Most don’t believe the retroactive enforcement will hold up in court, and they’re probably right. You have to admire the audacity of continuing to argue that billionaires won’t move because of this tax when we have already seen several billionaires move…because of this tax.
Crucially, moving to another state doesn’t allow one to avoid the tax, since it would be owed by billionaires who lived in California at the beginning of 2026.
It is too late to dodge the tax: there is no incentive to move to another state.
Perspective: @PolicyWilford examines states’ efforts to phase out, adopt, and change their income tax policies, focusing on Missouri’s and Washington’s diametrically opposed approaches. https://t.co/Cg7IhfEJhu
By the time you’ve finished reading this essay, another American will have packed up their bags, left their former state, and moved to Florida.
@PolicyWilford in @SunSentinel
https://t.co/fgRPXcoAMI
"Create a tax system that only takes in the amount of revenue you actually need and doesn't treat your residents like unlimited sources of revenue that you can just tap into at any time," @PolicyWilford told me.
@NTUF
https://t.co/FbAdxvLOPw
A new report is showing that Washington is losing two taxpayers every hour.
Join Washington Policy on the Go this upcoming Tuesday as we are joined by @NTUF's Andrew Wilford on a new report that discusses this trend.
Register below!
@sdrx902@WAPolicyGreen@NTUF Total population is growing (like every other state except WV) due mostly to births, net migration (just the balance between who enters the state and who leaves) is negative
My colleague @PolicyWilford is out with how tax laws and rates aimed at Taylor Swift and Travis Kelce hit everyday workers too: https://t.co/nNiiIoxDbn
This is one those persistent myths that seem to never die.
Rich people do not leave their cities, states or countries when their tax rate goes up. They may whine or complain (or threaten to move), but they don't move.
In my latest @Forbes piece I discuss a report from @NTUF that looks at state migration data. #Florida, #Texas gain residents & income, #California, #NewYork lose both, and this impacts government revenue. Will high-tax states ever learn?https://t.co/c2zg4KyC0l
NTUF recently helped a MO resident get a refund from New York after they taxed him for years because he was working remotely for a New York-based institution but simultaneously informed him that he was outside their jurisdiction when he tried to file a NY employment law claim.
New York State decided I owed them money I'd paid to the state of Illinois (where I'd been a resident for six months), sent tax notices to the wrong address, then seized the money from my bank account without warning.
State Tax News & Views: Office Conversion Incentives, Nexus Reform, Nonresident Tax Triggers.
https://t.co/XBEvZjsNAv
Some states tax you for a single work day. Updates from CA, CO, IL, IN, MA, MD, MO, MT, NY. Tax controversy in Judea.
Don’t be deceived by people who have read no further than the bill’s title claiming that the Inflation Reduction Act reduced inflation.
It didn’t even succeed in reducing the deficit.
@PolicyWilford in @rc_markets
https://t.co/ma0Krzve94