On Friday, December 29, 2017 at 5:17:48 PM UTC-8, 2G wrote:
Andy,

NINETY FIVE PERCENT of Americans are getting a tax cut. If you are in the 5% group and are a wealthy person living in those states you mention: GOOD LUCK! You will pay for your tax increase thru your wealth gains.

Thanks for the ALL CAPS reply!

I ran the investment return numbers too - it'll take an additional low-to-mid-double-digit run up in asset values for me to break even on the higher tax rates over 20 years. I'm all for a lower corporate rate, BTW - they just should have paid for a bit more of it by reducing the corporate tax preferences. Low rates with low preferences would make investment decisions swing to the US just as well, but wouldn't run the deficit up. If If they's done that they could have dropped a couple more points of each tax bracket on the personal side to cover the elimination of deductions better. You can't make everybody whole, because there is too much state-to-state variation, but it would have made more sense from a policy perspective.I guess I can always move to Nevada or Washington like all the other tax avoiders. Sigh.