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Bloomberg News interviewed Family Wealth Services Leader Carolyn Mazzenga about whether the loss of the state and local tax deduction in New York will drive wealthy taxpayers to move.

Featured: Carolyn Mazzenga, Family Wealth Services Leader

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Salary earners would bear the biggest hike. Investors fare better. A person who makes $1 million by investing would save about $7,000, according to Marcum. "Computations clearly show that high-net-worth individuals in a high-tax jurisdiction would get a benefit and save a decent amount of money if they moved,"� said Carolyn Mazzenga, head of Marcum's family-wealth-services business.

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Carolyn Mazzenga, Office Managing Partner, Tax & Business

Office Managing Partner
Tax & Business
Melville, NY
 




 
 
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