The New CS Board

[jumanji0881]

Yeah, I'm looking into what would constitute a residency change (ie months/year) to another state. The tax will face legal challenges. The thing is the state does not need the tax to balance the budget, but they claim it is an equity tax (tax the wealthy and give it to the lower income). I'm expecting Biden to treat capital gains as ordinary income and to also increase the tax rates. Once that happens, the government would take 50% of your capital gains in taxes.