#taxes – WSJ editorial today: state & local income taxes affect pro athletes' choice of where to play. Want a better team? Cut taxes!
— Steve Schulin (@GrandStrander) May 8, 2017
Here’s link to the editorial: Tax Rates and Professional Losers | A new study says high taxes could cost your team a championship.
* Erik Hembre, an economist at the University of Illinois-Chicago, looked at the question: Do tax rates affect a team’s performance? He analyzed data in professional football, basketball, baseball and hockey between 1977 and 2014. Since the mid-1990s, he writes, “a ten percentage point increase in income tax rates is associated with between a 1.9-3.0 percentage point decrease in winning percentage.”
* An NBA team that fled Minnesota (top rate: 9.85%) for Florida (0%) could expect to win an additional 4.5 games a season, Mr. Hembre found.