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Give it time folks..this stuff is just getting passed by states and talked about at the federal level.
Everyone wants a piece of the rich. Give it a year or two.
Yes of course there is no level of taxation that will cause people to leave a state. We ought to simply tax 100% of income of those making over $70,000. Why not people won't leave the state?
Nah, all income above $100,000 should be confiscated by the government.
I'll have to tell my retired friends that moved to states that don't tax pensions (unlike MD) that they moved under false pretenses and apparently lied to me about their reasons for moving.
Something funny happened here last year when the state income tax returns were filed, the number of high income filers had decreased so the projected tax revenue from the income tax surtax enacted the year before on high incomes didn't meet projections. I'm sure there's no connection.
Gee an article from the NEW YORK TIMES based on information from PRINCETON. That is just about as "objective" and "balanced" as one can get, especially if one is a hard core marxist. I really did not know that the NY Times was still in print!
Gee, let's tax people more and more, and more and more and more and more and more and more to watch the PRODUCTIVE people leave our states and MORE IMPORTANTLY our nation!
Gee, let's tax people more and more, and more and more and more and more and more and more to watch the PRODUCTIVE people leave our states and MORE IMPORTANTLY our nation!
well that settles it PurpleLove. Lets raise their taxes. That should fix everything. Too bad you're not president.
I'd cut the WAR budget (it's a lie to call it a DEFENSE) budget and that should free up a lot of money. That'd be my first line of action.
I'd institute tariffs on Chinese-made goods in order to pay down the debt and give incentives for companies to move manufacturing back to the U.S.
I'd cut out tax breaks for companies that offshore jobs.
Trickle-down economics is BS and so is this "Service economy" bs. Reagan was the worst and I don't understand those that thing he was "the greatest president."
“At the level we’re talking about, there’s no quantitative evidence that it affects the mobility decisions of affluent taxpayers,” said Douglas S. Massey, a demographer at Princeton University and president of the American Academy of Political and Social Science.
Hmmm... someone isn't paying attention to colleagues at their own university. Different departments, but still... maybe Massey should stick his head out of his office now and then.
"The November election is behind us. But there is another election occurring every day -- people choosing to either leave or move to Wisconsin. A Nobel Prize-winning economist calls migration decisions "voting with your feet." And Princeton University reported the results in a September 2008 report. According to the report, Wisconsin is losing that election. Wisconsin had one of the five worst migration patterns in the United States from 2000 to 2006. Higher income individuals left Wisconsin. Individuals on the lowest rung of the economic ladder migrated to Wisconsin. The Princeton report concludes simply, "Wisconsin is more attractive to low income individuals than high wage earners."
WISCONSIN STATE JOURNAL (http://www.madison.com/wsj/mad/opinion/315521 - broken link)
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