The Billionaire Tax May Be Dead. Your Residency Risk Isn’t.
Proposals to tax high earners are moving between venues. For people who split time across states, one question stays constant: where did you actually live?
Start tracking with Monaeo PersonalWhat’s happening
Tax policy for high earners is in motion, and the conversation keeps moving from one venue to the next.
According to CNBC’s reporting:
California’s proposed billionaire tax appears headed for defeat.
Billionaire taxWashington’s millionaire tax survived its repeal vote.
Millionaire taxTax experts expect proposals in Congress to raise federal taxes on high earners, with a federal wealth tax or a tax on unrealized gains possibly receiving more attention.
Federal proposalsWhich proposals advance, and when, is impossible to say with confidence.
Even if nothing passes, the question remains
A proposal does not need to become law to prompt a closer look. Debates like this one lead many people to review where they spend their time, and in which state. Tax authorities already ask residency questions under today’s rules. They ask them of people who changed states, kept a second home, or worked remotely from a new city. A new tax raises the stakes. It does not create the question.
Residency is the common thread
Whatever form a tax takes, it generally depends on one fact: where you lived. For anyone who spends time in more than one state, whether that’s two homes, a remote job that travels, or seasonal stays, that fact has to be demonstrated, not just stated.
The burden of proof falls on the taxpayer. That means being able to show, often years after the fact, where you spent your days.
Who needs a day-by-day record
If any of these describe you, your residency answer depends on days and details.
You own homes in two states
Each stay counts toward the answer, so each stay needs a date.
You work remotely from more than one place
Your work location can matter as much as your home address.
You spend winters or summers away
Seasonal stays add up quickly across a year.
You travel often for work or family
Short trips blur the count unless something records them.
You moved during the year
Your move date and your days on each side of it both come into play.
What a residency question looks like
Rules vary by state. Many combine a day count with other factors, such as where you keep your home and where your life is based. Questions often sound like this:
Memory rarely answers those questions well. A dated record does.
Why the timing of your records matters
There’s a meaningful difference between a record built as you go and one reconstructed later.
Reconstructed later
Piecing together old statements, calendar entries, and travel confirmations. Time-consuming, and it often leaves gaps.
What strong records have in common
Whatever the rule, the same qualities make a record easy to trust.
- Complete dates. Every day is accounted for, not just the long trips.
- Clear locations. Each day shows the state you were in, not just a city or a trip.
- Real-time capture. The record is made when the day happens, not rebuilt later.
- One consistent source. No gaps, and no competing versions of the same year.
- Fast access. You can produce it quickly when someone asks.
Focus on the record, not the forecast
Rather than trying to predict which rule comes next, the more durable approach is to maintain a reliable record of where you spend your time. The specific rules may vary, but the underlying question stays the same.
How Monaeo Personal Edition helps
Monaeo Personal Edition gives people who split time across states an automatic, audit-ready record of where they spend their days.
Automatic tracking
No spreadsheet to maintain and no manual logging.
Contemporaneous records
Your location history is built as you go, not reconstructed after the fact.
Audit-ready organization
Your days are documented clearly and available when someone asks.
Less year-end stress
No scramble to piece together your travel history.
Instead of wondering whether your records would hold up, you have them.
How it works
Three steps, and only the first one needs you.
Set it up once
Create your account and turn on tracking. Setup is a one-time task.
Live your life
Monaeo records where you spend your days in the background. You log nothing.
Keep your record ready
Your days stay organized by location. When someone asks where you lived, you have the answer.
Common questions
Do I need to track my days if no new tax passes?
Yes. Residency questions come up under existing rules too. A record you start now covers whichever rule follows.
Which rule will apply to me?
That depends on your states and your situation. A tax professional can answer it. A day-by-day record gives that professional what they need.
Does Monaeo replace a tax advisor?
No. Monaeo documents where you spent your days. A tax professional interprets what that record means for you.
Why start before anyone asks?
You cannot go back and record a day you did not capture. A record built at the time is easier to trust and easier to produce.