Wednesday , September 23 2020
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What happens when you tax the rich?

Summary:
When California raised top tax rates from 10% to 13%:rich people left (probability of moving increased by 40%); and reported less income (2,000 less)

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When California raised top tax rates from 10% to 13%:
  • rich people left (probability of moving increased by 40%); and
  • reported less income ($522,000 less)

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