Tag: wealth flight
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NYC Pied-à-Terre Tax: Why New York Is Driving Away Its Golden Geese
The NYC pied-à-terre tax will drive wealthy property owners to Florida and other low-tax states. New York must stop punishing success before it’s too late. Read why.
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Billionaires Leaving Washington: The High Cost of the New 9.9% Tax
Billionaires are leaving Washington as the state rams through a new 9.9% income tax. This is classic wealth flight. Investors and high earners are voting with their feet, taking jobs and investment capital to low-tax states like Florida and Texas. RIP Evergreen State.
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Why Wealthy People Are Running Away From High-Tax Jurisdictions
The Progressive Tax System is unjust Many jurisdictions impose high taxes on their most productive members of society while offering minimal taxes to those who contribute the least or nothing. Imagine an accountant, an engineer, or a nurse who has spent years studying and working long hours, only to face tax rates of up to…