years or longer who sell those residential properties (1 to 4 units) should have up to a $250,000 capital gains exemption per property up to a $500,000 life time total. We have so many properties that could help improve the availability of housing not available in the market. We have so many properties in need of updating that could get rehabilitated if sold. Often senior citizens won't sell due to the capital gains tax liability. Let's give them an incentive to free up inventory; have a new owner rehabilitate the property; allow the county to assess property taxes are the current market.
- Those who became new US Citizens all know the high financial cost of doing so. For a two year period new US Citizens residing in California should get a $250 tax credit for each year. Let us help people. Let us reward those who become a citizen.
- I pledge we shall not raise taxes without at least an equal offset of reducing other taxes elsewhere. We are taxed more than enough. It is time the politicians learn to live without our means.
Source: Sacramento Bee by Phillip Reese Roughly 5 Million people left California in the last decade. See where they went.