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Properly avoiding CA tax | Properly avoiding CA tax |
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My wife and I retired with a portfolio of stocks purchased 20 or more years ago. Since we live in California I understand that in addition to the IRS 15% capital gains tax we must pay a 10% state tax on any sales profit. We are considering establishing our residency in Nevada which has no state tax and then selling our stock. The big question is, if we do Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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