alt Hacker NewsNext headline: More wealthy people leaving California.
These shenanigans with vehicle taxes happen whenever a neighboring state has a significantly better deal. People register vehicles in friends or families names who live in that state, or form a legal entity there which can own the vehicles. Of course then the high-tax state writes more and more convoluted definitions of "residency" for the vehicle to make it subject to taxation, which are either hard to discover/enforce as a practical matter or someone finds a new loophole and the avoidance games continue.
Replies
> More wealthy people leaving California.
Good! I do not understand why people think this is a bad thing. I would rather be surrounded by poor, kind people than these rich sociopaths.
HN crowd used to hate the rich.
Now comments like this, defending losers with lambos, are seen as admirable.
No wealthy person is going to save money by relocating from California to avoid a $30-40k tax bill on an exotic car. Wealthy people have a beach house in California because they like California.
The people who relocate to avoid taxes are upper-middle class people who are overextended on their finances.