Washington just passed a 9.9% tax on capital gaines over $1m. Largest migration flows are moving toward Texas, Florida & Tennessee
- Forget the politics. The real lesson? Where you live is a financial decision. State income tax, capital gains tax, cost of living. The wealthy have always voted with their feet. Texas and Florida aren’t just warm — they’re tax efficient.
- When states cut taxes, they are competing for builders. When states raise taxes, they are competing for control. Washington’s new capital gains structure now reaches 9.9% on taxable gains above $1 million, while states such as Texas and Tennessee still sell a simpler message: keep more of what you build.  Capital is not patriotic. It is rational. It moves toward lower friction, lower taxation, and fewer penalties on success. That is why migration keeps favoring low-tax states. Census data shows Texas remained a top destination for net domestic migration, while California and New York posted some of the largest domestic outflows.  This is the real divide in American governance: One model tries to grow prosperity by rewarding production. The other tries to fund itself by taxing accumulated success harder. History is clear on which system compounds. Capital does not stay where it is punished. It leaves. – MM
- As a New Jerseyan, it has become increasingly hard to make ends meet with the insane taxes we must pay. Democrat policies are killing our dreams of one day buying a house. = Liberty Chai
- The left doesn’t understand the need for budgets, or economics in general. They honestly believe that production is static and they can continuously raise taxes to offset deficits and increase spending. Just because you want something to be true, doesn’t mean it ever will be.
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