Robert W. Wood is a tax lawyer focusing on taxes and litigation. For example, do you maintain a California base in a state of constant readiness for your return? Year after year, no state has a ...

The California income tax rate can be as high as 12.3%, but Texas doesn’t tax income. New York came in second as the state that lost the most taxpayers from 2020 to 2021. The Empire State lost ...

That fraction of Musk's income from exercising his options would then be subject to California income tax. With only a bit more than a week left of 2020, it's likely Musk won't exercise his ...