JBeukema
Rookie
- Banned
- #1
Myth 1: Wealthy people pack up and move when their taxes increase.
Fact 1: High taxes generally do not cause the wealthy to move.
Myth 2: Blue states are big government states and red states are small government states.
Fact 2: Blue states are net payers, meaning residents pay more in income tax than they get back from the federal government, while red states are net recipients. Only one red state pays more into the system than it gets.
Myth 3: The federal income tax may be progressive but the rest of the tax system is not, particularly the payroll tax.
Fact 3: The entire tax system is progressive.
The Truth About Taxes and the Rich - Reason Magazine
Fact 1: High taxes generally do not cause the wealthy to move.
Myth 2: Blue states are big government states and red states are small government states.
Fact 2: Blue states are net payers, meaning residents pay more in income tax than they get back from the federal government, while red states are net recipients. Only one red state pays more into the system than it gets.
Myth 3: The federal income tax may be progressive but the rest of the tax system is not, particularly the payroll tax.
Fact 3: The entire tax system is progressive.
The Truth About Taxes and the Rich - Reason Magazine