Michael Gray is back for another chat. If you make $50,000 or $1,000,000, your taxes are going up. Michael gives a detailed explanation of which taxes have increased as well other significant changes that will have a major impact if you’re a high earning taxpayer. You need to understand the impact of increased taxes as well as the changes in deductions will have on your tax liabilities. On thing that Wayne Allyn Root suggested was moving to a low tax state, or one with no income tax. This could result in a substantial tax cut over the long haul.