Financial Expert Brown: People Moving to States With Low Taxes

Friday, 11 Jul 2014 06:18 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Americans these days are more willing to move to a state with no income tax in order to fatten their wallets, financial expert Travis Brown says.

"We do have a lot of mobility, and people go where the jobs and the income are,'' Brown, CEO and co-founder of Pelopidas, LLC, said Friday on "The Steve Malzberg Show" on Newsmax TV.

Story continues below video.


Note: Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system –
Click Here Now

"In fact if you look back since 1976, there's a record number of people who are employed in America that reside in a no personal income tax state. One in five today," said
Brown, author of "An Inquiry into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything,'' written with Arthur Laffer, Stephen Moore and Rex Sinquefield, and published by Wiley.

"People who have work are choosing to reside in a state like Texas or Florida. The evidence is there … We have never seen a state tax its way into prosperity.''

Brown also urged President Barack Obama to stimulate the economy by dropping proposed tax hikes.

"If just the announcement of saying, 'You know what, I had these intentions. but it's clear that it's not stimulating the economy' … the economy would immediately recognize that as a strong economic signal.''


See "The Steve Malzberg Show" on Newsmax TV each weekday live by clicking here now.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

RNC's Flores: Dems Running From Key Issues

Wednesday, 22 Oct 2014 12:05 PM

Democrats' skittishness to discuss key issues in the midterms has benefited the GOP with women and minority voters, acco . . .

Tea Party's Kawa: Scott Needs Message That Grabs Floridians

Wednesday, 22 Oct 2014 11:42 AM

For Florida Gov. Rick Scott to win re-election, he needs a message that resonates with average Floridians, tea party act . . .

Michael Rubin: Teach American Values to Lessen ISIS' Lure

Wednesday, 22 Oct 2014 11:28 AM

The Islamic State objectifies women and sees their sole purpose as sexually satisfying men, but has an "active female re . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved