Posted on 12/05/2011 12:44:07 PM PST by appeal2
Millionaire taxes wind up costing everyone more. Jay Hancock of the Baltimore Sun cannot understand why the State of Maryland is rapidly becoming devoid of the dreaded Millionaire. He can't fathom why a little thing like a 25% increase in Millionaire income taxes could possibly encourage wealthy citizens to flee the State for more Millionaire friendly climes. And Hancock is part of the problem. He, like his state's leadership, doesn't understand that self-employed high networth citizens are fleeing high tax jurisdictions all over the country.
California, New York, New Jersey, Massachussets, Connecticut, Rhode Island, Illinois are all seeing these people depart for friendlier low/no income tax states such as Texas, Florida, Tennesse, Washington State and New Hampshire. Whatever your preference for climate, location or quality of life, there's a lower tax state inviting you to flee. It will evenutally get to the point where the only people left in these high tax states will be those who can't get out.
In the past decade, lower taxing states have far outgrown high tax states, both in population and economic performance. The last state to impose an income tax, Connecticut, has seen job growth fall to dead last of the 50 states. There must be a reason!
California, New York, New Jersey, Massachussets, Connecticut, Rhode Island, Illinois are all seeing these people depart for friendlier low/no income tax states such as Texas, Florida, Tennesse, Washington State and New Hampshire. Whatever your preference for climate, location or quality of life, there's a lower tax state inviting you to flee. It will evenutally get to the point where the only people left in these high tax states will be those who can't get out.
In the past decade, lower taxing states have far outgrown high tax states, both in population and economic performance. The last state to impose an income tax, Connecticut, has seen job growth fall to dead last of the 50 states. There must be a reason!
I’ll bet they could put fences around the socialist states to keep folks from leaving.
Attention Maryland Millionaires: As long as you promise not to try to ‘fundamentally transform’ it in to a Maryland-like democratic republic, you are welcome here in Virginia...
No offense to my Maryland friend momtothree here on Free Republic..but
I wouldn’t even try to start a hot dog stand in Maryland. lol
When reading this yesterday, I remarked to she who must be obeyed that the next logical step for libs would be to demand that all states tax the same....and sure enough, after reading a bit more, there it was...a comment stating that the U.S should be the one taxing the millionaires so that all would be treated “equally”.
These folks are sick.
Sooner or later we’re going to have to quarantine them.
Permanently.
But being anchored here by a fulltime job, I do run a business part time. But I will not grow it beyond my ability to run it myself (with a little help from the wife). I do not want to deal with the series of hoops I would have to go through if I hired an employee.
But the Dems here do not get it - Walmart wanted to put a distribution center in Maryland, and the legislature responded with legislation that would require any company over a certain size (which only Walmart would have reached) to provide health insurance or face huge state levys.
So Walmart moved their center 30 minutes away to Delaware. Problem solved. 400 jobs lost.
And they can't understand why no business will headquarter here!
A national solution is insufficient. Those mean ol' millionaires can just escape to a friendlier country. Of course, the one-worlders have a solution for that.
Ha!! Very good!!!
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