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Thread: In Maryland, Higher Taxes Chase Out Rich: Study(edited)

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    Re: In Maryland, Higher Taxes Chase Out Rich: Study(edited)

    Quote Originally Posted by wbcoleman View Post
    Is there any way to edit the thread title?
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    In Maryland, Higher Taxes Chase Out Rich: Study(edited)Yes there is, and it is done.
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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    As far as I can tell there is no evidence that any, let alone a lot, of the people who left the state were millionaires. And of course revenue dropped in every state due to the Great Recession....

    That said, it wouldn't surprise me if MD lost some high income residents as a result of the tax.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by NAKED N00B View Post
    Education is a national issue. It's crucial to our global competitiveness. A well educated populous is clearly necessary for commerce.
    Which still has nothing to do with constitutionality.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by ttwtt78640 View Post
    Let me slow this down for you, a bit. The term GLOBAL means not limitted to Maryland. Why would a GLOBAL event affect ONLY the rich people in MD, causing them to move to other states like FL? The article makes it QUITE CLEAR that the flight, of the rich, occured based on MD income tax rate changes, that have since been rescinded. Reading is for the mental, I mean, fundamental.
    Your emotional reactions are pretty offsetting. You argue more from how you feel than a balanced examination of fact.

    I haven't seen the actual report. I can't comment on the methods use. But it does seem sketchy.

    How did they measure millionaires coming and going? Did they account for wealth lost? Are those people who were making $1m a year but lost their jobs counted as millionaires lost? What if those people moved after they lost their job because they found one in Virginia, New Jersey, or New York? How different is the period of 2007-2010 from 2003-2006? Has there been a resurgence since the tax expired? Did the job losses come steadily or were they significantly heavier in certain quarters (Q3 2008 - Q2 2009, perhaps?). How do they measure millionaires coming in? How is the director of the Maryland Budget and Tax Policy Institute wrong when he says that due to other millionaires moving in, the net losses are "very small"?

    And how have the other studies done come up with such wildly different conclusions? Here is one in Connecticut. New Jersey. Study by the Center on Budget and Policy Priorities. Study by Stanford.

    So, since the burden of proof is on you, you have a lot of work to do to prove that this anti-tax think tank has come up with the correct conclusions. That their methods are solid. And then explain why so many others have come to different conclusions.

    And do it without being an ass.
    Give a Republican a fish and he'll think he learned how to fish. Teach him to fish and he'll call you a socialist.

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by Bigfoot 88 View Post
    Which still has nothing to do with constitutionality.
    Commerce clause, bro.
    Give a Republican a fish and he'll think he learned how to fish. Teach him to fish and he'll call you a socialist.

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by NAKED N00B View Post
    Commerce clause, bro.
    Of course. You have been taught the wrong meaning. It is not hard to understand what it means.

    To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

    What does this mean? Commerce, in this sense, means trade. Regulate means, "to make regular", or uniform. The part specific to the states was created to create a free trade zone throughout the United States, because one of the problems of the time was that states were laying tariffs on imports from other states, and that would not be a good thing for the new country.

    Education has nothing to do with making commerce between the states uniform. Therefore it is, on a federal level, unconstitutional.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by Bigfoot 88 View Post
    Of course. You have been taught the wrong meaning. It is not hard to understand what it means.

    To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

    What does this mean? Commerce, in this sense, means trade. Regulate means, "to make regular", or uniform. The part specific to the states was created to create a free trade zone throughout the United States, because one of the problems of the time was that states were laying tariffs on imports from other states, and that would not be a good thing for the new country.

    Education has nothing to do with making commerce between the states uniform. Therefore it is, on a federal level, unconstitutional.
    Thanks for your expert opinion, but I think I'll go with the Supreme Court's interpretation.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by AdamT View Post
    Thanks for your expert opinion, but I think I'll go with the Supreme Court's interpretation.
    Fine. They have chosen not to honor the truth and intent of the words in the document, instead going off of personal urges of what government should do.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by haymarket View Post
    Why are you resorting to silly personal attacks of the playground type?

    You do realize that the Constitution can be changed and has been changed......... many many times. Don't you?
    Which changes do you believe negate the principle of federalism. Hey, didn't a 7-2 SCOTUS majority reaffirm the idea [relative to Medicaid] in the Obamacare case?
    Zionism is the National Liberation Movement of the Jewish People.

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by Paschendale View Post
    Rich people who used the resources of their home states or country to amass wealth threaten to leave when it's not quite as cushy as it was before and we don't question their patriotism?
    Willingness to unnecessarily suffer a high-tax regime is your measure of patriotism?
    Zionism is the National Liberation Movement of the Jewish People.

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