...or not:
Gotta love it. Read the whole thing.Updating some research from Richard Vedder of Ohio University, we found that from 1998 to 2007, more than 1,100 people every day including Sundays and holidays moved from the nine highest income-tax states such as California, New Jersey, New York and Ohio and relocated mostly to the nine tax-haven states with no income tax, including Florida, Nevada, New Hampshire and Texas. We also found that over these same years the no-income tax states created 89% more jobs and had 32% faster personal income growth than their high-tax counterparts.
Did the greater prosperity in low-tax states happen by chance? Is it coincidence that the two highest tax-rate states in the nation, California and New York, have the biggest fiscal holes to repair? No. Dozens of academic studies -- old and new -- have found clear and irrefutable statistical evidence that high state and local taxes repel jobs and businesses.
OOT should start looking a whole lot better to the NY/NJ contingent that claims they have everything--you can't be frum, middle to upper middle class and live without stress and a feeling of economic doom when your state considers you fair game to make up every penny they've squandered. Less than a year until we leave NY and head to one of those non-tax states. Tell me again why NY considers itself the center of the known world?
ReplyDeleteAre you really asking ME that question!? :)
ReplyDeleteNah, this was just in case G is still lurking around somewhere or in case Lion still wants to know how OOT could possibly beat NY.
ReplyDeleteAs far as I'm concerned you are perfectly normal--you're here and you want to leave.
Oh, I'm sure G would agree with you on this one. :) (And he's still around, just busy.)
ReplyDeleteProfK - Less than a year until we leave NY and head to one of those non-tax states. Tell me again why NY considers itself the center of the known world?[space]
ReplyDeleteProfK, are you really joining us here in Florida?
For many things, OOT beats NY, but for a few things, NY beats OOT.
Mark
Sorry Mark but we're heading west, to Nevada no less. Lots of lovely things in Florida, but a dry climate isn't one of them
ReplyDeleteOne thing that cannot be said about Florida, especially South Florida, is that it is dry :-) In fact, right at this very second, it is pouring rain, and it will be very humid the rest of the afternoon, and for the following 6 months.
ReplyDeleteIs there a decent sized kehilla in Nevada? I have a friend (not frum) that currently lives in Phoenix and there is a decent sized kehilla out there, the Rabbi is even from Staten Island.
Mark