Americans flee blue states for lower taxes

Rastegar Capital CEO Ari Rastegar joins 'Fox News Live' to discuss Americans leaving blue states for lower taxes and the impact of rising rates on the housing market and supply-side issues, including helium and fertilizer.

NEW You can now listen to Fox News articles!

There’s a new playbook in blue state taxation , and it’s not being explained clearly to the people paying the bill.

It’s called the surtax.

And if you think it’s just another tax bracket , you’re already missing the point.

BILL MAHER CALLS OUT BERNIE SANDERS, SAYS HE'S TIRED OF HEARING THE RICH DON'T PAY THEIR FAIR SHARE OF TAXES

What is a surtax?

A surtax is a tax layered on top of an existing income tax, not a replacement for it.

In plain English, here’s how it works: You pay your normal state income tax, and then once your income crosses a certain threshold, the state adds an extra percentage on top of that same income.

Surtaxes aren’t just about taxing the rich.…