Monday, September 12, 2011

Rising tax burden driving wealthy from Delaware

The most recent data from the Tax Foundation shows that Delaware is driving out wealthy residents by raising its state and local tax burden.

Every year the Tax Foundation calculates each state-local tax burden as a percentage of the state's per capita income.

Since 2001 Delaware's tax burden has risen from 8.1% (40th lowest among the states) to 9.6% in 2009 (23rd among the states).

Since the research literature shows that over time households vote with their feet, a rising tax burden is a good incentive to leave a state...

I want to read entire article.


No comments:

Post a Comment