The highest-paid taxpayers are unlikely to move. The jobs that pay high salaries are located in these states.
RE: The highest-paid taxpayers are unlikely to move. The jobs that pay high salaries are located in these states.
CA and NY are going to look more and more like third world countries... a few elites served by a huge mass of low skilled workers. The wage gap is going to be enormous.
The highest-paid taxpayers are unlikely to move. The jobs that pay high salaries are located in these states.
...
And they can live well if they move to a lower tax state when they retire.
Banking jobs have been flowing out of NYC and San Francisco and into Charlotte for several years. A great many of these are 6 figure jobs.