Fear and Loathing of Leaving California: Real Tax Traps & Executive Loopholes

Описание: Tax and business advisors for the global family. Go to IRSMedic.com to get Started Today

Join international tax attorney Anthony E. Parent, Esq. @IRS_MEDIC, host of the IRSMedic Podcast, for a no-holds-barred discussion on one of the hottest issues facing high earners and everyday taxpayers alike: escaping California's aggressive tax grip.In this episode, Anthony teams up with two leading experts on cross-border and expatriation issues:

Keith Redmond of American Expatriates, a specialist in helping Americans navigate life abroad.
John Richardson of Citizenship Solutions, renowned for his deep dives into U.S. citizenship-based taxation and residency rules.


The similarity between US expats and Californian "expats" are alarming. California, as well, looks to exercises it ownership interests overs it subject.

They break down the fear and frustration of trying to leave California without getting slammed by the Franchise Tax Board (FTB).

Expect straight talk on residency audits, the myths and realities of so-called "exit taxes," and how the state aggressively pursues former residents—even years after they've moved.

The conversation goes beyond state borders to cover the broader challenges U.S. expats face under citizenship-based taxation: worldwide income reporting, FBAR headaches, and the unique pitfalls for those renouncing or relocating.

They'll also dissect the latest proposals, including the 2026 Billionaire Tax Act ballot initiative and its potential one-time wealth hit, examining the legal claims California makes to keep high-net-worth individuals in the net.

Finally, get the unvarnished truth on why the tax code feels rigged: how the ultra-wealthy legally sidestep massive burdens through tools like Private Placement Life Insurance (PPLI) wrappers and other sophisticated strategies—options that remain out of reach for regular Americans.

While the system is marketed as progressive, it often protects accumulated wealth while hitting wage earners and small investors hardest.If you're considering a move out of California, already living abroad as a U.S. citizen, or just want to understand how taxes really work for the powerful versus everyone else—this episode delivers the facts without the spin.

Tune in live or catch the replay. Subscribe for more hard-hitting tax truth.#CaliforniaTaxes #ExpatTaxes #WealthTax #IRS #TaxPlanning #AmericanExpatriates #CitizenshipTaxation