Mass Exodus from Socialist States [Video]

Craig Huey Economics, Free Markets and Socialism 10 Comments

Families are leaving socialist states… Businesses are leaving socialist states… The wealthy are leaving socialist states. It’s a mass exodus from high-tax, high-regulation, socialistic states to those with low taxes, less regulation … and more freedom. The largest migrations are exiting from Illinois, New Jersey, New York … and the largest of all – California. California has lost 13,000 businesses …

Mass Exodus: Why People Are Escaping Certain States [Video]

Craig Huey California, Taxation 4 Comments

Most Americans are celebrating lower taxes … but not necessarily wealthy taxpayers living in high-tax states. New York, New Jersey, Illinois and California are among those states seeing a mass exodus. Why? Because of the limitation of only a $10,000 federal tax deduction for state and local income taxes plus property taxes. Wealthy individuals with million dollar incomes and above …