If you tax big earners, will they all really flee?
Saturday, February 19, 2011
Investment decisions are "strongly responsive to tax rates," said John Spry, associate professor of finance at the University of St. Thomas Opus College of Business and a consultant to the state Revenue Department. A high tax rate could discourage investments in high-risk businesses with potential for high returns, such as small medical technology companies, and instead steer investors toward safer, tax-free U.S. Treasury bonds or large, well-established companies.
Originally published: 02/19/2011, Pioneer Press