The class envy is getting deeper and against the backdrop of Senator Elizabeth Warren’s push for a federal wealth tax on assets, state efforts to adopt excise taxes and surcharges on income levels are becoming more pronounced. For 2019 legislative sessions, no fewer than a half dozen states are now seriously entertaining millionaire taxes. New Jersey Governor Phil Murphy continues to push his idea of instituting a 10.75 percent tax on earnings over $1 million, despite his state already being one of the highest tax states in the country. And despite the fact that both branches of the New Jersey legislature are controlled by the democrats, getting the legislation passed into law may still be an uphill fight. Likewise, Massachusetts is again entertaining a millionaire’s tax that would apply a surcharge on incomes over $1 million per year, although with a moderate republican governor in the corner office, winning that issue will be a tougher sell as well. The biggest threat of implementing a new tax on high income individuals might be in Illinois, where democratic Governor J.B. Pritzker, heir to the Hyatt Hotel chain and worth an estimated $3.3 billion, is backing efforts to replace the existing flat income tax with a graduated income tax with higher rates for higher incomes. State representatives in Washington are taking a different tack as they seek to impose a new excise tax on the sale of stocks and bonds that yield profits greater than $200,000 for married couples. In addition, they also seek to impose a 10.75 percent tax on earnings over $1 million. The state does not currently have an income tax. Finally, New Mexico, a democratic trifecta state, has already raised the top personal tax rate to 5.9 percent for “millionaire” married couples making more than $315,000!