Taxes Not Seen as Making the Rich Flee New York

[DuaneBidoux]

Source: New York Times

It is perhaps the most potent argument offered by those who oppose increasing the income tax on wealthy New Yorkers: If you raise it, they will flee.

That case has been made repeatedly by Gov. David A. Paterson, who says that higher taxes should be a last resort. It has been featured in a campaign by Taxpayers for an Affordable New York, a coalition of real estate and business interests. And it has been on the mind of Mayor Michael R. Bloomberg, New York City’s richest person, who said in a radio interview, “You can’t tax too much those that can move.”

Read more: http://www.nytimes.com/2009/03/19/nyregion/19leave.html?_r=1

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How about you? Alabama with no taxes or NY with high taxes. Easy choice for me.