"Every year for the past 40, the states without income taxes had faster output growth…than the states with the highest income taxes," write Arthur Laffer and Stephen Moore in the WSJ. The discrepancies are causing migration from high-tax…
Posted by admin | Posted on 23-04-2012
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Tags: arthur, high, hiking, illinois, losing, output, rates, states, Taxes, write
“Every year for the past 40, the states without income taxes had faster output growth…than the states with the highest income taxes,” write Arthur Laffer and Stephen Moore in the WSJ. The discrepancies are causing migration from high-tax to low-tax states, with Illinois losing a resident every 10 minutes since hiking rates in January.
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