Millionaires Don’t Move to Avoid Taxes – Empty Threats

I've commented on this before, but it's worth repeating.  Millionaires, despite all their bluster and threats to move when taxes are raised, simply don't move.  It's empty threats.  If income tax rates are raised on millionaires, they actually stay put.  This means it is indeed possible to improve state government finances by using a very … Continue reading Millionaires Don’t Move to Avoid Taxes – Empty Threats

More on Tax Fairness – We Pretty Much Have Flat Taxes Now

In the last couple of days I've posted a couple times on taxes. In one post, I observed how hedge fund managers have radically lower tax rates than the most of us because of a loophole introduced in the Bush-era tax cuts.  Yesterday, I showed  graphically how average income tax rates are actually lower than … Continue reading More on Tax Fairness – We Pretty Much Have Flat Taxes Now