Save Money On Taxes: California High Income Earners Flock to Texas for Unfinished Business

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Bill Achola offers a variety of business and investment tips in his business blog. Saving on tax expenses by establishing a residence or business location away from the high cost of taxes found in California is one method.

Bill Achola

Bill Achola, business blogger, is pleased to announce his financial blog has tips and advice on investing, cutting expenses, Forex currency trading and how to save money on taxes. With taxes taking an ever growing bite out of income, these tips are helpful to reduce expenses and thus have more money to grow through smart investment techniques.

A technique that is growing in popularity, at least among California high income earners is to relocate. With the highest state taxes in the nation at 13.3 percent, millionaires pay a total of 51.9 percent state and federal tax hit. Although many of the wealthy say that they are happy to do their part to help with budget deficits, others are seriously considering leaving the state in order to find residences where the state tax is less or non-existent.

The taxes in California have resulted in a balanced budget and a growing economy for the first time in several years. The tax obligation has been higher in the past, but not for many years. A tax surcharge is one reason for the improvement in the State coffers.

As odd as it sounds, one way learn how to save money on taxes is to move a business or residence to a location that has no state income tax or has a lower rate than that of California. Texas has been recruiting California businesses successfully for several years. High income earners from California who move to Florida, which has no state income tax, have effectively given themselves a tax cut of 13.3 percent.

Learn more about tax tips and strategies by visiting the web pages here at today. Members of the press and others who have further questions about the content of this specific press release should contact Mr. Achola at the location described below.

Contact Person Name: Bill Achola
Company Name: BA LLC
Address: Orange County, California
Contact Telephone Number: 254724672943
Email: achola.jack(at)gmail(dot)com

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