Thursday, July 3, 2008

No income tax in Taxachussetts…

Well, this is a pleasant surprise. It seems that there is a real grassroots movement to abolish the Massachusetts state income tax. If this would come to pass, Massachusetts and New Hampshire would both have no state income tax. I wonder how that would change some of the economic dynamics that exist between the two states; many people have migrated up to New Hampshire from Massachusetts (over the last several decades) due to the steep cost of living in Massachusetts. Will that migration stop? Abolishing the state income tax will remove at least one incentive to pick up and move across the border. That is, of course, if Massachusetts rids its state income tax.

No comments: