Millionaires don’t move

Chris Christie says high state taxes drive millionaires away. Here’s why he’s mistaken.

Millionaires don’t move from high-tax states to low-tax states in significant numbers, according to a recently published study. And when they do move, it’s to Florida, disproportionately more than other low-tax states, such as New Hampshire, Tennessee and Texas. That suggests the millionaires are moving for reasons other than fleeing taxes.

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