Why Tax Migration and Federalism Mean Doom for Left-Wing States

“There have been studies looking at how specific states are driving high-income taxpayers to emigrate. And that means big Laffer-Curve effects.  Which is good news because even politicians are probably capable of learning – sooner or later – that high tax rates won’t raise much revenue if the geese that lay the golden eggs decide to fly away. And since a picture tells a thousand words, here’s the map of taxable income migration put together by the Tax Foundation using IRS data.   Federalism is a very valuable way of protecting people from statism. We see it when people move from New York. We see it when they escape from California.”

http://danieljmitchell.wordpress.com/2013/08/24/why-tax-migration-and-federalism-mean-doom-for-left-wing-states-such-as-new-york-california-and-illinois/

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