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Larry Elder, “Rich Lefties and Their Taxes”

“People change behavior in response to taxes, raising them can result in getting less revenue.”

by Larry Elder

Ah, the hypocrisy of tax-hikers who do everything they can to avoid the taxes they wish to impose on others.

Sen. John Kerry, D-Mass.: He tried to avoid $500K in his home state’s sales and excise taxes by docking his newly purchased $7 million 76-foot yacht in Rhode Island.

Massachusetts lowered its state income tax in 2001. Given the presumably large number of rich people who pine to pay more taxes, the state allowed tax filers to check a box and voluntarily pay the old, higher rate. In a liberal state of over 3 million tax filers, how many volunteered to pay the higher rate in 2004? A tiny fraction of 1 percent — 930 taxpayers. Continue reading