Here's how higher state taxes on the wealthy could affect interstate migration trends

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Higher state taxes on wealthy Americans have prompted top earners to move to lower-tax areas, some experts say.

There's a growing debate over how higher taxes on the wealthy affect interstate migration trends, and some experts say millionaire tax flight is underway.

"There's more movement among the highest income and highest net worth individuals than there is among the lowest," he said, and studies show there's an out-migration when states make these changes.Middle-class Americans want to know how the wealthy make money Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly, known as SALT, which has been a key issue in high-tax states like California, New Jersey and New York. The limit was designed to raise tax revenue for other TCJA provisions.

Source: Entertainment Trends (entertainmenttrends.net)

 

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