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Real estate

US tax reform prompts wealthy home buyers to leave high-tax states

February 13, 2018

The law has given immense tax breaks to the country's wealthiest people. Image credit: Sotheby's International Realty

 

By Danny Parisi

The tax reform bill passed by Congress late last year is poised to have an effect on the country’s luxury real estate industry as buyers consider moving across state lines to deal with tax rate changes.

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