Atlas Shrugs...A Continuing Series

Following up my Higher Taxes: Less Income post, the Wall Street Journal publishes an article showing exactly that happening in Maryland, where, after a large state tax hike on the rich, the number of millionaires filing tax returns shrank from 3,000 last year to 2,000 this year, and the tax income received from millionaires in Maryland shrank by $100,000,000! They do say that probably some of that is due to the recession. It would be interesting to nail down how much is due to that. Their tax analysts expected the state to make ~$100,000,000 more, and ended up with that much less. Hey, El Presidente Empty Suit Socialist! Pay attention!!!