A Surprising Migration Trend: How State Taxes Are Quietly Redrawing the Wealth Map

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For years, people with wealth followed a familiar pattern: move from high-tax states to low-tax states. The idea was simple – keep more of what you earned and leave more behind for your kids.

That strategy is still around, but the routes families take are changing. State tax policy, which used to be background noise, now plays a starring role in where people decide to live, work, and retire.

Take Washington, for example. Its lack of income tax once made it a magnet. But new capital gains and estate taxes have changed the math, pushing some families to rethink whether the “no-income-tax” label tells the whole story. And Washington isn’t alone. Across the country, small tweaks to state laws are shifting how and where wealth moves.

Read the rest of the article at https://www.advisorhub.com/resources/a-surprising-migration-trend-how-state-taxes-are-quietly-redrawing-the-wealth-map/

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This article is for informational and educational purposes only and does not constitute legal, tax, or financial advice. The information provided is general in nature and should not be relied upon as a basis for any specific tax planning decision.  Readers should consult with qualified legal, tax, and financial professionals regarding their specific circumstances. Coldstream Wealth Management is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training.