Economic Consequences of Tennessee’s Gift and Estate Tax by Arthur B. Laffer, PhD

Economic Consequences of Tennessee’s Gift and Estate Tax

By Arthur B. Laffer, PhD

Monday, March 19th, 2012

Tennessee is one of 19 states with a separate estate tax and one of only two states with a gift tax, which has caused the state to underperform in comparison to other right-to-work states and other states with no earned income tax, low corporate tax, and low overall tax burdens according to authors Arthur B. Laffer, PhD and Wayne Winegarden, PhD.
The cost Tennessee has paid for its gift and estate tax in lost economic growth and employment is staggering. Had Tennessee eliminated its gift and estate tax 10 years ago, Tennessee’s economy would have been over 14% larger in 2010 and there would have been 200,000 to 220,000 more jobs in the state. And, the more robust economic growth would have benefited state and local government revenues adding between $7 billion and $7.3 billion to state and local coffers. (more)
http://www.laffercenter.com/economic-consequences-tennessees-gift-estate-tax/

Texas vs. California

Why so many people are moving from the Golden State to the Lone Star State by Chuck DeVore

Note: This article originally appeared at National Review Online on March 14, 2012.


One in five Americans calls California or Texas home. The two most populous states have a lot in common: a long coast, a sunny climate, a diverse population, plenty of oil in the ground, and Mexico to the south. Where they diverge is in their governance.


For six years ending in 2010, I represented almost 500,000 people in California’s legislature. I was vice chairman of the Assembly Committee on Revenue and Taxation and served on the Budget Committee. I was even a lieutenant colonel in the state’s National Guard. Before serving in Sacramento, I worked as an executive in California’s aerospace industry. (More)

http://www.texaspolicy.com/center/economic-freedom/opinions/texas-vs-california

Moguls Rent South Dakota Addresses to Dodge Taxes Forever-Bloomberg News Online

Here is an interesting article...

Bob

http://www.bloomberg.com/news/2013-12-27/moguls-rent-south-dakota-addresses-to-dodge-taxes-forever.html

The Great Minnesota Exodus Tax Acts of 2013

The Great Minnesota Exodus Tax Acts of 2013

As published in the St Paul Pioneer Press on December 27, 2013

Enjoy the read!!!

Bob Smith
Robert.L.Smith.3rd@gmail.com


https://drive.google.com/file/d/0B4g-dYJxw_wpUGdjNEVRRC15UW8/edit?usp=sharing