tjrad815 t1_iubquml wrote on October 30, 2022 at 2:46 AM

Reply to comment by LetsPlayCanasta in The face of opposition to Question 1 admits proposed tax wouldn’t hurt him much: ‘I’m not struggling’ - The Boston Globe by petepont

Ok... Let's pretend that your source is good. What else happened in 2008 that may have also contributed to a sudden change in people's fortunes? (Here's a hint: it was a national recession)

LetsPlayCanasta t1_iubs7ui wrote on October 30, 2022 at 2:58 AM

Yup, the WSJ article notes the financial crisis. Then there's this:

"One-in-eight millionaires who filed a Maryland tax return in 2007 filed no return in 2008. Some died, but the others presumably changed their state of residence. (Hint to the class warfare crowd: A lot of rich people have two homes.)
A Bank of America Merrill Lynch analysis of federal tax return data on people who migrated from one state to another found that Maryland lost $1 billion of its net tax base in 2008 by residents moving to other states. That’s income that’s now being taxed and is financing services in Virginia, South Carolina and elsewhere."

https://taxfoundation.org/marylands-millionaires-missing-after-income-tax-hike

tjrad815 t1_iubtchk wrote on October 30, 2022 at 3:08 AM

I read Tax Foundation's about page. They have a clear bias against progressive taxes. I'm done engaging with your nonsense.

LetsPlayCanasta t1_iubtn52 wrote on October 30, 2022 at 3:11 AM

Just like every other response: I don't like your totally accurate statistics because it comes from a partisan source.

Believe me, I'm used to it.