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

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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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