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Perhaps 10 hedge fund kings in Greenwich pay a rather disproportionate % of taxes in CT revs.....and employ a few 100 >>$1MM/yr workers who also pay decent taxes that disproportionately fund CT
Even Manhattan has a similar phenom w/200-500 major (largely hedge fund) owners paying high % of state's tax revs
CA's SiliconValley has similar nonlinear issues w/a few 100 tech kings despite CA being far bigger state
Fairly moronic to look at Census districts, esp when many of these largest taxpayers are often empty-nesters who have 4-5 houses around US and can easily run their business from anywhere for tax reasons....and as precedents show, in case of various recent CT/NYC/CA billionaires, can easily move to FL/TX for tax purposes and continue to run businesses allegedly based in some high-tax region
Much like how cos. like AAPL, etc have 70%+ of their cash parked outside US for tax purposes and assemble their products in China of components sourced from all over globe, to be sold all over globe...but perhaps 99% of their highest-paid workers reside in CA....tax laws create interesting dynamics which anyone smart seeks to legally arbitrage
What does this have to do when metropolitan areas?
I think it would be logical to include Fairfield County into the New York MSA, because it has strong influence from NYC, and the area doesn't even have an airport of it's own, and by just looking at the western boundary of the county touching New York State, there is developed land right along the boundary. Of course many could ask why it isn't included but it would certainly be logical to include. Of course you often hear the term "Tri-State Area" in the NYC area and as a general rule Connecticut is included in that very term.
Last edited by TPetty; 04-28-2017 at 11:07 PM..
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