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Weatherhead’s Timothy Fogarty says moving states before a major financial windfall is legal

Media | October 02, 2026 | Story by: Editorial Staff

How Vivek Ramaswamy's Well-Timed Ohio Move Likely Saved Him $12 Million In Taxes

Forbes: Timothy Fogarty, professor of accounting at the Weatherhead School of Management, said moving states before a major financial windfall is common among wealthy, tax-savvy individuals and “completely allowed,” noting there is nothing unlawful about Ramaswamy relocating before realizing his 2020 gains.