EPISODE · May 4, 2026 · 16 MIN
SFGate: Study tracked movers for years after they left California. Here's what it found.
from #LegalBytes: The Official Podcast of Cummings & Cummings Law · host Cummings & Cummings Law
Attorney and CPA Chad D. Cummings presents this powerful presentation on the California Policy Lab study tracking households that left the state from 2016 through 2025. The data reveals that Californians who moved out saved an average of nearly 700 dollars per month in housing costs, paid 631 dollars less in rent, and saw median home prices drop by 396,000 dollars in their new states. Those who left became 48 percent more likely to own a home within seven years. The study shows higher income but financially stretched residents are fleeing California's 13.3 percent top marginal income tax rate, skyrocketing housing costs, and burdensome regulations. Meanwhile Florida gained 20.6 billion dollars in net adjusted gross income. This presentation explains exactly how California business owners can use redomestication to move their company to Florida or Texas without creating a new entity, without dissolution, and on a completely tax free basis while keeping their FEIN, contracts, credit history, and bank accounts fully intact. If you own a business in California and the numbers no longer work, this could transform your financial future. Learn more: https://www.cummings.law/redomestication/
What this episode covers
Attorney and CPA Chad D. Cummings presents this powerful presentation on the California Policy Lab study tracking households that left the state from 2016 through 2025. The data reveals that Californians who moved out saved an average of nearly 700 dollars per month in housing costs, paid 631 dollars less in rent, and saw median home prices drop by 396,000 dollars in their new states. Those who left became 48 percent more likely to own a home within seven years. The study shows higher income but financially stretched residents are fleeing California's 13.3 percent top marginal income tax rate, skyrocketing housing costs, and burdensome regulations. Meanwhile Florida gained 20.6 billion dollars in net adjusted gross income. This presentation explains exactly how California business owners can use redomestication to move their company to Florida or Texas without creating a new entity, without dissolution, and on a completely tax free basis while keeping their FEIN, contracts, credit history, and bank accounts fully intact. If you own a business in California and the numbers no longer work, this could transform your financial future. Learn more: https://www.cummings.law/redomestication/
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SFGate: Study tracked movers for years after they left California. Here's what it found.
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