LogFAQs > #954986710

This reminds me that living in California sucks if you're into stocks, seeing as I'm taxed about 8-9.3% *on top of federal taxes* and the state makes no distinction between long and short term capital gains taxes so there's less benefit to holding to cash out later. This isn't great. I earn most of my money from a job though, so at least there's that. I'm considering just going long term with some good ETFs that focus on capital appreciation (to reduce taxes on dividends) and eventually just moving to Nevada and cashing out then. Meanwhile, I'd just use a broker that lets me borrow at 2% on assets that appreciate 10% per year and claim losses on that interest.

I'm also just considering moving out of California because the rent is too damn high (and buying a home is insane) but that's another topic.

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<D