Atlas is shrugging. Next up will be a very steep fed tax (penalty) for leaving. NJ and some other states already extorting people who move out of the state.
“Atlas is shrugging. Next up will be a very steep fed tax (penalty) for leaving.”
There already is, but people still think it’s worthwhile paying. The numbers leaving would be even higher if there weren’t an additional penalty imposed by the government. There was an article about this a few weeks back in the New York Times or Wall Street Journal.
Hadn't heard about this. What are they doing?
That’s already happening the IRS is charging you something like 25% of your wealth to leave.
“NJ and some other states already extorting people who move out of the state.”
Do you have any details? This is scary!
What would happen if a state like California put a huge tax on leaving?