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California’s Wealthy Are Leaving for Nevada
California’s tax burden is driving wealthy residents to Nevada, where zero state income tax, lower housing costs, and no wealth tax make it an increasingly attractive alternative for families and entrepreneurs. With California’s 13.3% income tax and hefty transfer taxes on high-value homes, plus looming exit tax proposals, many are rethinking where to build their futures. Nevada’s tax-friendly environment, combined with the rise of remote work, is fueling a significant migration — even as California’s sunshine and innovation remain, the financial calculus is tipping decisively toward the…
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