“You can’t take it with you” is as true about death as it is about taxes.
If I’ve got a $5M home in Beacon Hill and I decide to flee to Texas because the taxes are cheaper, who the fuck am I going to sell it to? Another guy with $5M in his pocket? Or am I just going to eat a seven figure loss to save $10k/year on income taxes?
What if I’ve got a $50M tower block in Boston’s downtown? Or a $500M corporate HQ? How about a $5B warehousing district in Boston Harbor? You think I’m going to just pick that shit up and move it to Louisiana?
“You can’t take it with you” is as true about death as it is about taxes.
If I’ve got a $5M home in Beacon Hill and I decide to flee to Texas because the taxes are cheaper, who the fuck am I going to sell it to? Another guy with $5M in his pocket? Or am I just going to eat a seven figure loss to save $10k/year on income taxes?
What if I’ve got a $50M tower block in Boston’s downtown? Or a $500M corporate HQ? How about a $5B warehousing district in Boston Harbor? You think I’m going to just pick that shit up and move it to Louisiana?
they aren’t going to flee to texas over taxes because texas has a higher taxes (overall, not just income)