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The Assisted Suicide Of Lofty State And Local Taxes
The Assisted Suicide Of Lofty State And Local Taxes
Authored by Rob Arnott via RealClearPolitics,
We get the government we choose to elect, hence the government we deserve. Voting for ever-higher punitive taxes on the rich is arguably a form of civic suicide. Consider that a wealthy New Yorker can get a raise of almost 40% just by moving.
That’s right. If moving eliminates a 14.8% top state and local tax rate, our top-tier taxpayer gets a 36% raise, not a 14.8% raise, by leaving. It’s doubtful if any of our city...
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