Will Hedge Fund Millionaires Flee South If They Face Higher Taxes?

Wall Street Fights States’ Effort To Tax Billionaires

During his presidential campaign, Donald Trump pledged to eliminate tax provisions that allow Wall Street money managers to pay a lower tax rate on their compensation than most middle-class people pay on their income. Financial executives taking advantage of the tax maneuver “are getting away with murder,” he said. Yet since taking office — and subsequently…

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