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Census =Tax Lesson


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#1 Rogerdodger

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Posted 22 December 2010 - 09:27 AM

Currently we are seeing the cities and states with the highest taxes losing population and their economies are faltering.
Maybe there is a lesson to be learned in the latest Census:

STATE OF THE NATION: Census shows slowing US growth...
"An increase of 9.7 percent from the 281,421,906 in the 2000 census -- the smallest proportional increase than in any decade other than the Depression 1930s!"

Fast growth in states with no income tax...
First, the great engine of growth in America is not the Northeast Megalopolis, which was growing faster than average in the mid-20th century, or California, which grew lustily in the succeeding half-century. It is Texas.

Its population grew 21 percent in the past decade, from nearly 21 million to more than 25 million. That was more rapid growth than in any states except for four much smaller ones (Nevada, Arizona, Utah and Idaho).

Texas' diversified economy, business-friendly regulations and low taxes have attracted not only immigrants but substantial inflow from the other 49 states. As a result, the 2010 reapportionment gives Texas four additional House seats. In contrast, California gets no new House seats, for the first time since it was admitted to the Union in 1850.
There's a similar lesson in the fact that Florida gains two seats in the reapportionment and New York loses two.

This leads to a second point, which is that 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.
Altogether, 35 percent of the nation's total population growth occurred in these nine non-taxing states, which accounted for just 19 percent of total population at the beginning of the decade.

Read more at the Washington Examiner: http://washingtonexa...x#ixzz18qoAs5Jv

Texas' population reaches 25 million...

Edited by Rogerdodger, 22 December 2010 - 09:37 AM.