Posted on 09/14/2007 7:46:35 AM PDT by SirLinksalot
“I don’t believe that. Individuals in high tax states can deduct that portion paid to the state against that due the Fed.’
I think that is correct.
However, deductions taken for 401k investment serve to reduce taxable income, upon which is based the state income tax. Then when retirees relocate from an income-taxing state and begin to get back their invested funds, the income-tax-deprived previous state gets no handle on the retirement income. This irritates California greatly.
Rural states are on their backs primarily because their resource based economies have been regulated to death. Mining is gone. Ag and ranching are under attack. Forestry is an empty shell. The left has exported those industries.
Are you talking about corporate taxes when you say "contribute far more in net Federal revenues?"
“Ag and ranching are under attack.’
How many billions of agriwelfare constitute an attack?
Aren’t more red states right-to-work states? I’ve seen announcements about manufacturers moving operations from union areas to non. Wasn’t there just a auto factory that shifted 4,000 jobs from MI to GA?
Very interesting statistics, but I suspect they are a bit misleading. The states with the highest “red-state” job growth seem to be skewed towards major producers in what has been the most robust sectors of the economy in the last five years (energy). Only Florida and Nevada don’t fit that description in the list.
Blue states suffer from high costs of living, because of government regulation and spending. These higher costs result in higher wages. But a dollar still goes farther in a red state than in a blue one. Blue states make more money, but can buy less for it.
In the presence of a progessive federal tax structure, high wages are deadly.
It is no coincidence that NJ and California sport the highest debt loads, per capita, of any other states. NJ leads the pack at over $6k per head, with Cali trailing a far secong at over $3k per head.
In short, blue states suck because of the governments the people elect.
Considering the cost of regulation, IMO less than the cost of the payments.
Oh, and it has nothing to do with real estate costs associated with a desirable climate? Get real.
But a dollar still goes farther in a red state than in a blue one. Blue states make more money, but can buy less for it.
In some ways, yes. In others no. A pleasant climate costs money to enjoy.
In the presence of a progressive federal tax structure, high wages are deadly.
True indeed.
It is no coincidence that NJ and California sport the highest debt loads, per capita, of any other states. NJ leads the pack at over $6k per head, with Cali trailing a far secong at over $3k per head.
Frankly, I doubt that. New Jersey has a history a corporate Valhalla because of its industrial heritage. Hence there are a fair number of people paying heavy taxes on those executive salaries and buying houses to match to get as fat a deduction on interest as they can afford. California has similar forces.
In short, blue states suck because of the governments the people elect.
You won't get any argument out of me about that, but the implication that private wages follow government spending is absurd on its face.
Yep. And they bring their silly left wing ways with them and start ruining the schools with BS curriculum. They then start demanding sanctuary for illegals and recognition of same sex marriages/civil unions.
They are thinning the conservative vote. We need to get more of us to the polls and election time. Start breeding conservatives! lol
Illinois’ king is buying jobs with tax credits and still can’t stop the bleeding. This is mostly work comp related. Businessmen aren’t all stupid.
To be fair, the blue states are pretty established especially in the urban areas. Many Red states are still growing which brings in new jobs and population.
So you don’t think government spending causes upward wage pressure? Seriously?
Nissan N.A. just moved their headquarters to Nashville and we have one of their major factories in Smryna along with a Saturn plant in Columbia.
To a degree, but not like Silicon Valley, peninsula VC firms, or the San Francisco financial district do.
Seriously.
Oh, and it has nothing to do with real estate costs associated with a desirable climate? Get real.
What desirable climates? About the only blue state that I can think of that has a desirable climate (read: warm) is California, and that's still only part of the state. How is New Jersey a desirable climate?
On the other hand, states like Florida or Texas or South Carolina have pretty desirable climates and lower housing costs than New Jersey, do they not?
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