Bloomberg, Wealthy Lack Loopholes to Offset Obama’s Taxes:

Economist Arthur Laffer, 69, took a radical approach to rising income taxes four years ago: he moved to Tennessee from California

 Laffer, who was an adviser to former President Ronald Reagan, said he’ll stay in Nashville, Tennessee, which doesn’t tax earned income, offsetting U.S. tax rates that are set to increase over the next three years. …

Laffer said some taxpayers paying top rates may respond to mounting federal and state levies by moving, like he did. Others may try tax-reducing strategies such as deferring compensation, investing in municipal bonds or converting to Roth Individual Retirement Accounts, said Nick Stovall, chief tax strategist at Gradient Investments in Shoreview, Minnesota.