Friday, July 20, 2007

Deja vu all over again

“I’m hearing from more California baby boomers, 'I need to get out,’ ” said Diane Kennedy, a Phoenix accountant and financial adviser to the wealthy. “You can still make a lot of money in California. The problem is, then you have to pay taxes on that money,” said Kennedy, who recently helped a California client with annual income of about $1 million save $96,000 annually by making their home in Jackson Hole, Wyo., their primary residence.

“Effectively, you have the state of California subsidizing their relocation through tax savings,” Kennedy said.
It's happening again.

It doesn't look like they'll ever get it right.

Man does not walk willingly to the sacrificial

The rest of the report.