Dec 29, 2010

No income tax States lure New Yorkers

A New York Post report is titled, Taxes trigger a texodus in New York:

The Lone Star State is scooping up more than just our congressional seats -- some $846 million in personal income shifted from New York to Texas in an eight-year period during the last decade, according to an analysis of IRS tax returns.

Texas, which has no state or local income taxes and an enviably low cost of living, has been steadily poaching New Yorkers since the '90s, according to data from the Tax Foundation, a nonpartisan tax research organization based in Washington.
From 2000 to 2008, more than $846 million in personal income moved from New York to Texas -- with more than $212 million leaving in 2006 and '07.

New Jersey and California are also states that have been rapidly raising taxes on their productive citizens in order to spread the wealth to those who choose not to work.

Right-to-work states with no income taxes are becoming more attractive all the time for both businesses and wage earners.