Who said people would move? We say they won't invest if their investment will be over taxed. Corporations on the other hand will move offices and factories overseas.
. On Sat, Apr 23, 2011 at 1:09 AM, Gruss Gott <[email protected]> wrote: > > "The study found that the overall population of millionaires increased > during the tax period. Some millionaires moved out, of course. But > they were more than offset by the creation of new millionaires... > [Furthermore,] they found that the rate of out-migration among > millionaires was in line with and rate of out-migration of > submillionaires. The tax rate, they concluded, had no measurable > impact." > > http://blogs.wsj.com/wealth/2011/04/20/millionaire-tax-didnt-chase-the-rich-from-new-jersey-study-says/ > > Welp, so much for that "taxes discourage business" theory. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336808 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
