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NPR on the Rich and State Tax Rates
futureofcapitalism.com

This NPR article headlined "Studies: Rich Don't Flee High-Tax States" is pretty terrible. One of the studies tracks "migration between states in New England." Fine, but what about all the people leaving New England for no-income-tax Florida? Or all of the New Yorkers leaving for lower-tax Connecticut? The claim in respect of Florida seems to be it's all about the weather. If that's so, why aren't all those New Englanders retiring to high-tax Southern California, which has Florida's warm temperatures without the hurricanes?

Another study is summarized by NPR as follows:

In 1994, New Jersey increased taxes on income over $500,000 by 2.6 percent. And what happened?

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NPR on the Rich and State Tax Rates
futureofcapitalism.com

This NPR article headlined "Studies: Rich Don't Flee High-Tax States" is pretty terrible. One of the studies tracks "migration between states in New England." Fine, but what about all the people leaving New England for no-income-tax Florida? Or all of the New Yorkers leaving for lower-tax Connecticut? The claim in respect of Florida seems to be it's all about the weather. If that's so, why aren't all those New Englanders retiring to high-tax Southern California, which has Florida's warm temperatures without the hurricanes?

Another study is summarized by NPR as follows:

In 1994, New Jersey increased taxes on income over $500,000 by 2.6 percent. And what happened?

Read More...


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Robert Smith

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