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Tax Foundation · Jun 2, 2026

Targeting High Earners is Misguided and Will Worsen States’ Fiscal Positions

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Targeting High Earners is Misguided and Will Worsen States’ Fiscal Positions. General industry update.

Summary

Policies that increase the tax burden on high earners makes states less competitive, increase revenue volatility, discourage investment, and risk accelerating outmigration of talent and capital. Many top-earners are already leaving high-tax states for Florida, North Carolina, and other low-tax jurisdictions.

Classification

Category: backgroundPriority: informationalReason: General tax news

Applies To

state

Affected Groups

State and local tax specialists

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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