Thinking of moving? Your blue state may soon charge you an exit tax [Video]

Ready to pick up and move to another state? Well, you might have to think twice because broke blue states are coming up with a new, creative way to tax you when you cross the border: the EXIT TAX.  

You would imagine this could only happen if you were leaving the country, but this tax exists for some individuals and businesses when they move from the state of California.

California is already known for having the most significant state income taxes in the country, with a maximum rate of 13.3%. There is a reason people are fleeing California to move to states including Florida, Nevada and Texas, where there are no state income taxes.  

California already has cities that include “mansion taxes” for sales of real estate properties. This is why you’ve seen so many wealthy people move to Nevada. Business owners often tell me that California is one of the of the most difficult states to do business in right now.

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