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Home Front: Politix |
TaxProf Blog: States Taxing Themselves to Death |
2010-12-27 |
![]() Of the seven states that don't have a personal income tax, four (Texas, Florida, Nevada and Washington) account for eight of the 12 seats apportioned to the fastest-growing states. New York and Ohio lost two more seats. Other losers -- down one each -- are Massachusetts, Missouri, Michigan, New Jersey, Pennsylvania, Illinois, Louisiana and Iowa. What do they all have in common? High taxes. ... The states that lost seats ranked an average of 24th in taxes and had an average tax burden of $2,267 per capita. ... The states that gained seats ranked an average of 39th in taxes and had an average tax burden (weighted) of $1,788 -- 27% lower than the losing states. ... The trend is unmistakeable: The "losing" states drove out their high-income citizens (and middle-income jobs) with heavier tax burdens. Nice chart and other info at site. Soon NY and the other states will be filled with only welfare recipients and they will have no one left to tax. |
Posted by:DarthVader |
#3 States Taxing Themselves to Death I guess they just can't imagine the altenative which would be ... gasp ... reducing government expenses. By about 50%! |
Posted by: gorb 2010-12-27 18:51 |
#2 Hey Darth!; Tourists were being shown about Israel. They came upon a new building. That's our new building for taxes. Its similar to your IRS. Wink Wink we call it the new wailing wall. I heard it on the radio the other day. Every where you go taxes, taxes, and more taxes. |
Posted by: Dale 2010-12-27 18:27 |
#1 And in other news, the consumption of free lunches adds to the GDP. |
Posted by: Anguper Hupomosing9418 2010-12-27 18:22 |