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The article talks about multi-year trends. The Tax Cuts and Jobs Act of 2017 was introduced in November 2017 and became law in December. At most, you can claim
by caseysoftware 8y ago
The article talks about multi-year trends. The Tax Cuts and Jobs Act of 2017 was introduced in November 2017 and became law in December.
At most, you can claim the law accelerated an existing trend but without 2018 data, you're just making things up.
- prostoalex 8y agoThis article https://www.forbes.com/sites/patrickgleason/2018/07/06/millionaires-flee-california-after-tax-hike/ https://www.forbes.com/sites/patrickgleason/2018/07/06/milli... connects most of the emigration to Prop 30 and Prop 55, but it's kinda hard to take it at the face value with "an estimated 138 high-income individuals" and no context on total number of high-income individuals or the tax bill they would've responsible for had they stayed.