If You Look At The Performance Of The Zero-income-tax-rate States And The Highest-income-tax-rate States, I Believe A Large Amount Of Their Difference Is Due To Taxes. Not Only Is It True Of The Last Decade, But I Took These Numbers Back 50 Years. And, There's Not One Year In The Last 50 Where The Zero-income-tax-rate States Have Not Outperformed The Highest-income-tax-rate States.

-Arthur Laffer

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If You Look At The Performance Of

Arthur Laffer

If You Look At The Performance Of The Zero-income-tax-rate States And The Highest-income-tax-rate States, I Believe A Large Amount Of Their Difference Is Due To Taxes. Not Only Is It True Of The Last Decade, But I Took These Numbers Back 50 Years. And, There's Not One Year In The Last 50 Where The Zero-income-tax-rate States Have Not Outperformed The Highest-income-tax-rate States.

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Zero

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Years

There Are Several States That Move From Karl Marx-like Policies To Adam Smith-like Policies And Back Again In A Weekend. So For The States With Huge Volatility In Their Income Tax Policies Over Time, The Differences In Growth Rates In Those Periods Are Really Amazingly Consistent With Tax Rates Really Mattering.

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Weekend

Differences