Home » The missing millionaires: Laffer may have been right—and Maryland isn’t laughing

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The missing millionaires: Laffer may have been right—and Maryland isn’t laughing — 7 Comments

  1. Shttp://www.heritage.org/research/taxes/wm327.cfmmart money isn’t called “smart money” for nothing. And Maryland shouldn’t wonder what happened if it studied ever a modicum of history.

    A brief and well worth walk down memory lane tells us:

    http://www.heritage.org/research/taxes/wm327.cfm

    But don’t believe me or even history; just watch what happens to state and federal government as they raise taxes and it’s not going to be pretty.

  2. Rush Limbaugh recently made a big deal about closing the last part of his operation in New York because of tax hikes.

  3. How hard is it to change your legal residence from one to the other?

    Generally, you just have to reside out of the state for a majority period of time during the tax year. I would expect the way to test this is to see about attendance at millionaire events like cultural season openings, charity events, etc.

  4. Rush Limbaugh recently made a big deal about closing the last part of his operation in New York because of tax hikes.

    That, and he pretty much got audited every year…

  5. Actually, I’ve changed my residency from one state to another twice in the past 20 years and here’s what I would advise:

    1) Have a physical address in the new state, and an actual residence; 2) be able to prove you spend more than 50% of your time in the new place; 3) get a driver’s license in the new state and give up the one in the old; 4) register to vote at your new address; and 5) begin to pay state income taxes or abide by whatever the state laws are (for instance in Tennessee there’s no income tax on earned income—just unearned income) on the next April 15.

    Going to “millionaire openings” and cultural events would not get it with the accountants and tax people I know, especially in a court of law.

  6. Hey I came across your site by luck on bing while trying to find something totally irrelevant but I am really happy that I did, You have just added yourself another subscriber. 🙂

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