Look at CA .
On Tue, Mar 6, 2012 at 2:41 PM, Larry C. Lyons <larrycly...@gmail.com> wrote: > > Not necessarily so: > > An paper by Cristobal Young and Charles Varner found that while some > $500,000-plus earners left the state, their rates of out-migration > were broadly in line with the rates for the rest of the population, > who were not subject to the tax. > http://blogs.wsj.com/wealth/2011/04/20/millionaire-tax-didnt-chase-the-rich-from-new-jersey-study-says/ > > Young and Varner, estimated the migration effect of New Jerseys 2004 > tax increase on filers with incomes exceeding $500,000. They found > that while the net out-migration rate of this income group accelerated > after the tax increase went into effect, so did the net outmigration > rate of filers with incomes between $200,000 and $500,000, and by > virtually the same amount. > > At most, the authors estimated, 70 filers earning more than $500,000 > might have left New Jersey between 2004 and 2007 because of the tax > increase, costing the state an estimated $16.4 million in tax revenue. > The revenue gain from the tax increase over those years was an > estimated $3.77 billion, meaning that out-migration if there was any > at all reduced the estimated revenue gain by a mere 0.4 percent. > http://www.cbpp.org/files/8-4-11sfp.p ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:348079 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
