Incline Village real estate: IPOs and property values | TahoeBonanza.com

Don Kanare, local Incline Realtor wrote an interesting piece about the influence that the San Francisco Bay Area technology industry is having on Lake Tahoe real estate.  In particular, he points out how avoiding California income tax by becoming a Nevada resident could possibly pay for a home here in Incline Village.

Incline Village real estate: IPOs and property values | TahoeBonanza.com:

Don Kanare writes... "With California income taxes for high earning individuals having fluctuated between 9% and 11% over the years, anyone with a few million dollars in stock options can practically get a free residence in Incline Village or Crystal Bay just from the tax savings. The math is pretty straightforward. Relocate to Nevada and establish residency here. Live here for a long enough time to satisfy your accountant and the tax authorities, then exercise your stock options and you have magically avoided paying state income tax to the State of California."

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.