Targeting High Earners is Misguided and Will Worsen States’ Fiscal Positions

Policies that increase the tax burden on high earners makes states less competitive, increase revenue volatility, discourage investment, and risk accelerating outmigration of talent and capital. Many top-earners are already leaving high-tax states for Florida, North Carolina, and other low-tax jurisdictions.

This article is sourced from Abir Mandal. Click below to read the complete article on their official website.