Without a doubt, some Californians have chosen to reside in the Golden State for its vast beauty, tremendous employment opportunities, and diverse population and points of view. However, many folks are beginning to question whether these benefits are justified by the high cost of living, particularly when it comes to housing and taxes.

Show Notes:

Important Disclosures: https://www.bosinvest.com/disclosures.

[1] See Franchise Tax Board Publication 1031 for a full list of what might be deemed a close connection.

Sources:

U.S. Census Bureau, “2019 Median Household Income in the United States,” September 17, 2020, https://www.census.gov/library/visualizations/interactive/2019-median-household-income.html

Zillow, “United States Home Values,” https://www.zillow.com/home-values/

Katherine Loughead, “State Individual Income Tax Rates and Brackets for 2021,” Tax Foundation, February 2020, https://files.taxfoundation.org/20201130112944/State-Individual-Income-Tax-Rates-and-Brackets-for-2020-U.pdf

Janelle Cammenga, “Ranking Property Taxes on the 2021 State Business Tax Climate Index,” Tax Foundation, December 9, 2020, https://taxfoundation.org/best-worst-state-property-tax-codes-2021/

Lee Ohanian, “California Businesses Leave The State By The Thousands,” Hoover Institution, September 8, 2020, https://www.hoover.org/research/california-businesses-leave-state-thousands

Jared Walczak and Janelle Cammenga, “2021 State Business Tax Climate Index,” Tax Foundation, October 21, 2020, https://taxfoundation.org/2021-state-business-tax-climate-index/

Cato Institute, “Freedom in the 50 States,” https://www.freedominthe50states.org/regulatory/california