http://www.ocregister.com/opinion/tax-409546-new-state.html

Americans between 1995 and 2010 shifted some $2 trillion in wealth by abandoning California, Illinois, New Jersey and other high-tax states [Massachusetts]and unpacking in low-tax states such as Florida, Nevada and Texas [and Virginia].

Tiger Woods and other successful athletes have done so.

"After spending several years mapping and analyzing these data, one correlation keeps popping up: Income moves to where it is most welcome, tax-wise," Brown writes. "Money walks because opportunity talks."

One-way traffic from the Empire State to the Sunshine State is so steady that Harrington Moving and Storage specializes in easing that exodus. "Our professionals work hard to ensure that you don't have to during your move from New York to Florida," boasts the Maplewood, N.J., company's website. "You can rest assured knowing that your New York-to-Florida move will be smooth, relaxing and seamless throughout."

Connecticut still is smarting over the relocation of hedge-fund manager Edward Lampert. With an estimated net worth of $3 billion, according to Forbes, Lampert was considered the fifth-wealthiest man in the Nutmeg State. In August 2011, Connecticut increased taxes by $875 million, retroactively to that January. It cut the maximum property tax credit from $500 to $300 and lifted its top state income tax rate from 6.5 percent to 6.7 percent. Then, on June 1, 2012, Lampert moved his company, ESL Investments, to Florida. Lampert also took with him the $10.6 billion that ESL reportedly controlled at that time.

Supply-side economists Arthur Laffer and Stephen Moore found similar unintended consequences after New Jersey boosted its top tax rate from 6.35 percent to 8.97 percent. As they wrote in the Wall Street Journal, "Examining data from a 2008 Princeton study on the New Jersey tax hike on the wealthy, we found that there were 4,000 missing half-millionaires in New Jersey after that tax took effect." State deficits soon erupted like Jersey barriers beside a ditch.

Politicians should always remember that taxpayers are not oak trees. Shake them too hard, and they and their money soon will be gone with the wind.

Massachusetts is on the brink..high taxes, increasing number of "takers" and decreasing number of "makers"...the population loss is glossed over because immigrants are coming in to Mass. for the freebies...good luck!

See you in the South, soon , unless you work for the Government, of course.

of course people will go where less of their hard earned money is taken away by a wasteful govt!

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In response to 12-Angry-Men's comment:

You this out about California:

"It's too early to look for signs of an exodus".

California perennially ranks dead last in polls of business friendliness

On Texas:

The Lone Star State does not have an income tax and has clinched the No. 1 spot on Chief Executive magazine's list of best states for business for eight consecutive years.

 

The govenor of Texas annouced he will return the 8 billion dollar tax surplus to the people!

 

Due to population changes from the 2010 census , 12 House seats shifted. States with low or no income tax gained more representative seats in the House. Those states with a high income tax lost seats. Just as we expected, Americans are packing up and escaping places with out of control taxation.

It is common sense that states with low taxes will attract more people. States with no income taxes have far more job growth and economic gains than those with income taxes—especially those with high income taxes. According to the American Legislative Exchange Council, the nine states without income taxes have had an average job growth of 18.2 percent over the past decade. On the other hand, the nine states with the highest income tax experienced a mere 8.4 percent rise in jobs.

The latest Census data only confirms what we have always known. Americans are sending a message by voting with their feet. More of us are choosing low taxes, less government and more freedom.

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In response to 12-Angry-Men's comment:

The words "BUT IF" mean IT'S TOO EARLY TO TELL spanky!!

Buy a clue!

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So many herrings it's hard to pick a place to start.

The first proper step would be to identify the type and amount of services government should apply. Then, taxation levels necessary to meet that should be imposed.

 

 

Cheering on a race to the bottom to see who can lick the largest amount of rich person rectum is more or less the opposite of responsible governance.

Are some people with millions lying about greedy enough to move their families because they'll make a handful of dollars? Sure. Why should the greed of those few dictate tax, and in turn domestic, policy for 300,000,000 people?

 

 

Bobin is advocating some hard core class warfare here folks.

In response to WhatDoYouWantNow's comment:

The first step should be to stop punishing the successful at the expense of the middle and lower class!

In response to tvoter's comment:

Spare me the nonsense.

Nobody is "punishing the successful." The "successful" have been having more "success" than ever due to the seeming trend of tax cut after tax cut.

What's going on is that the lower and middle classes are being punished to help the rich. Who's that Rep governor who wants to eliminate the income tax (hits rich more than poor) and replace it with a sales tax (hits poor/middle far more than rich)? Wasn't it Jindal?

 

 

In response to ComingLiberalCrackup's comment:

Interesting. Refresh my memory. What states are the majority of government contracters in?

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In response to 12-Angry-Men's comment:

Whereas you cite the moonbats at "the Institute on Taxation & Economic Policy", a liberal, Washington, D.C.-based group, which even the Globe and NY Times recognize as "liberal leaning"...

They’re [California] going to have an exodus of people,” said John Karaffa, president of ProSport CPA, a Virginia-based firm that represents nearly 300 professional athletes, primarily in basketball and football. “I think they’ll see some [leave California] for sure. They were already a very high tax state and it’s getting to a point where folks have to make a business decision as well as a lifestyle decision.”

Read more: http://www.foxnews.com/sports/2013/01/30/federal-state-tax-hikes-could-send-athletes-migrating-to-tax-friendlier-states/#ixzz2JVcUWolt