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Perhaps they are finally reaching the point where they’ve had enough …
New Jersey is up in arms over losing a major taxpayer …
Tepper is moving from an 8.7% state tax rate to a 0% percent state tax rate …
If just (the right) 7 million people were to leave the US … just 2.2% of the country’s population …
US Income tax receipts would fall by ~60% …
I guess when their tax burden percentage is twice their income representation, they may be feeling like they are paying just a bit more than “their fair share” …
A recent Zygos poll reported that over 7 million people plan to permanently leave the US in the next 5 years …
Great feedback – thank you BillNew.
I believe that there are seven “no income tax” states which are obviously attracting high income earners out of the high income tax states.
Another recent article that might be of interest to you is this one about people and companies moving from California to another “no state income tax” state – Texas:
[url=http://themostimportantnews.com/archives/the-exodus-of-people-moving-away-from-california-is-becoming-an-avalanche]The Exodus Of People Moving Away From California Is Becoming An Avalanche[/url]
“But now the California Dream has become a nightmare. Californians are being taxed to death, traffic in the major cities is absolutely horrific, violent crime and gang activity are on the rise, millions of illegal immigrants are putting an incredible strain on social support systems, and the ultra-liberal government in Sacramento seems to have gone completely insane. In addition, the state faces constant threats from earthquakes, wildfires, droughts and mudslides, so it is quite understandable why so many people feel motivated to leave and never come back.”
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