Movement within the country has had an underlying theme to it lately: High-tax and expensive cost-of-living states are seeing an exodus. It is partly catalyzed by the Tax Cuts and Jobs Act, which aimed its sights at tax-heavy blue states by imposing a crushing cap on state and local tax deductions and mortgage interest above $750,000 (a threshold high enough to really only hurt high earners with massive homes).
These are two deductions that Democrat-controlled states often relied on to defray the harm of their bloated tax burdens on their middle- and upper-class inhabitants. Even Alexandria Ocasio-Cortez’s grandmother has relocated from New York to Florida on account of taxes...
To read more visit Washington Examiner.
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