well this isn't peer-reviewed, but it looks authoritative On Wed, Mar 7, 2012 at 12:46 PM, Larry C. Lyons <[email protected]>wrote:
> > numbers please or are you just making it up again. For best effect > follow the Young and Varner methodology. The data are publicly > available. > > On Tue, Mar 6, 2012 at 2:49 PM, Sam <[email protected]> wrote: > > > > Look at CA > > > > . > > > > On Tue, Mar 6, 2012 at 2:41 PM, Larry C. Lyons <[email protected]> > 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:348188 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
