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Title: 800,000 people are about to flee New York and California because of taxes, say economists
Source: Liberty Crier
URL Source: https://www.cnbc.com/2018/04/26/800 ... lifornia-because-of-taxes.html
Published: Apr 28, 2018
Author: CNBC
Post Date: 2018-04-28 19:39:55 by NeoconsNailed
Keywords: None
Views: 68

Conservative economists Arthur Laffer and Stephen Moore are predicting a new mass exodus of wealth from New York and California because of the new tax law. But academics who have studied taxes and migration call the forecast "pure nonsense."

In an op-ed in the Wall Street Journal headlined "So Long, California. Sayonara, New York," Laffer and Moore (who have both advised President Donald Trump) say the new tax bill will cause a net 800,000 people to move out of California and New York over the next three years.

The tax changes limit the deduction of state and local taxes to $10,000, so many high- earning taxpayers in high-tax states will actually face a tax increase under the new tax code.......

Click for Full Text!

Poster Comment:

God help the states they MOVE TO.

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