Wealthy Americans flee high-tax states, take billions with them: ‘Tax the rich. The rich leave.’

In this Jan. 3, 2019, file photo a Realtor sign marks a home for sale in Franklin Park, Pa. On Tuesday, Jan. 22, the National Association of Realtors reports on sales of existing homes in December.

By James Varney – The Washington Times – Wednesday, April 10, 2019

The real estate market in some of the richest pockets of the Northeast is flooded with sellers, as homeowners try to unload gorgeous properties — and their high tax rates.

There also is evidence that Americans are not just moving to smaller homes in town but fleeing high-tax states altogether as they search for more frugal digs.

“Tax the rich. Tax the rich. Tax the rich. The rich leave,” New York Gov. Andrew M. Cuomo, a Democrat, lamented in February as he announced an anticipated revenue plunge in the Empire State. “And now what do you do?”

The population of New York and other high-tax states has posted a demonstrable decline in recent years, sparking a debate on whether there are limits to how much the taxman can squeeze from residents.

The issue is particularly acute as the April 15 income tax filing deadline approaches — the first since the Republicans’ tax overhaul capped the amount of state and local taxes that can be deducted on federal returns.

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All of this is due to the greedy socialists New York Governor and Mayor of New York, and  politicians who can’t see the forest for the socialist trees who are dieing by the groves right in front of their eyes.  But their corrupted  pockets are full and they do not care if their state turns their streets into trash and garbage because their people will not have lived their lives in streets of  Gold, Frankincense, and Myrrh.

Wake up New York people – you are allowing it by voting these crooks into office.

kommonsentsjane