I’m very disappointed in my beloved California; we’re only #4 on this list. Surely we can do better and drive more people and jobs away!
Last August, I shared a fascinating map from the Tax Foundation.
It showed which states have chased away taxable income and which ones have attracted more taxpayers (along with their taxable income).
In other words, what are the “Golden Geese” doing with their money?
Well, the obvious and unsurprising answer is that they are escaping high-tax states and moving to states that aren’t quite so greedy.
Now we have another map from the Tax Foundation. They’ve just released the latest data on state and local tax burdens as a share of state income. Because of lags in data, we’re looking at 2011 numbers, but that’s not important. The main thing is to notice that the states with the highest tax burdens are very much correlated with the states that suffered the great loss of taxable income.
You can tell a few additional things just by looking at the…
View original post 434 more words