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"Atlas Shrugged" taxes blow up in Maryland's face
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Friday, March 12, 2010
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From Daily Crux Editor Tom Washington:

The state of Maryland is watching Atlas Shrugged play out in real life…

A recent tax hike on the state’s wealthiest people was expected to funnel an extra $106 million into state coffers last year. Instead, tax revenues drained from successful people plummeted… and the number of successful filers plummeted as well.

Sure, the recession damaged incomes, but it’s obvious some people are leaving the state… rather than stick around and pay for hundreds of thousands of moochers. Bravo!

Read full article...

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Topics: Government Stupidity | Taxes | Cruxallaneous
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