States and Taxes

Arthur Laffer and Stephen Moore in today's WSJ report on their study of low-tax states and high-tax states. Low-tax states fare better, they find. One reason: Americans know how to use the moving van to escape high taxes.

Note: Laffer and Moore are technically incorrect to list New Hampshire among states that lack an income tax. New Hampshire is a great place to work because it does not tax wages. New Hampshire is not such a great place to retire (though lots of us have done so anyway) because it does tax dividend and interest income.