Soak the Rich, Lose the Rich

another thread about tax taxes being the only variable that matters in economics. As you can see in the link below. The least taxed states arn't exactly economic meccas. Of course alaska subsidize's with oil, so thier not really a fair comparison.

Well it's how the state taxes the business that matters, right?. Look at the next link by the logic here wyoming should be the biggest finacial, industrail, state in the union, but its not. Now look at the 3rd link states gdp. Do you see a correlation between the two.

Now just for fun click on the 4th link population by states. Now go back to the 3rd link. which has more corelation with gdp.

Nobody likes to pay taxes and i'm not advacating high taxes, but you should try to find other sources of information than the wall street shills on cnbc and the WSJ

http://taxprof.typepad.com/taxprof_blog/2008/08/ten-highest-and.html

http://www.ppinys.org/reports/jtf/businesstax.htm

http://en.wikipedia.org/wiki/List_of_U.S._states_by_GDP_(nominal)

http://en.wikipedia.org/wiki/List_of_U.S._states_by_population
 
Quote from Ivanovich:

Been living in Baltimore the last 5 months in temporary housing. Found and purchased a house there. Everything I said is completely accurate. Please feel free to dispute any of my points.
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why not move to nevada, alaska, or south dakota if your real motivation is low taxes
 
Quote from Topsurfi:

Hi folks,

if you think you have high taxes, please come over to Germany !
I pay around 50% total tax on my income, believe it or not.
James Mirrlees got a nobel price for finding out that it is the best to not tax the most productive people at all. This is hardly possible so he said that the maximum income tax rate should be around 20%. So if you increase tax rates, the total amount of income tax decreases and does not increase. The reasons have already been outlined here (people move away or work less etc.).
This is a proven theory so why don't our beloved politicians simply follow this ?
The reason is so simple:
They want to be voted !
And 90% of the voters are people with little money who think its only fair that the highest incomes have to PAY A LOT of taxes.
Welcome in our democracy !
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If you live in NYC, you're already paying a 50% tax rate between state, local and federal. All those taxes are scheduled to go up, so they will be paying a rate closer to 60% soon. So, you work most of the year to pay the Mafia running this country for their own benefit not to toss you in jail for not paying them tribute.

Once Obama takes the caps off FICA, they'll be paying about 75% of their income in taxes.

What percentage of their production did serfs get to keep again????
 
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