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1 week agoWhy Silicon Valley is really talking about fleeing California (it's not the 5%) | TechCrunch
I don't understand why the billionaires just aren't calling good tax lawyers," he told The San Francisco Standard this week. Gamage insists founders wouldn't be forced to sell. Those with most of their wealth in private stock could open a deferral account for assets they don't want taxed immediately - California would instead take 5% whenever those shares are eventually sold.
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