Read The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality)

The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality)

Cristobal Young

4.9/5 (14872 ratings)

Description:In this age of globalization, many states and countries are worried about the tax flight of the rich. As income inequality grows and U.S. states consider raising taxes on their wealthiest residents, there is a very real concern that these high rollers will board their private jets and fly away, taking their wealth with them. Many assume that the importance of location to a person's success is at an all-time low. Cristobal Young, however, makes the surprising argument that location is very important to the world's richest people. Frequently, he says, place has a great deal to do with how they make their millions. In The Myth of Millionaire Flight, Young examines a trove of data on millionaires and billionaires--confidential tax returns, Forbes lists, and census records--and distills down surprising insights. While economic elites have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. For the rich, ongoing economic potential is tied to the place where they become successful--often where they are powerful insiders--and that, ultimately, success diminishes both the incentive and desire to migrate. This important book debunks a powerful idea that has driven fiscal policy for years, and in doing so it clears the way for a new era. Millionaire taxes, Young argues, could give states the funds to pay for improvements and amenities to attract a group of people who are much more mobile--the next generation.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality). To get started finding The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Format: PDF, EPUB & Kindle Edition

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ISBN: 1503603814

Description: In this age of globalization, many states and countries are worried about the tax flight of the rich. As income inequality grows and U.S. states consider raising taxes on their wealthiest residents, there is a very real concern that these high rollers will board their private jets and fly away, taking their wealth with them. Many assume that the importance of location to a person's success is at an all-time low. Cristobal Young, however, makes the surprising argument that location is very important to the world's richest people. Frequently, he says, place has a great deal to do with how they make their millions. In The Myth of Millionaire Flight, Young examines a trove of data on millionaires and billionaires--confidential tax returns, Forbes lists, and census records--and distills down surprising insights. While economic elites have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. For the rich, ongoing economic potential is tied to the place where they become successful--often where they are powerful insiders--and that, ultimately, success diminishes both the incentive and desire to migrate. This important book debunks a powerful idea that has driven fiscal policy for years, and in doing so it clears the way for a new era. Millionaire taxes, Young argues, could give states the funds to pay for improvements and amenities to attract a group of people who are much more mobile--the next generation.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality). To get started finding The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality)

The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich (Studies in Social Inequality)

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