Where is Everyone Going?
In the past 15 years, California’s high tax burden caused 340,000 (mostly) high earners to go to other states like Nevada where they can keep more of their earnings. Is there a pattern? You bet there is. Americans are “voting with their feet” more than ever before. Not just pro golfer Phil Mickelson who makes a pretty penny, but average wage earners. Where do they move from, where do they go …and why? Travis Brown has studied this extensively and he authored “How Money Walks,” the definitive study on which states are winning or losing the competition for taxpayers and businesses and what the results tell us. Join Bob and Travis tomorrow to celebrate federalism in operation, just as the founders envisioned.