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California Taxes

All articles tagged with #california taxes

business3 hours ago•6 min saved

California Tax Fears Spark Miami's Billionaire Luxury Real Estate Boom

California billionaires are driving a Miami luxury real estate surge, led by Larry Page’s nine-figure purchases in Coconut Grove, with Sergey Brin and Mark Zuckerberg rumored to be close to deals; the rise is linked to a proposed California billionaire tax and Florida’s zero state income tax, fueling a surge in waterfront property demand as Miami attracts tech and finance moves and launches talent initiatives such as Palantir’s HQ shift and Ambition Accelerated.

via Business Insider|

#billionaires #business #california-taxes

sports2 years ago•4 min saved

"Shohei Ohtani's Dodgers Contract Offers Tax Benefits, Delights Fans, Amidst MLB Turmoil"

Shohei Ohtani's record-setting contract with the Los Angeles Dodgers includes a unique bonus: the potential to mostly avoid California's high income taxes. With 97% of his income deferred, Ohtani could choose not to live in California after his playing career ends, potentially avoiding the state's 13.3% income tax and 1.1% payroll tax. The details of Ohtani's contract appear to fit within a federal law that prohibits states from taxing the retirement incomes of former residents. While the exact amount of state taxes Ohtani will pay is unknown, his contract highlights the impact of wealthy residents on California's finances.

via KABC-TV|

#california-taxes #deferred-compensation #los-angeles-dodgers