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Microsoft Vice Chair and President Brad Smith said Washington should recognize it is now operating as a high-tax state and consider how that affects economic competitiveness. Speaking at Thursday’s Puget Sound Regional Council General Assembly meeting, Smith compared Washington’s tax structure to other high-tax states, including California, New York,...

59,282 views • 2 months ago •via X (Twitter)

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🗣️ Just saw this on .FOX Business “EXIT TAX” 😳plastered over a mountain of cash. The caption says it all: “They’re gonna tax you with a knife in your back when you leave, too.” 😱 And it’s not just talk. Across the country, at least 10 states are now exploring or have already pushed wealth taxes and “exit taxes” to punish residents who dare to flee their high-tax, high-spending disasters for lower-tax states like Florida, Texas, or Tennessee. Leading the pack: 1. California — “Billionaire Tax Act” (5% one-time hit on net worth over $1 billion) 2. New York Wealth and high-income tax proposals, plus aggressive residency audits on departing residents. 3. Washington Recently passed 9.9% tax on incomes over $1M; earlier capital gains tax. 4. Michigan Ballot proposal for 5%+ tax on high earners (over $500K); constitutional amendment efforts. 5.Massachusetts Millionaire surtax already in place; additional wealth/exit ideas under discussion. 6. Connecticut Wealth tax proposals and high-income surcharges. 7. Illinois — Debating 3% tax on income over $1M. 8. New Jersey — Has existing withholding rules on real estate sales for former residents (often called an exit mechanism). 9. Maryland — High-income and capital gains adjustments; history of targeting departing wealthy residents. 10. Hawaii or others in the broader group — Part of earlier coordinated wealth tax pushes (some reports fold in states like these for ongoing discussions). ✅ …plus others quietly lining up. Some proposals include “look-back” rules so they can keep taxing your worldwide assets even after you move out. This isn’t about “fairness.” It’s about governments that refuse to cut wasteful spending, so instead they try to trap the golden geese who actually pay the bills.

🦅 Eagle Wings 🦅

20,383 views • 3 months ago