The Wall Street Journal

Blue States Hunt for Ways to Wring More Taxes From the Wealthy

‘Taylor Swift tax,’ among other levies, targets the rich. Will they be driven away?

Nantucket, Mass., is a wealthy enclave in a state whose ‘millionaires tax’ has piqued interest elsewhere.
Nantucket, Mass., is a wealthy enclave in a state whose ‘millionaires tax’ has piqued interest elsewhere. Photo: Scott Eisen/Bloomberg

A growing number of blue cities and states across the country, from Washington state to Rhode Island, are looking at ways to wring more revenue from their richest taxpayers.

Lawmakers are boosting tax rates on robust annual incomes, hiking capital-gains taxes, and putting new levies on luxury vacation homes.

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