Well, as I continue to enjoy the sailing lessons I've started taking, I start dreaming of a lifestyle of live aboard cruising to distant shores. Lazy days at anchor off Bora Bora and all that. So a cruising sailboat (or maybe a trawler yacht) becomes our permanent residence, with maybe only a few days each year spent in a California house, do we escape Californa income taxes on my corporate pension, stock sales (CA treats capital gains as ordinary income - at 9.3% ouch!), and Social Security?Anyone know what the world sailor with a little used second home in California needs to do to legally avoid the clutches of the Franchise Tax Board? Would a PO box in Papeete be necessary? Could one still maintain a second home in El Segundo? --Leftcoastjayhawk (who is still trying to figure how how to pay for such a yacht - reduced taxes would help - a little...:-)
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