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Source: The Guradian

If you tax the rich, they won't leave: US data contradicts millionaires' threats

Tuesday 10:53 GMT

In the US tax data, while most of the millionaires’ incomes come from wages and salaries, a quarter of them also own a business.

Variations on the threat are issued by well-off individuals all over the world – not least in the United States, where each state sets its own tax policies, and periodic warnings are issued that taxes on the rich will lead to millionaire migration to more obliging US states.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte