NJ Taxes Cause Rich People to Move, Economist Says

High Taxes Don’t Drive Out the Rich, Study Says

http://blogs.wsj.com/wealth/2011/08/08/high-taxes-dont-drive-out-the-rich-study-says/

maybe because the "new rich" are the ones who benefit proportionally from higher taxes?

like union public employees?

ie this NJ toll booth worker who made $321,985 despite having a "listed salary" of only $73k"

http://www.myfoxny.com/dpp/traffic/traffic_news/audit-excessive-perks-for-nj-turnpike-employees-20101019-apx

lol at wsj article...

"Big caveat: the center that conducted the study is a left-leaning group."

seems to me you formed your opinion a long time ago and are just interested in data that backs it up.

so people move to florida for the weather.. not the taxes.. doubt it

http://www.peri.umass.edu/fileadmin/pdf/published_study/Migration_PERI_April13.pdf

People move to Florida because housing prices are much much cheaper.

and no state tax

Most people who move to Florida re retirees. They don't care much about state income taxes.

You work in DC. Your choice is a top neighborhood in Virginia or Maryland. Do taxes matter? You get they do.

Virginia and Mryland don't differ that that much on income tax rates.

"like union public employees?

ie this NJ toll booth worker who made $321,985 despite having a "listed salary" of only $73k"

http://www.myfoxny.com/dpp/traffic/traffic_news/audit-excessive-perks-for-nj-turnpike-employees-20101019-apx"

Hey, it turns out the top 1% of union employees isn't in the top 1% overall, so I guess on average they're underpaid. I mean, jeez, some guy got THREE HUNDRED THOUSAND DOLLARS in "unjustified bonuses". Outrageous. That would never happen in the private sector! Then if you get an unjustified bonus, it would be at least three million (and that's for not working at all):

http://www.msnbc.msn.com/id/16469224/ns/business-us_business/t/out-home-depot/#.TsG6JIBCvng

you are correct, as a toll worker he can't support his family on $300,000++

at MINIMUM, he should get 25% of Nardelli's payout package.

I totally agree.

hol4 : What's your point? Some people in the public sector are overpaid? Guess what. A lot of people in the private sector are overpaid, too. And the vast majority of people getting "excessive bonuses" fall into the latter category and not the former.

I can shop at Lowe's or Ace if I find Home Depot's policy (and stock) to be overvalued..

Last I checked taxes were law (arguable), meaning I don't have the same option within NYC.. I'm not a fan of FL or the Carolinas thanks, but yes $300,000 is paltry..

I say the new minimum for toll booth workers should be 25% of the highest paid CEO. Gross, of course.

You can look state by state by year here (all taxes, not just property)

http://www.taxfoundation.org/news/show/335.html

Here it does it across states for 2009. The headline says

"New Jersey's Citizens Pay the Most, Alaska's Least". This is ALL taxes on average against average income.

http://www.taxfoundation.org/research/show/22320.html

This is just tax rates on the millionaires who live in New York anyway.