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-- you first so explain this -- thing that you create.
Well thanks the IRS we -- -- everyone's income move between the states over the last fifteen years we see big losses from states like New York.
-- it now we've -- New York mice hate to end.
I see people erred -- leaving for Florida -- -- of California even.
But the comedy -- for Michigan at least.
While there's not the kind of in migration -- wanna see but.
First state like Florida and you're seeing a massive amount of people and their income coming in 86 billion dollars.
Florida was the number one Gaynor that's right.
Darcy run the Goldwater institute and Arizona think tank Arizona's that number Tuesday.
And people come in from Minnesota my state New York that you could say they go to Arizona and Florida just because it's warm -- -- for -- But you'd be wrong.
But they are moving.
And whether you're not totally wrong well the number one reason people move.
And the Census Bureau asks and they say to find a job and that jobs correlate with a low taxes right -- go hand in hand.
Climate is it that makes up about 5% of people's decisions as a small quality of life factored not the big factor everybody thinks that this.
And John we see that in the data there -- states without an income tax doing very well in this analysis states like Wyoming.
States like Washington State all gaining people and income.
So it's not just the weather what what what are the highlights what are the main things you learn well out of all fifty states there are nine -- Put a price to work at zero that makes them very competitive compared to.
A basket of other states that have a high price our.
-- -- -- -- work made the state income tax puts a price on work that's different between one state or another.
So you have this by non income tax state that stress that button.
Well it shows the big analysis for states like Texas gaining -- gained 22 billion dollars last fifteen years that.
Those states like them.
Gained a 146.
Billion whereas the reverse the states for the highest per personal income tax rate lost over a 120 billion.
And that an attack states.
Florida -- zone -- Texas North Carolina and Nevada the biggest losers New York California Illinois New Jersey and Ohio.
-- I think there's what I call the magic formula and it's taxes on the one hand and good labor policy on the other which means to a business.
Being free to hire and fire the people you want so what you'll see it in an overlap and the most successful states you'll see.
Both no income tax are very low taxes coupled with right to work lot -- hand in hand.
Hands down those states will succeed every time John it's not so much that people think oh there's no income tax fairly few people do if you're really wealthy you think about that.
Most Americans think where are the jobs where is the opportunity and that's what we know goes hand in hand with these good tax policies that's why these tax policies.
And the labor policies are so critical for policy makers to get right.
And Travis you've noticed that state seem to be doubling down on both good and bad policies.
That's right you've got states like Minnesota there -- been have been talking about it snowbird tax raising marginal tax rates.
Appear you have those kinds of states.
Not doing as well governor Dayton says -- these people are going to Florida and Arizona and -- in the winter.
There are Minnesota people it's we should get.
A little penalty for that and I can see the thinking.
If did you disposable income was truly captive within your zip -- -- in your city that might work but what we know about prayer mobility today.
Now more than ever.
Is that people can and -- move and they.
Do pursue those jobs and where their income is most welcome.
In the states keep raising these taxes think -- -- get more money and they get less.
They never alert that should be a surprise considering the past performance of what -- 134 million taxpayers keep saying with this analysis now.
Com one state that's Travis this is moving in the right direction -- Oklahoma it hasn't been that well in the past but now it's lowered taxes several times and presto.
People start to move to Oklahoma.
He'll be -- the speaker of the house there so.
TW Oklahoma I think got to dust bowl light of people.
-- moved to Oklahoma.
Well you know John it's simple and Oklahoma we know that if you want more something than.
You don't tax that you tax and less if you want less of something.
You tax it more and so were -- to.
Reduce our state income tax rate.
It's at 5% five and a quarter now when we can take it the four point 89 in every time we've done in the past.
We've seen an increase revenues and we've seen growth so we're trying to keep the momentum going in Oklahoma.
And even the usually clueless mainstream media -- to start to get this time magazine had a headline in the heartland.
-- which means to them Oklahoma Kansas Missouri supply side is the yellow brick road and supply side is -- laughed first argument that if you lower taxes people will come -- you.
But you know when you look at what's happening -- contrast as to -- seven Washington DC.
You know it's pretty clear.
That you know if we're not going to be taking freedoms away from people were trying to expand freedoms and Oklahoma.
And the best way to do that is allow people to keep more of their hard work and money.
You know we'll continue to move the needle we've got to be competitive our forefathers sought fit that lets the states would be competitive in Oklahoma we -- -- win.
And you feel competition from Kansas and Missouri.
Well there's no question when you've got the thirteen largest.
Economy in the world just south of you.
And intact you know in -- you've got to be competitive and always moving the needle.
And frankly it was like my friend will weather for the speaker of the house in Florida say we've got to be about creating.
Pockets of freedom around the country because if you look at how the federal government's continued.
With its intrusion on personal liberties it's going to be up to the states that are gonna make the difference is there's -- -- be reform in the country.
It's gonna happen in the fifty capitals around the states and Travis.
Oklahoma was losing people for awhile.
You see a change of fortune in the numbers based on any -- our children and Oklahoma right here you can see that over time.
They were bottling out losing people in income in about 2005.
That's consistent with some of the tax cuts that.
They were passing and Oklahoma City at that time I'd also like to point ads on the -- didn't happen until I got to act and also back.
I love with the speaker is doing because.
He understands Oklahoma does not have the beaches that Florida and California have they don't have been a huge universities that maybe you have in places like Boston in New York.
A lot of the incumbency factors and other states that are helpful they don't have.
But they know that they can be competitive if they get labor and -- right and they're gonna do it and before you know what Oklahoma is going to be in the top five.
Hit Travis you say celebrities are -- good leading indicator.
Well they are entrepreneurs and we see evidence from people like Tiger Woods and others.
That make the move all the time.
He moved from California to Florida starting his career NBA players like LeBron James and other players that end up moving to Texas.
From get the first announcement on their doorstep that.
Think of them what you can buy with the money you see the Houston Rockets have pamphlets that remind players how many Rolex Watches and Bentley she could afford from the money is saved in Texas just move in the Texas that's right in many cases these athletes have an opportunity to earn more.
And regardless of whether they play another game or not.
Michael Phelps doesn't live in Maryland anymore.
That's right -- Tony Romo is the best.
Paid athlete after taxes even though he might not have -- pay equivalent to others in the NFL he -- because he lives in Texas and no income tax day being a resident of Texas or a resident of a lower tax state.
Means real value.
-- speaker Shannon you've lowered taxes several times but what you go to zero like Texas and Florida -- You know we actually had a proposal on the table to do that last year because of some the lobbying effort we weren't successful at it but again.
I think what's most important that we keep moving the needle -- you have trouble running -- -- government.
You know what well you certainly that argument can be made obviously you've got to be able to keep a commitment to core government services but.
You know there -- a lot of states around the country that have proven that you can do without a state income tax it's the most regressive tax out there.
In any gain if you want people who you know to to have investment dollars in -- state.
-- like my mentor JC watts said.
Capital won't -- to a hostile environment you've got to keep it is open and free market principle -- you -- in Oklahoma we believe we're doing that.
Thank you speaker Shannon -- old son Travis brown.
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