Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
  • Voroxpete@sh.itjust.works
    32·
    4 days ago

    This is your regularly scheduled reminder that - statistically, and in aggregate - millionaire tax flight does not exist. It’s a myth built on anecdotes and misunderstood stats.

    For an excellent study on this, refer to Cristobal Young’s The Myth of Millionaire Tax Flight.