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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (481800)	5/18/2009 3:57:27 PM
From: tejek	Respond to of 1574679

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. Like so much winger nonsense, this too is BS. There are many variables as to why some states are growing and others are not. FLA, TX and NV have a warm climate. In addition, TX has a number of incentives to encourage business to locate there.......incentives that are paid by its citizens one way or another. As a neighbor of and suburban outlet for Boston, NH does benefit to some degree because it doesn't have an income tax but more importantly, it has a prime location to Boston. There are many states with no income tax.....IO, KS, ND, SD etc......that are barely growing. Meanwhile, CA, NJ, NY and OH are all established states with a lots of industry. They are more likely to lose industry than to gain it. A bigger factor than an income tax is how these states are managed fiscally. I know with NY and CA, the fiscal governance has not been good.