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‘sometimes-when-you-tax-the-rich,-you-lose-the-rich’:-americans-move-out-of-high-tax-states
‘Sometimes When You Tax the Rich, You Lose the Rich’: Americans Move Out of High Tax States

‘Sometimes When You Tax the Rich, You Lose the Rich’: Americans Move Out of High Tax States

Last updated: April 15, 2026 7:48 pm
By
Kevin Stocklin
1 Min Read
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‘Sometimes When You Tax the Rich, You Lose the Rich’: Americans Move Out of High Tax States

A U-Haul van in New York City. Chung I Ho/The Epoch Times

As blue states raise taxes to fund an expanding array of social programs, companies, jobs, and families are moving out.

On March 30, Washington state enacted a 9.9 percent “millionaire’s” income tax, transitioning it from a no-income-tax state that had attracted companies such as Amazon, Microsoft, Costco, Boeing, and Starbucks, to one of the 10 states with the highest income tax rates, along with California, Hawaii, New York, New Jersey, Oregon, Massachusetts, Minnesota, Vermont, and Wisconsin. The District of Columbia also has a high income tax rate.

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