Gotta find 'em a new state to infest...
Posted on 06/23/2015 9:10:04 AM PDT by mn-bush-man
Everyone complains about taxes. But millions of American households apparently are doing something about it: Picking up and moving.
A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest net migration out of those states.
Take Connecticut, for example.
Earlier this week, the Nutmeg State's legislature approved a collection of new taxes to close a two-year, $40 billion budget to help pay the multibillion-dollar tab to repair and replace the state's dilapidated roads and bridges. The package includes a 50-cent-per-pack hike in cigarette taxes and a bump in tax rates on corporations and the state's wealthiest earners.
The budget battle drew heated debate, along with threats from large employers like General Electric, which issued a rare statement that it might consider moving its Fairfield headquarters.
Republican opponents warned that the tax hikes would likely drive residents to flee to lower-tax states. One legislator suggested that a local moving-and-storage company up for sale should do a booming business moving households from the state.
"I think the best buy in Connecticut right now is a business for sale in Westport," Michael A. McLachlan, R-Danbury, told the AP earlier this month as the debate wore on. "For $650,000, a sharp investor can get up and increase this business into a mega moving company, because that's what people are going to be doing, starting today."
snip...
(Excerpt) Read more at cnbc.com ...
So Connecticut’s residents, who voted for the legislature that passes these high taxes, will move to lower tax states, and elect legislators who will raise taxes.
Is this a great country or what?
I moved from my home of 45 years, Seattle, to Kentucky in 2011.
I refused to buy real estate in Seattle. I now have 32 acres and a four year old home. It includes two streams, three natural wells, two knobs and two hollers. My ANNUAL real estate taxes are 60% of my friends MONTHLY real estate taxes for a single acre in Maple Valley Washington.
Don’t you know....it’s other people’s money the taxes come from....not actual taxpayers.
Red states need this sign
“We don’t care how you did it back home”
Gone Galt?
I’m a New Mexican, and hate these stories.
While I welcome conservatives like yourself, New Mexico has been ruined by Californians leaving the high tax state for New Mexico and then proceeding to elect Democrats who start imposing all sorts of stupid things and also ruin this state.
Same happened to New Hampshire (Massholes) and Colorado.
Liberals are like locusts. They eat and ruin their territory and move on.
That’s pretty much how it works. I don’t get it, but that’s what happens.
Pols always say the taxes are for roads and bridges, but they spend the money on other things. Somehow the roads and bridges continue to deteriorate so that pols can keep telling voters they need to pay more to fix them. What a clever racket.
The roads around here are pitiful, and yet the city and county are always proposing new parks and attractions that supposedly draw young professionals to the area. So-called economic development is a scam that enables pols and their buddies to use taxpayer money for their own projects. It’s really just Soviet 5-year planning with a new name.
Welcome, we need more like you to offset the Californian leftist parasites who destroyed their own state and now flood into Texas.
1. All those financial services people working in New York City living in southwestern part of the state.
2. The huge tax revenue from the presence of ESPN in Bristol, CT, a small town west of Hartford, CT.
3. The presence of Yale University in New Haven, CT.
Otherwise, people are leaving the state in a big way.
You’re exactly right. Colorado has been destroyed by the Cali liberals who sold their $1.5 million 1800 sq ft ramblers and moved to the Rocky Mountain foothills. Locusts is an absolutely perfect way to describe these pestilent creatures.
Some of us Freepers are from Connecticut but we’re way outnumbered. Too bad it was a good state when I moved here but the libs took over. Gonna have to tell my son to move somewhere else.
Oh, that sounds EXACTLY like what we are going to be looking for in north Texas. Good for you!
Interesting also that whenever you discuss taxes with a sheeperal, they act like that’s all that our tax money gets spent on as well - roads, cops, fire fighters...
never on transfer programs, which are over half of the feral budget.
RINOs go along with them & true conservatives have no fire-in-the-belly to take them down ergo we have lost the war & this once great nation is being brought to second rate status.
it’s happening in Colorado really bad. it’s apparently quite trendy to move here (like Seattle was trendy in the early 90’s), so lots of millennials are trying to start their lives here, plus we have the liberal exodus from CA, NY, and IL to deal with.
locusts are an apt analogy.
federal tax: 40%
social security, medicare: 7.5%
self-employment tax: 7.5%
—
total fed tax: 55%
how do i avoid that again? move to another country?
sorry... the US is the only country in the world that believes anyone claiming US citizenship must pay federal taxes no matter what country they reside in. and the taxes are on their WORLD WIDE income, not just the monies made within the US.
when you spend more then half your life working for someone else... your life is not your own.
Gotta find 'em a new state to infest...
Yup, I moved from the People’s Republic of MA to NH in 1986 to get away from these crazy Socialists. They followed me and are ruining this once great Conservative oasis in the middle of crazy New England.
No income tax yet, but is is only a matter of time....
Sorry CNBC, looking at your scatter plot, states with the same high tax burden i.e. California (slight inbound) and New Jersey (mass exodus) have widely different migration patterns.
Similar low tax burden: Ohio (mass exodus) and North Carolina (mass inbound).
A weak correlation. Weather and work demographics are more powerful.
Do a scatter plot of average days of sunshine vs. migration. Much stronger correlation I bet.
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