Skip to content. | Skip to navigation

This Slogan Viewlet registered to qPloneThemeBrendA product

Home » Events » Flight of the Millionaires?: Experiments in Taxing High Incomes in New Jersey and California
Document Actions

Flight of the Millionaires?: Experiments in Taxing High Incomes in New Jersey and California

Charles Varner, doctoral candidate, Princeton University and Cristobal Young, Ph.D., Stanford University
When Oct 22, 2012
from 12:00 PM to 01:30 PM
Where 1130 K Street, Room LL3
Contact Name
Contact Phone 530-752-2635
Add event to calendar vCal
iCal

As federal tax rates on high incomes have declined, several states have added “millionaire taxes” as new sources of revenue.  Concerns have been raised about states’ ability to sustain these policies without losing top earners, who might choose to reside in lower-tax jurisdictions.  Although existing research finds that people rarely migrate for tax purposes, the rich may be different.  Using state tax returns, we analyze two recent income tax increases – New Jersey’s 2004 tax on income above $500,000 and California’s 2005 tax on income above $1,000,000.  Neither change appears to have influenced the migration patterns of the rich.  This suggests that high income earners are similarly unresponsive to modest changes in their marginal tax rates.

Charles Varner is a doctoral candidate in sociology at Princeton University.  His dissertation examines migration and political responsiveness to state fiscal policy.

Cristobal Young is an assistant professor of sociology at Stanford University. In addition to his interests in taxation and migration, he has published work on labor markets, and statistical methodology.

This event is co-sponsored by the California Research Bureau.

Millionaire Migration in California paper pdf

Upcoming Events
Fuel Cell Science Technology and Commercialization Update: Transportation and Power Generation Scott Samuelsen, Director, Advanced Power and Energy Program; Director, National Fuel Cell Research Center, UC Irvine Jul 31, 2014 12:00 PM - 01:00 PM — 1130 K Street, Room LL3
Political Representation in Red and Blue Shades David Barker, Director, Institute for Social Research; Professor of Government, California State University, Sacramento Aug 07, 2014 12:00 PM - 01:00 PM — 1130 K Street, Room LL3
Is there a Public Interest in Payment? Bitcoin and Beyond Bill Maurer, Dean, School of Social Sciences; Director, Institute for Money, Technology and Financial Inclusion; Co-Director, Intel Science and Technology Center for Social Computing, UC Irvine Aug 14, 2014 12:00 PM - 01:00 PM — 1130 K Street, Room LL3
Previous events…
Upcoming events…