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Reply to "Retirees living off their investments in expensive resort towns"
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[quote=Anonymous][quote=Anonymous]I would not move to high tax CA from a low tax area that seems dumb[/quote] Rich people don't do that. They own a very nice house in Newport Beach, Laguna Beach, or Pacific Palisades and only visit California less than 180 days per year. It's never their primary residence. Mitt and Anne Romney have one of the nicest houses in La Jolla. But they are still tax and voting residents of Utah. Those two lead a great lifestyle - skiing in Utah, summer in La Jolla. [/quote]
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