For a couple of years, we have seen how California is trying to raise taxes. Which was one of the main reasons people were leaving the ''Golden state''. Now California has a new tax-hiking plan. According to an analysis by professors at UC Berkley and UC Davis, the tax is projected to generate more than $22 billion a year in state revenue.
The bill, which if passed would go into effect next year for billionaires and in 2025 for eligible millionaires, would go to vote for approval in 2022. In this video, Andrew shares an article from https://fox5sandiego.com/ about California's latest wealth tax proposal announces a new speaker who knows everything about living in California and how can avoid taxes legally.
This kind of legislation is exactly what we talk about here at Nomad Capitalist when we say you should ‘Go Where You Are Treated Best.’ We offer holistic strategies to help successful entrepreneurs and investors legally reduce their tax bills, create a Plan B, get a second citizenship, and grow their wealth globally.
We cover topics from how life in the USA differs by leaving the US to live overseas. For example these kinds of taxes in California and not something you would see by living in El Salvador for example.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.