California does already tax the wealthy, this is just more taxes on the wealthy. | Hacker News

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		Jensson 12 days ago \| parent \| context \| favorite \| on: Larry Page leaves California to protect $12.5B fro... California does already tax the wealthy, this is just more taxes on the wealthy.

Guvante 8 days ago [–]

Except if you buy, borrow, and die you don't pay taxes.

Elon Musk only paid taxes because he had stock options that were going to expire. Otherwise he just doesn't sell shares thus not triggering a taxable event and not paying taxes.

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