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60 Days In California Could Earn You 10 Years Of Taxes

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Bradley Devlin General Assignment & Analysis Reporter
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California is considering a new piece of legislation that would impose a 10-year wealth tax on any individual who spends more than 60 days in the state during a calendar year.

If Assembly Bill 2088 (AB-2088) passes, California will become the first state with a wealth tax, according to Governing. The bill would also impose a wealth tax on individuals that attempt to flee the state’s high taxes or visit for more than 60 days out of the year. Not only would the tax be costly to implement in most cases, but the bill as currently written would also cast a net wide enough to capture wealthy foreign college students and medical patients receiving extended treatment in California for 10 years.