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IPFS News Link • TAXES: State

The Hunt for Taxes Altering the Economy

• Martin Armstrong-Armstrong Economics

We are beginning to witness the impact of state taxes on decision making. California's high taxes led to the San Francisco Giants losing Bryce Harper to the Philadelphia Phillies. The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies because the bottom line net of what California would take was insane. I know several IT firms that are experiencing the same loss of talent all because California already has the highest state income taxes in the country.