California has long been synonymous with high taxes, but new fights over who will hisse them are exposing a sharper fault line. The state increasingly reaches for “tax the rich” tools to fund housing and social programs, while anti-tax forces try to constrain those same tools. California’s tax fight is unfolding under a national spotlight. […]

A “poor man’s 1031 exchange” uses cost segregation and accelerated depreciation on a new purchase to offset taxable gains from a sale in the same year. The approach can defer taxes but is constrained by timing, passive loss rules, and depreciation recapture.