I never tire of these stories about people who have finally been hit with their final straw and decided to put an end to their fiscal rape by insatiable tax hungry State Rulers and physically relocate to less expensive locales.
More people leaving New Jersey than arriving, moving company says
With so much of their tax base fleeing their clutches, the State Rulers will continue to follow the path of squeezing even more out of those who remain within their jurisdiction. The short-sighted Rulers have never been able to grasp the moral of Aesop’s “Goose That Laid the Golden Eggs” fable.
Just wait until people in those high tax states see their 2018 1040s during the upcoming Tax Season, with the amount of non-deductible state and local personal taxes because of the new ridiculously unfair $10,000 limit. That should trigger even more Tax Refugees.
[Update 2/5/19] – New York’s Governor is feeling the pinch from the tax revenue lost due to taxpayers bailing from his State.
Cuomo Announces $2.3 Billion Revenue Shortfall: ‘God Forbid If the Rich Leave’
Tax Guru - Ker$tetter Letter 