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Taxes aren't going to make the rich leave California, report says
LA Times PolitiCal$ ^ | 10/24/12 | Chris Megerian - LA Times

Posted on 10/24/2012 12:24:24 PM PDT by NormsRevenge

Millionaires aren’t likely to leave California if taxes are increased, according to new research from the Stanford Center on Poverty and Inequality.

(Excerpt) Read more at latimesblogs.latimes.com ...


TOPICS: Business/Economy; Culture/Society; Politics/Elections; US: California
KEYWORDS: california; leave; rich; taxes
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1 posted on 10/24/2012 12:24:24 PM PDT by NormsRevenge
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ehhhh?


2 posted on 10/24/2012 12:24:40 PM PDT by NormsRevenge (Semper Fi)
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To: NormsRevenge

“Stanford Center on Poverty and Equality”?

Sure sounds like an objective bunch to me.


3 posted on 10/24/2012 12:26:22 PM PDT by A_Former_Democrat
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To: NormsRevenge

Yeah, because everybody knows that rich people are stupid, lazy, and don’t have the initiative to relocate to another state. Yeah, right! (And maybe the unicorns at the border will intimidate them into staying.)


4 posted on 10/24/2012 12:29:04 PM PDT by Bob
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To: NormsRevenge

Some will, some won’t.

Many have aleady left.

Hell, some even left the country....


5 posted on 10/24/2012 12:29:31 PM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: NormsRevenge

lolz

They never ever think that and they are always wrong.

Johnny Depp is leaving France because.... ?


6 posted on 10/24/2012 12:30:32 PM PDT by GeronL (http://asspos.blogspot.com)
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To: NormsRevenge

Really?

Cuz I’m thinking in a few years of moving to Nevada, Idaho or Utah for that reason, as well the disgust of seeing how many moochers there are in KahLeeFawnEeYuh, the Damned energy rates and if I sat around and thought about I’d come up with a myriad of reasons.

I’ll be traveling a lot in about 5 years and see no reason to have my primary residence in a state that only appreciates takers.


7 posted on 10/24/2012 12:31:05 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: NormsRevenge

http://latimesblogs.latimes.com/california-politics/2012/10/california-millionaires-taxes.html


8 posted on 10/24/2012 12:34:06 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: NormsRevenge

Idiots! The problem is not that we’re taxed too little, cut the fricken spending already!! And the economy strangling regulations!! And the out of control government!!

Run the damn big spending socialist liberals OUT!!


9 posted on 10/24/2012 12:34:46 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: NormsRevenge
Taxes aren't going to make the rich leave

The socialists in France thought the same way. How's that working out over there??

News flash to leftists - people don't like being taken advantage of. And rich people have options.


10 posted on 10/24/2012 12:34:55 PM PDT by canuck_conservative
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To: stephenjohnbanker

“Some will, some won’t. Many have aleady left.
Hell, some even left the country....”

My guess is that the smart one’s have already left or figured out how to shelter their money and the stupid one’s are all down in Hollywood, and don’t care because they like the weather!
As far as leaving the country, the Hollywood types always threaten to leave when the Republicans take over, but they all have alligator mouths and hummingbird asses so they never make good on their “threats.” Can you say Alec Baldwin?


11 posted on 10/24/2012 12:36:00 PM PDT by vette6387
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To: A_Former_Democrat

Notice that “freedom” isn’t part of their agenda.

Anyone preaching “equality” is inherently anti-liberty.


12 posted on 10/24/2012 12:36:29 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: NormsRevenge
Millionaires aren’t likely to leave California if taxes are increased...

No, but their earnings will. They will be happy to keep living in California - 182 days a year. :)

13 posted on 10/24/2012 12:37:34 PM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Vendome

Sorry, Idaho’s full :P


14 posted on 10/24/2012 12:38:12 PM PDT by MarkeyD (Obama is a victim of Affirmative Action)
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To: NormsRevenge

Taxes from millionaires; Mental Health Special Tax

Income: 1.5 billion to start
Now .7 billion.

Increase of taxes, decrease in revenue... Decrease in taxes in 1995, immediate increase in revenues for 1996. Same song, different verse.

It will cost me roughly $2500 if these new taxes go into effect (and no, I’m not a millionaire, not even close to pushing into six digits.) That’s also my cost for moving out of state. I can choose to feed that money, year after year, into the maw of California, or I can invest it in moving myself to a far more economically friendly state.

Watch income tax revenues take yet another dive next year.


15 posted on 10/24/2012 12:38:33 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: NormsRevenge

If they work in Silicon Valley or Hollywood, probably not. There is so much inertia there in those communities and industries, the taxes would have to approach French 75% levels to show much of an effect.

For just about everyone else though its fair game.


16 posted on 10/24/2012 12:41:18 PM PDT by Buckeye McFrog
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To: kingu

Thanks. I’ll get it fixed,, darn mouse. ;-]


17 posted on 10/24/2012 12:41:39 PM PDT by NormsRevenge (Semper Fi)
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To: vette6387

” and don’t care because they like the weather!”

Living on the ocean, and deep sea fishing almost kept ME there.

” As far as leaving the country, the Hollywood types always threaten to leave when the Republicans take over”

Actually, I was thinking of wealthy investors, quite a few of which have relocated to Singapore, Australia, and other places where taxes are low, and the business climate is friendly.


18 posted on 10/24/2012 12:42:03 PM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: NormsRevenge

Why risk it! My recommendation would be to leave the “millionaires” alone and to tax the heck out of the “Stanford Center on Poverty and Inequality”. They don’t seem to mind.


19 posted on 10/24/2012 12:42:15 PM PDT by FlingWingFlyer (“Big Bird, Binders, Horses and Bayonets!” Sorry that’s all we’ve got! - the DNC)
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To: GeronL

maybe Depp should consider Costa Rica or Trinidad or something? he can afford to have a few residences.. as to FRance, they are retreating from sanity .. but I repeat myself.. many there are coocoo to start with.. (hope you’re not FRench) :-}


20 posted on 10/24/2012 12:45:24 PM PDT by NormsRevenge (Semper Fi)
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To: NormsRevenge
Taxes aren't going to make the rich leave California, report says

If true stick them up to 100%.

21 posted on 10/24/2012 12:46:15 PM PDT by Timocrat (Ingnorantia non excusat)
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To: NormsRevenge

Maybe not...you’ll get some additional tax on the front end but you’ll lose all of it on the back end. So who wins?
NOBODY.


22 posted on 10/24/2012 12:46:36 PM PDT by sanjuanbob
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To: MarkeyD

I got skills baby!

McCall is where I’m thinking. Unbelievable how beautiful it is.

Course the food is the same everywhere: Steak and Potatoes? or would you like Steak and Potatoes?

No Kulture and nothing but Whitey’s but, I’ll pretend I’m back in my small hometown of 600 in Oklahoma and go fishing, hunting, camping, swimming, water skiing, snow skiing(if they ever open that ski lodge again), waving to complete strangers as I drive by with a smile, live peacefully among others who are pretty much happy with God, their families and well....life.

I can swing a hammer, use a saw, do some plumbing, I’m right there when someone needs help.

It’ll be great, with no friction and real quiet, the way I like it.


23 posted on 10/24/2012 12:49:05 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: NormsRevenge

We already know several that have. Also didn’t the facebook executive looking at his payout even leave the country?


24 posted on 10/24/2012 12:51:16 PM PDT by edcoil (It is not over until I win.)
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To: NormsRevenge

Increased taxes in CA will see small to medium sized business and middle class families leave (or go out of business). The disparity between the rich and poor will widen more after these tax increases go through.


25 posted on 10/24/2012 12:55:11 PM PDT by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: SoldierDad

” Increased taxes in CA will see small to medium sized business and middle class families leave (or go out of business). The disparity between the rich and poor will widen more after these tax increases go through.”

FACT


26 posted on 10/24/2012 12:56:56 PM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: stephenjohnbanker

Drugs warfare and gangs made me leave CA 25 years ago, it has to be a great cesspool by now!
Rich yea live gated community!
Average citizen raising kids not good!
LA is a wonderful place to visit but reside!


27 posted on 10/24/2012 12:59:38 PM PDT by Conserev1
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To: NormsRevenge

Yes, SOME rich won’t leave California, everyone has some reasons to stay put and not bother with moving.

BUT many rich ARE leaving California!
Why stay when you can live as well, or better, in as nice or better communities.... in several of the other 57 states ...
and...
not pay California’s 10% income tax
not pay California’s 9% sales tax
not pay double for every restaurant meal or other things you buy (due to the state’s extremely high costs of doing business, business taxes, and oppressive regulatory overload)
and yes, you can get 2, 3, 5 or even 10 times the housing for the same price, in many, many very nice places around America. some very nice places...

So, the rich who are not TIED down to California, and who have at least two brain cells to rub together, ARE getting OUT, and as FAST as they possibly can!

And from all signs anyone can see there, the trend is accelerating... as the state’s Governor seeks to raise income and sales taxes even higher than they already are!
Up Up and AWAY
(California’s taxes and costs of living go UP and UP ,.... and all those that can get AWAY as fast as they can)


28 posted on 10/24/2012 12:59:54 PM PDT by faithhopecharity
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To: SoldierDad

“Increased taxes in CA will see small to medium sized business and middle class families leave (or go out of business). “

The “brilliance” of Obamacare taxes are that it makes it bad everywhere. Having no place to run is the goal of the marxists.


29 posted on 10/24/2012 1:00:47 PM PDT by lodi90
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To: Conserev1

” Drugs warfare and gangs made me leave CA 25 years ago, it has to be a great cesspool by now!
Rich live in a gated community!”

I left in 2006 after having lived there 30 years.
And I lived in a low crime area.


30 posted on 10/24/2012 1:03:51 PM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: NormsRevenge
Millionaires aren’t likely to leave California if taxes are increased

They already have, but never mind that. "We're going to find out" is perhaps the best response, unfortunately.

31 posted on 10/24/2012 1:03:52 PM PDT by pogo101
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To: NormsRevenge

Liberal logic: If you kick a guy once and he doesn’t leave, he probably won’t ever leave.


32 posted on 10/24/2012 1:06:16 PM PDT by PressurePoint
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To: NormsRevenge
Exactly.. the rich always pass the taxes on to the poor.. (consumer)..
Business does not pay taxes the consumer does..

Actually virtually ALL TAXES are paid by the consumer.. All three givernments(fed,St,Loc) milk "the People" like farm animals.. and attach their property when they die..

Its like Solylent Green "with money".. fiat money loaned to the people by the federal reserve thats not any more federal than the Bank of America is..

ONLY drones in the collective are not aware of this or are and don't care.. Many republicans are drones..

33 posted on 10/24/2012 1:07:14 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: A_Former_Democrat

average home price in Palo Alto area (home of Stanford University) ranges from 1 to 10 million dineros.
And some over 100 mil, too

student parking lot is jammed full of mercedes and other super-inflated luxury vehicles

a Center on Poverty Studies in the middle of such a community is a bit, well, mis-placed perhaps?


34 posted on 10/24/2012 1:07:29 PM PDT by faithhopecharity
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To: lodi90

Maybe I will end up retiring as an expatriate. I’m really down on the long-term prospects of the USA in terms of not becoming like Greece.


35 posted on 10/24/2012 1:08:05 PM PDT by pogo101
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To: NormsRevenge

They always think that raisng taxes and adding restrictions will never affect the behavior of those who will bear the burden of such things...

They claim to know all about science but they fail the whole “pain stimulus —> response reaction “ rule of biology.

They never ever think of the unintended consequences of their actions yet they bring forth their actions on “good intentions” while never putting them to a test when it comes to the actual results, just the perceived results...


36 posted on 10/24/2012 1:08:38 PM PDT by GraceG
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To: NormsRevenge
So they usually are the owners or have an interest in manufacturing or services. All they have to do is raise the cost to consumers and have really have not lost profits. The middle and poor always get the shaft.
37 posted on 10/24/2012 1:10:41 PM PDT by Logical me
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To: faithhopecharity

But you don’t understand.

From the top of the ivory tower on a clear day, you can see Oakland.


38 posted on 10/24/2012 1:11:25 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: faithhopecharity

So, the rich who are not TIED down to California, and who have at least two brain cells to rub together, ARE getting OUT, and as FAST as they possibly can!

Yup, the Rich are first to leave because they have the most to lose and they have the money to up and move if they need to, Middle class and especially lower middle class have the hardest time leaving because they live on razor thin margins... The poor are too, but the working poor are the most stuck.


39 posted on 10/24/2012 1:13:34 PM PDT by GraceG
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To: NormsRevenge
I left San Diego in 2000 for Idaho. Lower taxes. Lower cost of living. Better firearms laws. No stinking smog checks for no good reason. Lower vehicle registration. Higher CA taxes are a transient issue for me. They only have an impact while I'm physically present in San Diego performing direct contract labor. I have ZERO ties that would prevent me from simply driving home to Idaho and cutting off any further revenue to CA.
40 posted on 10/24/2012 1:13:43 PM PDT by Myrddin
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To: pogo101
"We're going to find out" is perhaps the best response, unfortunately.

We already have. Remember Britain in the 1970s? Why do you think John Lennon, Mick Jagger, and others all moved to New York?


41 posted on 10/24/2012 1:14:32 PM PDT by canuck_conservative
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To: NormsRevenge

we are not rich, yet we left california 7 years ago. Now in Idaho.


42 posted on 10/24/2012 1:20:04 PM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11 0bie don' t eatl my dog!)
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To: Vendome
I can swing a hammer, use a saw, do some plumbing, I’m right there when someone needs help.

FWIW...you'll be competing will illegals for that variety of semi-skilled labor and well established businesses for work where a licensed professional is required. It's a right to work state, so you don't have to compete with unions, but they are present. Construction workers spend a lot of time doing something other than construction outside of Summer months. Road construction tasks are always going during good weather periods.

We have most of the decent amenities in the Pocatello area. Idaho Falls is decent too. Getting to food and fuel is easier in those places.

Many of my neighbors work at Idaho National Labs near Arco. That means catching a bus at 5:30 AM and returning to the bus stop at 5:30 PM M-F. 15-20 hours a week commuting to a decent paying job. In town jobs are restaurant, retail, "hospitality".

43 posted on 10/24/2012 1:25:36 PM PDT by Myrddin
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To: Vendome

The rich may not leave but many of the middle class are. I have several friends who worked for the Sheriffs Deparment and the Marshalls office out of San Diego, when they retired they sold their houses and moved to Montana, Idaho and Arizona. They got out while the gittin was good before the housing crash. The bought or built houses equal to or better than the ones they sold and paid half to on third the price. Socked away a nice little nest egg in process.


44 posted on 10/24/2012 1:25:38 PM PDT by Dusty Road
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To: Vendome

The rich may not leave but many of the middle class are. I have several friends who worked for the Sheriffs Deparment and the Marshalls office out of San Diego, when they retired they sold their houses and moved to Montana, Idaho and Arizona. They got out while the gittin was good before the housing crash. The bought or built houses equal to or better than the ones they sold and paid half to one third the price. Socked away a nice little nest egg in process.


45 posted on 10/24/2012 1:26:42 PM PDT by Dusty Road
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To: Vendome

Yes, it is nice there. I’m 2 hours south in Boise. Let me know when you are coming up. I’ve been here 10 years, moved from Chicago. Wouldn’t want to live anywhere else.


46 posted on 10/24/2012 1:31:06 PM PDT by MarkeyD (Obama is a victim of Affirmative Action)
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To: NormsRevenge

Happy to say, my wife and I left California, and we sure don’t miss the high taxes and other nonsense!


47 posted on 10/24/2012 1:34:33 PM PDT by Ranger Warrior ("To stand in silence when they should be protesting makes cowards out of men." - Abraham Lincoln)
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To: NormsRevenge

France has out-cuckoo’s Johnny Depp... that is pretty dang bad.


48 posted on 10/24/2012 1:40:29 PM PDT by GeronL (http://asspos.blogspot.com)
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To: MarkeyD

Moved to Chubbuck from Bloomington, IL about 10 years ago myself. Wouldn’t return to IL if you paid me.


49 posted on 10/24/2012 1:54:23 PM PDT by mesoman7
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To: NormsRevenge

Note to all Califorians that wish to Immigrate to Texas...

Thinning the Herd has been a practice that keeps the Herd healthy.

If you bring your Socialist BS here... you have been informed

This Message brought to you by the Letter “O” and the number $16,000,000,000

(did I get enough zeros in there?)

TT


50 posted on 10/24/2012 2:00:31 PM PDT by TexasTransplant (Radical islam is islam. Moderate islam is the Trojan Horse.)
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