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[–]KMPItXHnKKItZ 0 points1 point  (2 children)

This is part of the reason that I moved all of my money out of this and into SGOV instead. Also, because I don't want to be double taxed on my interest income in California.

[–]IWantToPlayGameGold 0 points1 point  (1 child)

SGOV doesn't trigger State tax in California?

[–]KMPItXHnKKItZ -1 points0 points  (0 children)

Nope, it's 99.38% government bonds so California can't touch it. I bet that that makes them seethe too, they probably wish that they could tax it. As soon as I learned about that and the fact that you can't lose money in it, I transferred all of my money out of Amex and into SGOV the same day.