In Washington State, a tax on capital gains over $250,000 was recently instituted. Jeff Bezos, presumably the target of the tax, left the state just before it w

In Washington State, a tax on capital gains over $250,000 was recently instituted. Jeff Bezos, presumably the target of the tax, left the state just before it went into effect. Friends in the area have told me that many Microsoft wealthy people have left as well. Seattle has instituted a number of punitive taxes on businesses in the city. There has been a corresponding boom in business across the lake in Bellevue. The state has benefited a lot by being a low tax state in the past. It is no longer a low tax state. We'll see how that goes. Musk is one of the more famous industrialists who left California over taxes.