Wealthy individuals finding tax relief in low tax states
Wealthy individuals are finding tax relief in low tax states, leading to changes in income distribution and budgetary constraints for high tax states. This article explores the factors influencing their migration, the characteristics of attractive states, and policy considerations for both high and low tax states. It also discusses different tax strategies for wealthy individuals and the long-term effects of this migration on the economy and social services. A must-read for understanding the trend reshaping the financial landscape for the elite.
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