Quote:California's tax plan is "so egregious" that residents of every socioeconomic background are leaving the state, host of Fox Business Network's Charles Payne said Wednesday.

California Democrats have raised taxes on high-income families again and again. While the left claims the measure doesn't impact taxpayer migration or hurt state tax revenue, a new study conducted at Stanford University finds the opposite.

The report reveals a 2012 income tax increase drove away many high earners. As a result, the state only netted about half the revenue gains it expected. The increase in 2012 jumped from 10.3 percent to 13.3 percent and the measured departure rate for high-income earners rose from 1.5 percent to 2.125 percent.

Appearing on "Fox & Friends" with hosts Steve Doocy, Ainsley Earhardt and Brian Kilmeade, the "Making Money" host said the results of the finding seemed obvious.

"I think the most important thing here is when they cobble these things together, and they say 'Hey, this is what's going to happen; this is how much we're going to make from it.' Those are called counterfactuals. You don't know until you actually do it," he explained.

"I think the more important part about this whole thing [is] how much less even the top earners reported in income."

Payne told the hosts that the "bifurcation between wealthy and poor in California is mind-boggling."

"It's so amazing when I hear Democrats talk about income inequality where every place that they've had a chance to dictate tax policy has the worst, the absolute worst, divide between super-rich and super-poor," he stated. "So, if you're not getting the money you were supposed to get from these grand schemes, you go lower and lower...and soon the super-rich become $250,000, $100,000, $75,000 [earners]..."

"So, not only did a massive amount of people flee the state, those wealthy folks that had the wherewithal to do it, paid themselves less money. You talk about an unmitigated disaster...," said Payne.

"What about Rush Limbaugh leaving New York?" Kilmeade joked. "We still haven't recovered."

Link

California loves being a "welfare" state.

I don't care if they move or not I just hope they keep that mentality in California. They're destroying other states by bringing their uber-Liberal mindset to their new digs. Some are like locusts, destroying everything in their path.

(10-23-2019 12:17 PM)CrimsonPhantom Wrote:  

Quote:California's tax plan is "so egregious" that residents of every socioeconomic background are leaving the state, host of Fox Business Network's Charles Payne said Wednesday.

California Democrats have raised taxes on high-income families again and again. While the left claims the measure doesn't impact taxpayer migration or hurt state tax revenue, a new study conducted at Stanford University finds the opposite.

The report reveals a 2012 income tax increase drove away many high earners. As a result, the state only netted about half the revenue gains it expected. The increase in 2012 jumped from 10.3 percent to 13.3 percent and the measured departure rate for high-income earners rose from 1.5 percent to 2.125 percent.

Appearing on "Fox & Friends" with hosts Steve Doocy, Ainsley Earhardt and Brian Kilmeade, the "Making Money" host said the results of the finding seemed obvious.

"I think the most important thing here is when they cobble these things together, and they say 'Hey, this is what's going to happen; this is how much we're going to make from it.' Those are called counterfactuals. You don't know until you actually do it," he explained.

"I think the more important part about this whole thing [is] how much less even the top earners reported in income."

Payne told the hosts that the "bifurcation between wealthy and poor in California is mind-boggling."

"It's so amazing when I hear Democrats talk about income inequality where every place that they've had a chance to dictate tax policy has the worst, the absolute worst, divide between super-rich and super-poor," he stated. "So, if you're not getting the money you were supposed to get from these grand schemes, you go lower and lower...and soon the super-rich become $250,000, $100,000, $75,000 [earners]..."

"So, not only did a massive amount of people flee the state, those wealthy folks that had the wherewithal to do it, paid themselves less money. You talk about an unmitigated disaster...," said Payne.

"What about Rush Limbaugh leaving New York?" Kilmeade joked. "We still haven't recovered."

Link

California loves being a "welfare" state.

The first people to leave are the professional middle class with families.

(10-23-2019 01:03 PM)bullet Wrote:  

(10-23-2019 12:17 PM)CrimsonPhantom Wrote:  

Quote:California's tax plan is "so egregious" that residents of every socioeconomic background are leaving the state, host of Fox Business Network's Charles Payne said Wednesday.

California Democrats have raised taxes on high-income families again and again. While the left claims the measure doesn't impact taxpayer migration or hurt state tax revenue, a new study conducted at Stanford University finds the opposite.

The report reveals a 2012 income tax increase drove away many high earners. As a result, the state only netted about half the revenue gains it expected. The increase in 2012 jumped from 10.3 percent to 13.3 percent and the measured departure rate for high-income earners rose from 1.5 percent to 2.125 percent.

Appearing on "Fox & Friends" with hosts Steve Doocy, Ainsley Earhardt and Brian Kilmeade, the "Making Money" host said the results of the finding seemed obvious.

"I think the most important thing here is when they cobble these things together, and they say 'Hey, this is what's going to happen; this is how much we're going to make from it.' Those are called counterfactuals. You don't know until you actually do it," he explained.

"I think the more important part about this whole thing [is] how much less even the top earners reported in income."

Payne told the hosts that the "bifurcation between wealthy and poor in California is mind-boggling."

"It's so amazing when I hear Democrats talk about income inequality where every place that they've had a chance to dictate tax policy has the worst, the absolute worst, divide between super-rich and super-poor," he stated. "So, if you're not getting the money you were supposed to get from these grand schemes, you go lower and lower...and soon the super-rich become $250,000, $100,000, $75,000 [earners]..."

"So, not only did a massive amount of people flee the state, those wealthy folks that had the wherewithal to do it, paid themselves less money. You talk about an unmitigated disaster...," said Payne.

"What about Rush Limbaugh leaving New York?" Kilmeade joked. "We still haven't recovered."

Link

California loves being a "welfare" state.

The first people to leave are the professional middle class with families.

Which leaves the "welfare" folks that vote D. Eventually, the Cali govt is gonna have to go after the poorer folks with higher taxes, etc.

(10-24-2019 07:54 AM)VA49er Wrote:  

(10-23-2019 01:03 PM)bullet Wrote:  

(10-23-2019 12:17 PM)CrimsonPhantom Wrote:  

Quote:California's tax plan is "so egregious" that residents of every socioeconomic background are leaving the state, host of Fox Business Network's Charles Payne said Wednesday.

California Democrats have raised taxes on high-income families again and again. While the left claims the measure doesn't impact taxpayer migration or hurt state tax revenue, a new study conducted at Stanford University finds the opposite.

The report reveals a 2012 income tax increase drove away many high earners. As a result, the state only netted about half the revenue gains it expected. The increase in 2012 jumped from 10.3 percent to 13.3 percent and the measured departure rate for high-income earners rose from 1.5 percent to 2.125 percent.

Appearing on "Fox & Friends" with hosts Steve Doocy, Ainsley Earhardt and Brian Kilmeade, the "Making Money" host said the results of the finding seemed obvious.

"I think the most important thing here is when they cobble these things together, and they say 'Hey, this is what's going to happen; this is how much we're going to make from it.' Those are called counterfactuals. You don't know until you actually do it," he explained.

"I think the more important part about this whole thing [is] how much less even the top earners reported in income."

Payne told the hosts that the "bifurcation between wealthy and poor in California is mind-boggling."

"It's so amazing when I hear Democrats talk about income inequality where every place that they've had a chance to dictate tax policy has the worst, the absolute worst, divide between super-rich and super-poor," he stated. "So, if you're not getting the money you were supposed to get from these grand schemes, you go lower and lower...and soon the super-rich become $250,000, $100,000, $75,000 [earners]..."

"So, not only did a massive amount of people flee the state, those wealthy folks that had the wherewithal to do it, paid themselves less money. You talk about an unmitigated disaster...," said Payne.

"What about Rush Limbaugh leaving New York?" Kilmeade joked. "We still haven't recovered."

Link

California loves being a "welfare" state.

The first people to leave are the professional middle class with families.

Which leaves the "welfare" folks that vote D. Eventually, the Cali govt is gonna have to go after the poorer folks with higher taxes, etc.

@Turnips

Chickens, meet Roost:

Rising California Gasoline Prices Highlight Growing Divide in U.S.

helpin' the poor, y'know, cause Demoncraps care about you (not):

Quote:The price at the pump was more than $4 a gallon in Vista, Calif., when Scott Hissem recently embarked on a trip to Texas to celebrate his 40th birthday. When the delivery associate for Amazon.com Inc. arrived in the Lone Star state, he got an unexpected present: Gasoline cost just $2 and change.

The gap has Mr. Hissem considering a move to escape California’s high cost of living.

“It makes life hard,” Mr. Hissem said of California, which is the most populous U.S. state and the one with the highest gasoline prices. “You can’t go out and do the things you want to do.”

problem is...all these Cali Demoncraps moving out to normal places makes them crazier too. Might be more prudent to keep the madness isolated and perhaps get rid of Cali altogether. Democrats in California have worked hard for years to inflate gasoline prices, but now they're searching for a fall guy as voters gripe about how much they're paying to fill up. It's the Demoncrap's fault, ya'll.

The nice scenery and weather are not enough to make people tolerate being robbed at gunpoint.

(10-25-2019 07:59 AM)Fo Shizzle Wrote:  The nice scenery and weather are not enough to make people tolerate being robbed at gunpoint.

wanna hear how you run a business in tough times and survive.....

I had to absorb the gouging from the oil corpshites post Katrina when gas prices hit the 'sip a $4+/gal in '05....

people forget the 'mean' was a $1/gal pre-Kat....

I simply kicked their arse on the residual effect....

when I did my pair of decades in corpshite 'murica, we finally tacked on a surcharge due to the cheapening of steel and overbuilding from 'Gina' (china)...it took me a year to convince the 'suits' how to play that bs....

there's always a way to fk with the dipshites until the cupboard becomes empty....

#caliOnItsWay

/Raises Hand/

(10-25-2019 10:40 AM)GrayBeard Wrote:  /Raises Hand/

how's the northeast treatin' ya these days....it can't be worse...yet, hardly much better....

population increase is a biatch when one succumbs to 'me gooberment(s)'...

it's why the brits hate the journos and such....and why I continue to fly the Gadsden...