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New Jersey has been running this play for 22 years. Massachusetts pulled in $5.7 billion in three years. Washington just signed its first state income tax since 1932 — and it follows former residents across state lines.
California's Billionaire Tax Act has a retroactive trigger date that's already behind us. And New York is pushing an estate tax change that would cut the homeowner exemption by nearly 90%.
Note: The Need To Know News does not endorse any investments or tax plans, but reports the news. Please do your own due diligence and consult with your own financial experts.
This tax strategy isn't a partisan issue. It's a pattern. Tax policy in America has always followed the same architecture — start at the top, sell it as fairness, expand it down. The 1913 income tax. The 1969 Alternative Minimum Tax. The 1937 Social Security tax. Same playbook, three different generations.
If you own a home in one of these eleven states, this video walks through the specific mechanism each state is using, the historical pattern that proves where this is headed, and what the smart money is paying attention to before these proposals become permanent law.
Between 2015 and 2025, an exodus of residents from New York and California cost those states more than $100 billion each in net adjusted gross income, with Florida and Texas reaping many of the losses.
In a separate video, this Youtube content creator recommended putting property into a trust.