In response to increased tax rates, high-income earners often threaten to leave the location of their tax base. But do they actually follow through? A new article in the American Journal of Sociology, “Taxing the Rich: How Incentives and Embeddedness Shape Millionaire Tax Flight,” examines how increased tax rates incentivize top earners to relocate, and how the forces of embeddedness within their communities encourage them to stay.
Do increased taxes incentivize the rich to move?
-
HighlightsFree Dark Web Monitoring Stamps the $17 Million Credentials Markets
-
HighlightsSmart buildings: What happens to our free will when tech makes choices for us?
-
AppsScreenshots have generated new forms of storytelling, from Twitter fan fiction to desktop film
-
HighlightsDarknet markets generate millions in revenue selling stolen personal data, supply chain study finds
-
SecurityPrivacy violations undermine the trustworthiness of the Tim Hortons brand
-
Featured HeadlinesWhy Tesla’s Autopilot crashes spurred the feds to investigate driver-assist technologies – and what that means for the future of self-driving cars
