SWOT Analysis: Palladium at $2,500 an Ounce
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According to Bank of America Global Research analysis of income migration data, in 2018, low- and lower-tax states gained $32 billion more in adjusted gross income than higher tax states. This is evidence that President Trump’s SALT cap has fueled a wealth exodus from high-tax states. Bloomberg reports that states like Florida and Texas, with no income tax, are seeing more people move there while New York, California, Connecticut and New Jersey, which had the highest average SALT deductions, lost nearly 455,000 people in the last 12 month measurement period, according to U.S. Census data.