Tax Increases Don't Drive Out The Rich (Obama, states, support)

[PurpleLove08]

http://www.nytimes.com/2009/03/19/ny...1&ref=nyregion

Yet there is surprisingly little evidence to support the proposition that rich New Yorkers would bolt if forced to pay higher income taxes. Though tracking the movement of wealthy taxpayers from state to state is difficult, experts on public finance and migration say they have yet to document a substantial “rich drain” in states that have raised income taxes in recent years.
“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.

[IWonderWhy1]

We are in process of establishing permanent residency in a State with NO State Income tax.

Want to guess why?

[summers73]

The influx into FL and TX isn't some sort of indicator?

California only retains people because of its perfect climate. Although, I'm told they've been downsizing lately...

[twista6002]

Just another crosseyed stereotype that the fearmongerers will throw around. If I'm not mistaken Bill Gates endorsed Obama.

[GOPATTA2D]

Originally Posted by twista6002

Just another crosseyed stereotype that the fearmongerers will throw around. If I'm not mistaken Bill Gates endorsed Obama.

You do know what the state rate in WA is, right?

[XodoX]

Bla bla bla We might not have an income tax, but the property taxes etc. are much higher. It's jsut a lot of BS. Texas and Florida get their taxes elswhere if not through the income tax.

[HappyTexan]

LOL..a lot of "rich" New Yorkers actually live in CT and take the train to work.

[JerseyG]

Originally Posted by twista6002

Just another crosseyed stereotype that the fearmongerers will throw around. If I'm not mistaken Bill Gates endorsed Obama.

And you live in NJ and say this with a straight face?

[PurpleLove08]

Originally Posted by XodoX

Bla bla bla We might not have an income tax, but the property taxes etc. are much higher. It's jsut a lot of BS. Texas and Florida get their taxes elswhere if not through the income tax.

Pretty much.

[shorebaby]

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?