IRS data show that taxpayers are migrating from high-tax states like New York, Illinois, and California to low-tax states like Texas and Florida. And it’s not just sports stars or star scientists, doing that, but fairly ordinary people — though, of course, people who earn enough money to pay taxes. If you’re living on welfare benefits and don't plan to change that, you won’t move to a low-tax state to escape taxes; if you move anywhere, it’ll probably be to a state that offers better benefits than the one you live in now.Which is why I plan to move out of Kalifornia when I retire.
This phenomenon has numerous implications, but let’s talk about two: In time, if taxpayers tend to migrate from high-tax states to low-tax states, and if people receiving government benefits tend to stay in place or migrate from lower-benefit states to higher-benefit states, then over time lower-tax states will tend to accumulate more people with high earnings, while higher-benefit states will tend to accumulate more people who live on the dole.
A conservative leaning Libertarian stuck in the land of Nuts, Fruits, and Flakes, or as it's affectionately known, by regular people, Kalifornia
Day by Day Cartoon by Chris Muir
Thursday, October 8, 2015
If you tax it too much, they will go
From Glenn Harlan Reynolds of Instapundit at USA Today:
Labels:
Kalifornia,
liberal policies,
taxes
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