Surprise! Raise state income taxes, more rich folks leave

Richard Rider, Chairman, San Diego Tax FightersRichard Rider, Chairman, San Diego Tax Fighters Leave a Comment

RICHARD RIDER COMMENT: Studies continue to find a correlation between the level of state taxation and domestic migration of the wealthy between states. More state tax — more net outmigration. Gee, what a surprise! Who’d ‘a thunk it? Certainly not spendthrift politicians. I’ve written on this several times. Those of you who get my “Breaking Bad — CA vs. Other …