What is Cal Exit Tax?
Quote from accountinglads on July 22, 2025, 1:00 pmCal Exit Tax is an abbreviation of California Exit Tax which is a tax policy proposed on the wealthy citizens of the state when they exit the state. It was not adopted, but has been proposed in such proposals as AB 2088. Once passed, it would enable California to impose taxes on the former residents who continue to earn the income incalculated with businesses or investments based in California. The concept has raised a lot of interest, especially the right to spend personal money in any manner, unwarranted taxes on the same and what the government can do about it.
Cal Exit Tax is an abbreviation of California Exit Tax which is a tax policy proposed on the wealthy citizens of the state when they exit the state. It was not adopted, but has been proposed in such proposals as AB 2088. Once passed, it would enable California to impose taxes on the former residents who continue to earn the income incalculated with businesses or investments based in California. The concept has raised a lot of interest, especially the right to spend personal money in any manner, unwarranted taxes on the same and what the government can do about it.