Fleeing High Tax States And The Stickiness Of Domicile - 02-15-26

Before Zohran Mamdani was elected, Richard Pollina of the New York Post reported that nearly a million New Yorkers were ready to flee the Big Apple because of fears about his administration. And they would not be fleeing just the city, but the entire state of New York.“The Carolinas, Florida, and Tennessee have emerged as top escape destinations thanks to lower income taxes and property taxes.”And while evidence has not indicated this actually occurred, it’s still worth thinking about. Part of preparing to leave a high state tax is facing up to the fact that the tax collectors of high-tax states can be kind of clingy. There is more to changing your residence for tax purposes than simple steps like a new driver’s license and a change in voter registration. Listen in and let's take a review of recent developments.This podcast is meant for entertainment purposes only. For the more thorough, complete, and accurately written version of this article which includes citations, visit us at http://www.tottb.tax