11-10-2010, 09:53 AM
97 Fan:
It is not I that overestimates the result of taxes on the wealthy...I refer you to the empirical evidence in the Boston College study that showed after an increase in the higher brackets, $40,000,000,000 left NJ in 4 years to go to no tax states. Â Monte Carlo and other tax havens are built on this premise.
Rather than opinion, I would always rather have data. Â That is also why the NJ/OR natural experiment is so important...surely you wouldn\'t argue that one location was influenced by the recession and the other was not?
Yes the recession hurt revenues but the onset of the recession and the tax increases were at different times. Â And as long as the effects of the recession can be controlled for (a relatively easy statistical correction), the influence of the tax on the wealthy can be seen.
Again, data is more important to me.
It is not I that overestimates the result of taxes on the wealthy...I refer you to the empirical evidence in the Boston College study that showed after an increase in the higher brackets, $40,000,000,000 left NJ in 4 years to go to no tax states. Â Monte Carlo and other tax havens are built on this premise.
Rather than opinion, I would always rather have data. Â That is also why the NJ/OR natural experiment is so important...surely you wouldn\'t argue that one location was influenced by the recession and the other was not?
Yes the recession hurt revenues but the onset of the recession and the tax increases were at different times. Â And as long as the effects of the recession can be controlled for (a relatively easy statistical correction), the influence of the tax on the wealthy can be seen.
Again, data is more important to me.