Sometimes When You Tax the Rich, You Lose the Rich: Americans Move Out of High Tax States

A U-Haul van in New York City. Chung I Ho/The Epoch TimesAs blue states raise taxes to fund an expanding array of social programs, companies, jobs, and families are moving out.On March 30, Washington state enacted a 9.9 percent “millionaire’s” income tax, transitioning it from a no-income-tax state that had attracted companies such as Amazon, Microsoft, Costco, Boeing, and Starbucks, to joining the ranks of the 10 states with the highest income tax rates. That list includes California, Hawaii, New York, New Jersey, the District of Columbia, Oregon, Massachusetts, Minnesota, Vermont, and Wisconsin.