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

  1. #61
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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Rich old people have always been moving to God's Waiting Room (Florida). Showing rich old people moving to Florida does not establish any causation of why.

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by Bigfoot 88 View Post
    I would gladly join them as a middle-classer.
    Dude, he's calling you a parasite.
    "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 TurtleDude View Post
    the rich should band together and crush the parasites
    To you, everyone who isn't rich is a parasite.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: Targets of Liberal Tax Mania Vote with Their Feet

    Quote Originally Posted by rocket88 View Post
    To you, everyone who isn't rich is a parasite.

    Nope, only those that whine about not getting their fair share to those that whine about others not paying their fair share. Who decides fair, the bellyachers and whiners of course. For it's not the equality of opportunity they desire, but the equality of outcome at the expense of others. Because after all it's only fair!!!

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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? It should be the same as the article title, but is meant to demonstrate the point that, on the state level, at least, tax rate increases can provoke migration.



    In Maryland, Higher Taxes Chase Out Rich: Study
    Published: Monday, 9 Jul 2012 | 5:13 PM ET
    By: Robert Frank

    CNBC News Headlines

    A new report says wealthy Maryland residents may be moving out due to recent tax hikes – a finding that is sure to escalate the battle over taxing the American rich.

    The study, by the anti-tax group Change Maryland, says that a net 31,000 residents left the state between 2007 and 2010, the tenure of a "millionaire's tax" pushed through by Gov. Martin O'Malley. The tax, which expired in 2010, in imposed a rate of 6.25 percent on incomes of more than $1 million a year.

    The Change Maryland study found that the tax cost Maryland $1.7 billion in lost tax revenues. A county-by-county analysis by Change Maryland also found that the state’s wealthiest counties also had some of the largest population outflows.

    In total, Maryland has added 24 new taxes or fees in recent years, Change Maryland says. Florida, which has no income-tax, has been a large recipient of Maryland's exiled wealthy.

    Is Maryland still a state?

    No but seriously. CNBC should know that the riches corps in the world are incorporated in Maryland and few rich people moving out isn't going to make dent in that state's tax revenue.

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