[ad_1]
I’ve ceaselessly argued that variations in state revenue tax charges assist to clarify interstate migration patterns, particularly for high-income people, Locations like Tennessee, Texas and Florida are drawing residents from extra extremely taxes areas. Bloomberg reporter Jonathan Levin not too long ago made the next declare about Jeff Bezos’s resolution to maneuver to Florida:
Lastly, I’d be remiss to disregard taxes utterly. Washington, the place Bezos based Amazon in 1994, not too long ago authorised a brand new 7% capital positive aspects tax concentrating on funding income over $250,000, and that at all times stood to have a huge impact on Bezos, who has bought down billions in Amazon.com inventory over time. In March, after the state Supreme Courtroom upheld the brand new tax, his fellow Washington billionaire Ken Fisher introduced (with attribute grandstanding) that he was shifting his money-management agency to zero-state-tax Texas. Bezos didn’t point out taxes explicitly, however the math should have crossed his thoughts.
Maybe Bloomberg editors have been sad together with his article, as they added the next headline:
Bezos’ Miami Transfer Is Not About Washington’s Taxes
The billionaire is returning to a metropolis the place he went to highschool and the place his mother and father stay — it’s so simple as that.
Actually, that straightforward? (Most individuals in all probability by no means look past the headline.)
PS. On September 24, Bloomberg revealed an article filled with nonsensical made-up figures. Practically six weeks later, they’ve but to appropriate the article. Have they got an editor?
(0 COMMENTS)
[ad_2]
Source link
