Message Font: Serif | Sans-Serif
No. of Recommendations: 0

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?

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.