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

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Author :
Release : 2013
Genre : Income tax
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Book Rating : 117/5 ( reviews)

How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters write by Travis H. Brown. This book was released on 2013. How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters available in PDF, EPUB and Kindle. 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 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

The Death of Expertise

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Release : 2024
Genre : Computers
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Book Rating : 839/5 ( reviews)

The Death of Expertise - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Death of Expertise write by Tom Nichols. This book was released on 2024. The Death of Expertise available in PDF, EPUB and Kindle. "In the early 1990s, a small group of "AIDS denialists," including a University of California professor named Peter Duesberg, argued against virtually the entire medical establishment's consensus that the human immunodeficiency virus (HIV) was the cause of Acquired Immune Deficiency Syndrome. Science thrives on such counterintuitive challenges, but there was no evidence for Duesberg's beliefs, which turned out to be baseless. Once researchers found HIV, doctors and public health officials were able to save countless lives through measures aimed at preventing its transmission"--

Pentagon 9/11

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Release : 2007-09-05
Genre : Architecture
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Book Rating : /5 ( reviews)

Pentagon 9/11 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Pentagon 9/11 write by Alfred Goldberg. This book was released on 2007-09-05. Pentagon 9/11 available in PDF, EPUB and Kindle. The most comprehensive account to date of the 9/11 attack on the Pentagon and aftermath, this volume includes unprecedented details on the impact on the Pentagon building and personnel and the scope of the rescue, recovery, and caregiving effort. It features 32 pages of photographs and more than a dozen diagrams and illustrations not previously available.

End the IRS Before It Ends Us

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Release : 2015-04-07
Genre : Political Science
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Book Rating : 815/5 ( reviews)

End the IRS Before It Ends Us - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook End the IRS Before It Ends Us write by Grover Norquist. This book was released on 2015-04-07. End the IRS Before It Ends Us available in PDF, EPUB and Kindle. As the recent scandal shows, the IRS is big, bad, and out of control. Grover Norquist analyzes the problems within the agency and presents solutions to rein them in. The driving force behind the American Revolution was our forefathers' refusal to accept unfair taxation. Citizens rose up, won a war against impossible odds, and established the most unique government on the face of the earth, with taxes set at about 2 percent. How much has changed since 1776? The strength of Americans resolve is still unrivaled, and Grover Norquist, founder and president of Americans for Tax Reform, knows that once liberty-loving Americans learn the truth behind the oppressive and prosperity-stifling taxes we face today, they'll rise up again. Urging his fellow citizens to join him, Norquist tells a powerful and urgent story that will convince you we must act now to End This Before It Ends Us.

Moving for Prosperity

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Release : 2018-06-14
Genre : Business & Economics
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Book Rating : 829/5 ( reviews)

Moving for Prosperity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Moving for Prosperity write by World Bank. This book was released on 2018-06-14. Moving for Prosperity available in PDF, EPUB and Kindle. Migration presents a stark policy dilemma. Research repeatedly confirms that migrants, their families back home, and the countries that welcome them experience large economic and social gains. Easing immigration restrictions is one of the most effective tools for ending poverty and sharing prosperity across the globe. Yet, we see widespread opposition in destination countries, where migrants are depicted as the primary cause of many of their economic problems, from high unemployment to declining social services. Moving for Prosperity: Global Migration and Labor Markets addresses this dilemma. In addition to providing comprehensive data and empirical analysis of migration patterns and their impact, the report argues for a series of policies that work with, rather than against, labor market forces. Policy makers should aim to ease short-run dislocations and adjustment costs so that the substantial long-term benefits are shared more evenly. Only then can we avoid draconian migration restrictions that will hurt everybody. Moving for Prosperity aims to inform and stimulate policy debate, facilitate further research, and identify prominent knowledge gaps. It demonstrates why existing income gaps, demographic differences, and rapidly declining transportation costs mean that global mobility will continue to be a key feature of our lives for generations to come. Its audience includes anyone interested in one of the most controversial policy debates of our time.