I wonder if anyone steadfastly supporting the Buffett Rule has considered the fact that Millionaires and aspiring Millionaires already live in the states with the highest real estate and income taxes. In NYC alone real estate taxes are up 400% since the late 1990’s and does not include the additional and high personal income taxes NYers have been paying for ages.
CNBC.com Article: Memo to Would-Be Members of the 1%: Move to the Northeast or Mid-Atlantic
Reaching for the American dream? Your best chances are probably in New York, New Jersey or Maryland, the New York Times reports.