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Illustration: Jack Sachs for Bloomberg

High-Tax States Make It Hard for the Rich to Leave

Wealthy Americans contemplating a move to a low-tax state might want to reflect on these five tales of woe.

This tax season, many wealthy Americans are getting an expensive jolt. 

The Republican tax overhaul signed by President Donald Trump more than a year ago provides plenty of perks for the rich. But not all well-off folks are treated alike under the new law. A controversial provision that helps pay for huge corporate tax cuts punishes residents of states with higher income taxes—most of which, but not all, lean Democratic.