
“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.”
Related posts:
Uruguay's New Regs: Unreasonable on Purpose?
When Vice Enforcement is a Capital Crime
WSJ Report: Larry Summers "Hellbent" on Becoming Fed Chairman
Los Angeles City College Trustees Ban the Word “Gun” From Course Catalog
Syria War Propagandists Debunked
Paypal Shuts Down in Greece; Bitcoin Still Operates
Top Hedge Fund Manager Warns on Hitler Scenario
Alleged Silk Road Founder's Mother: No Murder-For-Hire Charge
Bill Bonner: His New Book, 'Hormegeddon' and Other Insights
Florida woman charged with felony battery for kissing cop’s nose
How Many Millions Do Washington D.C, Crony Capitalist CEOs Get Paid?
Thailand Bitcoin issues - Not exactly true
Gerald Celente: Bitcoin, Economic Turmoil and Revolution in 2014
Hungary Now Imposes Tax On Non-Resident Citizens
“You’re Sick, Fatso. I’m Billing Your Insurance Company.”