Could Tax Reform Lead To Millionaire Tax Flight?
By: Jana Kasperkevic - January 17, 2018
President Donald Trump promised Americans a “big, beautiful Christmas present in the form of a tremendous tax cut” this year. While the details of the tax reform have yet to be hammered out by the U.S. Congress, some state and local officials are worried that instead of a present the federal government will be delivering them a lump of coal.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.