Millionaires don’t flee states over higher taxes • Nevada Current

Millionaires don’t flee states over higher taxes • Nevada Current

(Photo: Getty Images)Increasing taxes on high income earners helped raise revenue without hampering the wealth of the millionaire class in Massachusetts and Washington, according to a new policy brief from the Institute for Policy Studies and State Revenue Alliance. A common counter to raising taxes on the rich is that they will simply flee their home states to jurisdictions with friendlier tax codes. While some tax migration is inevitable, the …