#news Gov. Gavin Newsom announces he will tax the tax-free savings accounts for babies that President Donald Trump designed to help give kids a head start in life
#california
The California Governor has announced his administration will not recognize the 'Trump Accounts' tax-deferred status at the state level - meaning residents in California will be on the hook for additional state taxes on accounts held by minors as young as five years old.
#Taxes
Critics say this is the latest example of Newsom's overreaching government, prioritizing revenue grabs and fueling fraud in the state,
"What kind of leader would impose taxes on a savings account meant for a child's future?"
Trump Accounts were included in the "One Big Beautiful Bill Act" signed into law last year.
They function as traditional IRAs for children under 18, offering tax advantages to encourage long-term savings.
#DC
This isn't the only example of how Newsom's California ignores legal protections, even targeting active-duty military personnel.
In one example, an active-duty U.S. Marine stationed in California under PCS orders - non resident - had the funds frozen in his Navy Federal account, claiming owed state income tax even though he already filed his taxes and was not a California resident.
Under the Servicemembers Civil Relief Act (SCRA), military pay is exempt from state taxation for non-residents.
When he tried to fight it, sent his W-2s and spoke with representatives, he said they either hung up or ignored his voicemails,
Another example comes from a Department of Defense family who was hit with a $20,000 garnishment—even though they already paid.
#ChristinaAguayoNews
I will have less of a presence on The Torrid Tribe Community. We have very little activity here. This is a sign to me that members have found other social media resources that they are spending more time in. I am happy to see less censorship on social media in general. I started The Torrid Tribe 4 years ago when we were in a state of censorship and lockdowns. It was a difficult time and this was a haven and sanctuary for so many.
I will be lightly posting things here to give you all content to see. This community will always be open to everyone and will resurrect to its full capacity if subscribers show they want it fully operational again with full time administration.
Thank you for being a part of this community. Sending each of you hugs.
K-
Creator of The Torrid Tribe
Passion is the vibe that I want to bring to this community. I want to enjoy your passion for whatever it is you are into. Let's share what we learn - and learn what each other shares. Foodies unite. I love to cook and share recipes. I will regularly post pictures and recipes are available upon request. I would enjoy discussing your past, present and future journeys. Nature is God and Mother Earth's exquisite gift to us. Share a picture and we will enjoy the beauty through your eyes. Let's get deep and consensual with great subjective matter. This is a non judgemental safe place to let everything hang out.
Thank you for your membership contribution subscription. It sponsors our frequent zooms.
For those members that are enjoying this Community, Please consider subscribing. Your commitment will help this Community thrive.
Thank you and hugs.
Torri
