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A Q for the Wealth Creators
Comments
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And it worked, in my case at least.AZDuck said:Swaye - that's fine. Nobody likes paying taxes. And your circumstances as a retiree are significant because you lost untaxed income in the form of BAH and BAS and are on a limited (and fixed) income as a retiree. States like Florida, Arizona and, I guess, Virginia have made a decision to capture retirees.
Link to rain tax:
http://www.forbes.com/sites/travisbrown/2014/01/03/when-it-rains-it-pours-tax-dollars-in-maryland/
I was already looking for a way out, but this last tax just took the cake for me. Property taxes going up every year, income tax at 10% (just State), abortiative taxes on gas....just on and on...Maryland is a very typical blue state....tax and spend. Oh yeah, and the recent gun laws enacted by O'Malley were attrocious, but that is for another thread I suppose...
I have no idea how Maryland is doing economically relative to other blue states (I'd guess better because of their unique proximity to the largest employer in the world - DC, but that's just a guess) but I have read several articles about how high wage earners are abandoning MD for VA.
http://www.washingtontimes.com/news/2012/jul/3/marylanders-move-in-droves-to-virginia/?page=all
I know this thread isn't about MD or VA, but I love taking shots at O'Malley and pointing out one example where a person left mostly due to tax issues - and that person was me. Fuck Maryland. -
Not the case.AZDuck said:Mike said:
We know that states that on average sates without an income tax have had double the population growth and more than double the income growth of states with very high income taxes over the last 10 years.
We know that Texas (with no income tax) gained 1 million jobs over the last five years, California (high income tax), lost jobs.
http://www.latimes.com/business/la-fi-california-job-growth-beats-rest-of-us-ucla-anderson-forecast-says-20140613-story.html
http://www.washingtonmonthly.com/magazine/march_april_may_2014/features/oops_the_texas_miracle_that_is049289.php?page=all
But this model of economic development, which also combines a highly regressive tax system with minimal levels of public investment, has not allowed Texas to keep up with America’s best-performing states in per capita income or rates of upward mobility. And that’s what most people, including in Texas, most want the economy to deliver.
I read the California job article and here is what jumped out to me:
Employment numbers in the Inland Empire and Los Angeles are still below the pre-recession peak, while San Francisco, Silicon Valley and San Diego have regained the job losses in the wake of the foreclosure crisis.
If I have a population of 1,000,000 people. And the rest of the country has 500,000.
And I lose 500,000 jobs. And the rest of the country losses 50,000.
Would I not rebound at a faster job growth rate?
At some point you bottom out ... and you begin to add jobs. And if you have a larger population, and a larger group of unemployed ... you will add jobs at a faster rate.
Regarding Texas.
Yes. Fracking and oil has helped us.
The fact is Governor Perry has been prudent about using that growth to draw in other companies and not blow through the money like Swaye at a coke driven tattooed hooker festival.
It's like saying Clinton was only lucky because of the dot.com boom.
It is how he utilized his resources and built regulation around it.
The company I work for, in Texas, is adding 94 people this fiscal quarter. We employ 1500 currently. We do very little in oil and gas. However, the divisions that are vested in this sector are creating wealth, which is helping lift all boats. On the flip side our soccer loving CEO is cutting the divisions who are hurting.
The problem with government is no one ever cuts. -
I read the California job article and here is what jumped out to me:topdawgnc said:
Not the case.AZDuck said:Mike said:
We know that states that on average sates without an income tax have had double the population growth and more than double the income growth of states with very high income taxes over the last 10 years.
We know that Texas (with no income tax) gained 1 million jobs over the last five years, California (high income tax), lost jobs.
http://www.latimes.com/business/la-fi-california-job-growth-beats-rest-of-us-ucla-anderson-forecast-says-20140613-story.html
http://www.washingtonmonthly.com/magazine/march_april_may_2014/features/oops_the_texas_miracle_that_is049289.php?page=allBut this model of economic development, which also combines a highly regressive tax system with minimal levels of public investment, has not allowed Texas to keep up with America’s best-performing states in per capita income or rates of upward mobility. And that’s what most people, including in Texas, most want the economy to deliver.
Employment numbers in the Inland Empire and Los Angeles are still below the pre-recession peak, while San Francisco, Silicon Valley and San Diego have regained the job losses in the wake of the foreclosure crisis.
If I have a population of 1,000,000 people. And the rest of the country has 500,000.
And I lose 500,000 jobs. And the rest of the country losses 50,000.
Would I not rebound at a faster job growth rate?
At some point you bottom out ... and you begin to add jobs. And if you have a larger population, and a larger group of unemployed ... you will add jobs at a faster rate.
Regarding Texas.
Yes. Fracking and oil has helped us.
The fact is Governor Perry has been prudent about using that growth to draw in other companies and not blow through the money like Swaye at a coke driven tattooed hooker festival.
It's like saying Clinton was only lucky because of the dot.com boom.
It is how he utilized his resources and built regulation around it.
The company I work for, in Texas, is adding 94 people this fiscal quarter. We employ 1500 currently. We do very little in oil and gas. However, the divisions that are vested in this sector are creating wealth, which is helping lift all boats. On the flip side our soccer loving CEO is cutting the divisions who are hurting.
The problem with government is no one ever cuts.
Bad ass FREE PUB bitches! -
Nobody does. That's my poont. And we never will.AZDuck said:Where is the U.S. currently on the Laffer curve? Does anyone know?
That's also my point. The laffer curve isn't invalid, the left and the right just use it as a political tool. -
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Not the case.AZDuck said:Mike said:
We know that states that on average sates without an income tax have had double the population growth and more than double the income growth of states with very high income taxes over the last 10 years.
We know that Texas (with no income tax) gained 1 million jobs over the last five years, California (high income tax), lost jobs.
http://www.latimes.com/business/la-fi-california-job-growth-beats-rest-of-us-ucla-anderson-forecast-says-20140613-story.html
http://www.washingtonmonthly.com/magazine/march_april_may_2014/features/oops_the_texas_miracle_that_is049289.php?page=allBut this model of economic development, which also combines a highly regressive tax system with minimal levels of public investment, has not allowed Texas to keep up with America’s best-performing states in per capita income or rates of upward mobility. And that’s what most people, including in Texas, most want the economy to deliver.
bizjournals.com/sacramento/news/2012/03/26/california-job-loss-recession-analysis.html
pewtrusts.org/en/research-and-analysis/blogs/stateline/2014/01/07/which-states-will-generate-jobs-in-2014
And you didn't comment on my post regarding economic freedom. To me, that's the core topic vs. cherry picking stats. -
Ranking of states by median per capita income:
1. Maryland
2. Alaska
3. New Jersey
4. Connecticut
DC
5. Massachusetts
6. New Hampshire
7. Virginia
8. Hawaii
9. Delaware
10. California
11. Minnesota
12. Washington
13. Wyoming
14. Utah
15. Colorado
16. New York
17. Rhode Island
18. Illinois
19. Vermont
20. North Dakota
21. Wisconsin
22. Nebraska
23. Pennsylvania
24. Iowa
25. Texas
26. Kansas
27. Nevada
28. South Dakota
29. Oregon (PUMP MY GAS DUCK!)
30. Arizona
31. Indiana
32. Maine
33. Georgia
34. Michigan
35. Ohio
36. Missouri
37. Florida
38. Montana
39. North Carolina
40. Idaho
41. Oklahoma
42. South Carolina
43. New Mexico
44. Louisiana
45. Tennessee
46. Alabama
47. Kentucky
48. Arkansas
49. West Virginia
50. Mississippi
http://en.wikipedia.org/wiki/List_of_U.S._states_by_income
And you didn't comment on my post regarding economic freedom. To me, that's the core topic vs. cherry picking stats
I was working on this. You can't cut/paste spreadsheets in here very easily. Devs?
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Haha! I'm not old. Or I don't think I am. I retired like 18 months ago just over 40. It was a Navy retirement. I have another job now. Jiffy Lube, don't cha know. (gay smiley face)GrundleStiltzkin said:Never would have pegged (75k) @Swaye for an old dude. Way to stay young at heart brother.
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Though I must admit, if I am still sweatpants bonering to tattoed hotties, riding motorcyles, killing woodland creatures and listening to Metallica when I'm 70, then I will have lived a bad ass life all the way to the end.
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Stats, graphs, pie charts, grids, x, y, arrows, history, facts, opinions.
Everyone is an expert now with Wikipedia.
Google has allowed every angle to be argued now. A fact is now twisted to being not a fact. People argue the planet is roughly 6,000 years old.
All I know is individual choice we make impacts everyone else.
