So Long, California. Sayonara, New York
Conclusion for those in high tax states: Get out while the getting is good. Mass migration is coming to low tax states near you. And why should low tax states continue to subsidize those in high tax states via Federal Income tax deductions? Arthur Laffer of the famous Laffer curve demonstrates why there’s still no free lunch, only hidden costs that distort true costs and allow free loaders to remain inefficient.