The new Tax Plan went into effect for 2018 and the full extent of how many high earners (if any) will flee high tax states to lower taxed locales remains to be seen. States like California, New York and New Jersey which have high income tax rates that are aligned with high property values.

A recent report in the San Francisco Chronicle indicated that dozens of millionaires fled California after the 2012 tax increase. The report quotes a study noting that 138 high-income Californians left the state after the that tax increase. This is out of the 312,000 Californians expected to be hit with the new 2012 state specific tax.

Should you move to a low tax state to avoid a big tax hit under the Tax Plan?

The article is written by David Rae for Forbes Online. You can read the full article here.