Rich don't flee high tax states

[opihiman2]

Interesting commentary from NPR:

 

http://www.npr.org/blogs/money/2011/04/29/135813061/studies-rich-dont-flee-high-tax-states

 

 

[Packer16]

This has to be one of the poorest researched peices I have heard lately.  The study of movement around NE states is meaningless as most states have high taxes except NH.  These guys should have reserached the folks who have left NY including Galisano who have prevented the politicians from raising the taxes in NY to provide a "fair and balanced" piece.

 

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[opihiman2]

Here's a better one:

 

http://reason.com/archives/2011/04/29/the-truth-about-taxes-and-the

[Packer16]

This provides more details but the study is in one state (NJ).  I would think that a larger study and sample size could be examined to reach a conclusion.

 

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[ERICOPOLY]

I suppose compared to the size of the entire country, Jackson Hole is relatively small, but I remember reading a lot of the Jackson hole properties are owned by wealthy retired Californians who spend 6 months +1 day outside of California and claim Wyoming as their residence.  So, no California income tax to pay in that case.

 

Clearly, they like Jackson Hole but the motivation for such a long stay is taxes, as they don't want to leave their California roots either.

[Packer16]

I know of a number of folks in NY that do the same thing with Florida. I wonder how these studies capture these folks?

 

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