Browsing by Subject Personal income tax
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The article analyzes the relationship between economic growth and personal income tax in the 100 largest metropolitan areas in the U.S, since 1980. The author argues that high spending and tax rates in cities such as Detroit, Michigan, Milwaukee, Wisconsin, and Syracuse, New York, impede economic development. He asserts that high-growth areas such as Dallad, Texas, Tampa, Florida, and Austin, Texas, are models that should be emulated. According to the author, the data reveal that economic prosperity and the growth of urban areas will escalate as tax burdens are low as compared to nearby metropolitan areas. The author emphasizes the importance of low tax rates and effective spending by...