Read How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters

Travis H. Brown

4.9/5 (14742 ratings)

Description:Between 1995 and 2010, millions of Americans moved between the states, taking with them over $2 trillion in adjusted gross incomes. Two trillion dollars is equivalent to the GDP of California, the ninth largest in the world. It’s a lot of money. Some states, like Florida, saw tremendous gains ($86.4 billion), while others, like New York, experienced massive losses ($58.6 billion). People moved, and they took their working wealth with them. The question is, why? Why did Americans move so much of their income from state to state? Which states benefitted and which states suffered? And why does it matter?Using official statistics from the IRS, How Money Walks explores the hows, whys, and impact of this massive movement of American working wealth. Consider these facts. Between 1995 and 2010:The nine states with no personal income taxes gained $146.2 billion in working wealthThe nine states with the highest personal income tax rates lost $107.4 billionThe 10 states with the lowest per capita state-local tax burdens gained $69.9 billionThe 10 states with the highest per capita state-local tax burdens lost $139 billion Money—and people—moved from high-tax states to low-tax ones. And the tax that seemed to matter the most? The personal income tax. The states with no income taxes gained the greatest wealth, while the states with the highest income taxes lost the most. Why does this matter? Because the robust presence of working wealth is the leading indicator of economic health. The states that gained working wealth are growing and thriving. The states that lost working wealth lost their most precious cargo—their tax base—and the consequences are stagnation, deterioration, an economic death spiral as they continue to raise taxes and lose people, businesses, and working wealth. The numbers don't lie.___________________“When I read How Money Walks, I thought, ‘It’s about time.’ Finally, we have a book that addresses one of our nation’s most critical (yet rarely discussed) fiscal the migration of working wealth as a direct result of personal income tax rates. Brown’s book paints a clear portrait of where money goes and why. How Money Walks should be required reading for anyone who wants to understand why some states struggle to retain people and businesses while others welcome billions of new dollars each year.”Dr. Arthur LafferFounder and chairman, Laffer Associates and Laffer InvestmentsFormer economic advisor to President Ronald ReaganWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters. To get started finding How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 241

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: 2013

ISBN: 0988740117

Description: Between 1995 and 2010, millions of Americans moved between the states, taking with them over $2 trillion in adjusted gross incomes. Two trillion dollars is equivalent to the GDP of California, the ninth largest in the world. It’s a lot of money. Some states, like Florida, saw tremendous gains ($86.4 billion), while others, like New York, experienced massive losses ($58.6 billion). People moved, and they took their working wealth with them. The question is, why? Why did Americans move so much of their income from state to state? Which states benefitted and which states suffered? And why does it matter?Using official statistics from the IRS, How Money Walks explores the hows, whys, and impact of this massive movement of American working wealth. Consider these facts. Between 1995 and 2010:The nine states with no personal income taxes gained $146.2 billion in working wealthThe nine states with the highest personal income tax rates lost $107.4 billionThe 10 states with the lowest per capita state-local tax burdens gained $69.9 billionThe 10 states with the highest per capita state-local tax burdens lost $139 billion Money—and people—moved from high-tax states to low-tax ones. And the tax that seemed to matter the most? The personal income tax. The states with no income taxes gained the greatest wealth, while the states with the highest income taxes lost the most. Why does this matter? Because the robust presence of working wealth is the leading indicator of economic health. The states that gained working wealth are growing and thriving. The states that lost working wealth lost their most precious cargo—their tax base—and the consequences are stagnation, deterioration, an economic death spiral as they continue to raise taxes and lose people, businesses, and working wealth. The numbers don't lie.___________________“When I read How Money Walks, I thought, ‘It’s about time.’ Finally, we have a book that addresses one of our nation’s most critical (yet rarely discussed) fiscal the migration of working wealth as a direct result of personal income tax rates. Brown’s book paints a clear portrait of where money goes and why. How Money Walks should be required reading for anyone who wants to understand why some states struggle to retain people and businesses while others welcome billions of new dollars each year.”Dr. Arthur LafferFounder and chairman, Laffer Associates and Laffer InvestmentsFormer economic advisor to President Ronald ReaganWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters. To get started finding How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters

More Books

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters by Travis H. Brown (2013-01-01)

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters by Travis H. Brown (2013-01-01)

House With One Hundred Doors

House With One Hundred Doors

How to Build a Haunted House: Strange, Unsettling, and Unforgettable Tales (Never Sleep Again)

How to Build a Haunted House: Strange, Unsettling, and Unforgettable Tales (Never Sleep Again)

An Inquiry into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything

An Inquiry into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything

Indy Writes Books: A Book Lover's Anthology

Indy Writes Books: A Book Lover's Anthology

Capitalizing on College: How Higher Education Went from Mission Driven to Margin Obsessed

Capitalizing on College: How Higher Education Went from Mission Driven to Margin Obsessed

Indigenous Pacific Islander Eco-Literatures (The New Oceania Literary Series)

Indigenous Pacific Islander Eco-Literatures (The New Oceania Literary Series)

Parapsicologia: Regresion, Betty y Barney Hill, Paranormal, Sylvia Browne, Experimento Ganzfeld, Abduccion, Ufologia, Joaquin Grau, Metodo Silva, Ovidio Rebaudi, Esper, Travis Walton, Encuentro Cercano, Percepcion Extrasensorial

Parapsicologia: Regresion, Betty y Barney Hill, Paranormal, Sylvia Browne, Experimento Ganzfeld, Abduccion, Ufologia, Joaquin Grau, Metodo Silva, Ovidio Rebaudi, Esper, Travis Walton, Encuentro Cercano, Percepcion Extrasensorial