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kamran · Guru

RE: What is the Exit Tax California?

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Williamso · Veteran Member

Exit tax California is a service that are working a on the business tax return file that are doing it to reduce a taxes of your business and also help to pay a less taxes properly.

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-- Edited by Williamso on Friday 14th of November 2025 08:31:34 AM

Date: Jul 22, 2025

Exit tax California is the idea of taxing high net worth individuals as they leave the state particularly when such individual still have economic considerations. The tax has not been enacted despite being talked about in law circles a number of times. It is practiced on individuals who are of substantial wealth or have substantial assets in business and it is set to interfere with the loss to the revenue due to migration of residents to other states which are tax friendly. The name has led to the confusion since it is not found to have a formal exit tax legislation in effect now but proposed legislation still sparks debate on this issue.