Reported 17 days ago
As Kamala Harris's potential presidency raises concerns among high-income earners, experts suggest that states like California and New York could face significant tax increases that would notably affect wealthy residents. With proposed federal tax changes potentially increasing burdens in high-tax states and impacting even tax-friendly states like Florida, wealthy individuals should be aware of the broader implications for their finances. Notably, states heavily reliant on fossil fuels may also experience economic shifts under Harris's energy policies.
Source: YAHOO