...growth tends to be stronger where taxes are lower. Seven of the nine states that do not levy an income tax grew faster than the national average. The other two, South Dakota and New Hampshire, had the fastest growth in their regions, the Midwest and New England.Clearly, lowering taxes is pro-growth.
Tuesday, January 4, 2011
Over the past ten years, Americans voted with their feet as they left states with high taxes and moved to states with lower taxes (h/t Greg Mankiw):