Millionaires Are Leaving New Jersey
22nd January 2019
Gee, I wonder why?
Experts quoted in the story ascribe the flight to several reasons, not the least of which is the reduction of the local and state tax deduction. People with the kind of wealth we’re talking about often have more than one home and can go live in Florida where the taxes are more manageable. Financial advisors are recommending their high net worth clients to move out of state if possible to avoid the tax burden and many are taking their advice.
Oh, yeah.
January 22nd, 2019 at 07:45
They just don’t get it, poverty is portable but for socialism to work, wealth must have its feet nailed to the floor. Just stand there and let us take everything we need.