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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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