Why are tax laws so complicated?

The tax code is so complicated because it is filled with myriad deductions and exclusions that Americans can take for engaging in certain activities, such as buying a home, saving for retirement, and paying down student loan debt.

What are the main sources of government revenue?

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

Where does the state government get its money?

State government revenue comes from income, sales, and other taxes; charges and fees; and transfers from the federal government.

Is it possible to leave California and still have tax issues?

In fact, it can feel like just about any connection to California can be enough to at least raise tax issues. Of course, being a California resident and then moving away has its own set of tax issues. The thought of leaving California over taxes is nothing new.

Is California’s State Tax Agency too aggressive?

If you live in California, you probably know how aggressive California’s state tax agency can be. In fact, even if you live somewhere else, you might have heard of the Golden State’s aggressive tax rules. Buy a vacation home in California, and stay a little too long?

What are California’s tough tax regulations for businesses?

California’s tough tax regulations only describe what is not a unitary business. California says that a business is not unitary where the part within the state is so separate and distinct from (and unconnected to) the part outside the state that the businesses are not a unitary business.

What’s the capital gains tax on moving to California?

After all, California’s 13.3\% tax on capital gains inspires plenty of tax moves. Even where California agrees that you moved, they might not agree when you moved. Say you move from California to Texas and then sell your appreciated stock or bitcoin.