Did you know that if you live in a high tax state, it may be nearly impossible to leave? On this edition of Lifetime Income, Jim Puplava and Chris Preitauer discuss the impact of the new tax bill, the new tax brackets, and elimination of itemized deductions. For high-end taxpayers looking to leave their high tax state, they may be forced to sell property, their business, and be subjected to multi-year audits. This is an important episode for those considering the possibility of relocation now or in the future.
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