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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (625368)	10/8/2011 11:28:33 AM
From: TimF	Read Replies (1) of 1582627

Migration is not very common now, nor is it normally common. Its not the case that a massive portion of a state's population will move because of higher taxes, but it is true that a small portion, and a portion focused on those who are more capable and productive, will move for such reasons. Lower housing costs are also an important reason, but that fact doesn't mean taxes are not a significant consideration. Also lower housing costs often result from less government intervention in the housing market (less restrictive zoning to give just one example), and for lower taxes (lower property taxes). Tax migration is certainly exagerated by some but its no myth even at current rates, and would be larger with further increases. One factor keeping it down is that for most wealthy people their taxes are mostly federal and they can't avoid those taxes by moving to another state. A factor keeping international tax migration down for Americans is that the IRS will still go after you for income tax if you leave the country, and even for a time if you do so and renounce your citizenship.

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