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Author: Donuttopia Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124931  
Subject: Re: State of Residence Question II Date: 12/29/1999 1:37 AM
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Phil is correct, I live in CA and work in CA. In essence,I am exploring how difficult it is to be a token NV resident in order to un-obligated myself from CA's 9.3% tax on my LTCG.

Essentially Hassle + cash flow for NV residence < CA tax savings less net fed tax increase (smaller CA tax deduction/more interest deduction etc).

It sounds petty, but that 9.3% adds up in a hurry. For example, the RuleBreaker port's AOL position for CA resident has an unrealized tax obligation of almost $30,000. The AMZN position is another $20,000. That's several years payments on a modest house.

Unfortunately, I don't have a copy of the RB port in my port. I wish I did, but if I did, or if you did, how much hassle would you put up with to not have to give CA that $50,000 when you sold AOL & AMZN?

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