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

[ PDF / Epub ] ☉ How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters  Author Travis H. Brown –
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  • How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters
  • Travis H. Brown
  • English
  • 20 May 2017

About the Author: Travis H. Brown

Is a well-known author, some of his books are a fascination for readers like in the How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters book, this is one of the most wanted Travis H. Brown author readers around the world.

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters 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 Benefited 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 Wealth The Nine States With The Highest Personal Income Tax Rates Lost 107.4 Billion The 10 States With The Lowest Per Capita State Local Tax Burdens Gained 69.9 Billion The 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 Dire 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 Issues 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 Laffer Founder And Chairman, Laffer Associates And Laffer Investments Former Economic Advisor To President Ronald Reagan

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

  1. says:

    Standard IRS data leads to an incredible assumption Americans are fleeing high tax states, taking with them every penny they earn, and are moving into low or no tax states 2 trillion from 1995 2010 moved between states Travis shows us th...

  2. says:

    This book was a supreme disappointment.The author s premise is that states with high income tax rates are losing high income earners to states with low income tax rates For example, between 1995 and 2010, the state of California with a top personal income tax rate of 13.3% lost a total of 31.8 billion in aggregate income, much of it to its zero income tax neighbor, Nevada The individuals moving their income out of state are job creators, producers, and wealthy individuals, thus draining these states of valuable human capital.The problem is, there is no rigorous statistical analysis in Mr Brown s book Zero Nada Zilch He simply scrubbed 15 years worth of IRS data and for this he does deserve kudos and stated that there is a correlation between the migration of income, and the tax rates of the traded states He doesn t go so far as to s...

  3. says:

    The title says it all People vote with their wallets and sometimes this means voting with their feet Our Founding Fathers chose federalism because they knew the individual states would be cauldrons of experi...

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