How much taxation would you tolerate before you decided to move from your state, country or jurisdiction to another, lower-taxed place?
(Mainly I am thinking of personal income taxes, but if you want to discuss other taxes, by all means.)
I think California is contemplating engaging in that very experiment as we speak.
Haven't they been performing that experiment for years? Lol. I remember reading that Nevada was picking up a lot of Californian immigrants for economic reasons a few years ago. But Nevada isn't looking too hot economically nowadays.
Cali is an interesting case though, because it is such a beautiful place. So how much would a person be willing to pay to live there...
You are right.
Not as much as they used to. I've been hearing words like "exodus" lately.
I think it's irrelevant. The government including state and federal could charge 100% taxes and still not have the ability to pay down the debt owed.
However, if taxes continue to go up, then the State and Federal boys will find that I won't exist, much less worry about moving from my location. I will simply drop off the grid.
How? Don't ask.
I'm not concerned with the debt on this one. Needless to say the debt problem can only be solved through a combination of tax hikes, spending cuts, and time.
But yeah, if you can figure out a way to drop off the grid, more power to you, lol.
Speaking of taxes... techniques the wealthy use to minimize their taxes:
http://finance.yahoo.com/news/wealthy-s … 11661.html
Personally, I think at my current income, I could tolerate maybe a 30% rate. Higher if I had a higher income.
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