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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review July 15, 2010 / 4 Menachem-Av, 5770

Fouled by the taxman

By Jeff Jacoby

Jeff Jacoby




http://www.JewishWorldReview.com | A week before LeBron James's announcement on ESPN that he was leaving the Cleveland Cavaliers to join the Miami Heat, the New York Post and Rush Limbaugh saw it coming -- and for reasons having nothing to do with sports.

"If LeBron James goes to the Miami Heat instead of the Knicks," the Post noted gloomily on July 1, "blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite. There is no state income tax in Florida." Consequently, a five-year, $96 million contract (the estimated deal he could get in either city), would cost James $12.34 million in New York taxes, but nothing in Miami (though he may be taxed when he plays in other cities). "Quite a penalty for the privilege of working in Midtown."

On the radio that day, Limbaugh, an ex-New Yorker, amplified the point: "Here you have these poor schlubs that . . . own the Knicks and they're going to try to persuade LeBron James to move to New York to play for the Knicks and they gotta tell him, 'By the way, you're going to pay about 12 to 15, maybe $20 million more in taxes in New York than you would [in Florida].'" Limbaugh drolly asked his audience whether James should take the Knicks' offer "and pay the additional taxes to show his 'compassion,'" or sign with Miami and "use the additional money for his own economic stimulus."

Other armchair accountants raised the tax issue after James's announcement on July 8. The Miami Herald and CNBC pointed out that because Cleveland has a city income tax and Miami doesn't, even a Heat contract worth $29 million less than what the Cavs offered him would still leave James with $1 million more in take-home pay. The Wall Street Journal remarked that Cleveland should be used to high-income refugees fleeing its excessive tax rates, having seen half of its Fortune 500 companies -- and tens of thousands of taxpayers -- leave in recent years.

In sports as in most other enterprises, the more you tax something, the less of it you generally end up with it. World-class athletes are no more immune to financial incentives than world-class doctors, lawyers, or entrepreneurs.

On Monday, Jamaican sprinter Usain Bolt, the world record-holder in both the 100- and 200-meter dash, pulled out of next month's Diamond League track meet at the Crystal Palace in London. The reason: Britain's exorbitant tax laws, which would force Bolt to pay more in taxes than he would earn by winning the race. Lewis Hamilton, a British Formula One racing star, moved to Switzerland after his first season in 2007. He initially said he was seeking "to escape the public eye," commented the Wheels blog at NYTimes.com, "but there's no getting around the fact that Switzerland is also a tax haven."

The first boxing event at the new Yankee Stadium in June -- a fight between Miguel Cotti and Yuri Forman for the World Boxing Association's junior middleweight title -- attracted well over 20,000 spectators. But Yankees COO Lonn Trost conceded afterward that future fights of that caliber are unlikely, since the tax on a fighter's purse in New York is much higher for non-residents than it is elsewhere. That extinguishes any hope of a Yankee stadium superfight between champions Floyd Mayweather Jr. and Manny Pacquiao. "We'd love to do [Mayweather-Pacquiao], but I believe both of them are non-residents," Trost told the New York Post, "and the tax could be as much as 13 percent on the purse, where the tax out in Vegas is zero. That's a big difference." It sure is.

Avoiding high taxes is not the only reason sports stars -- or anyone else -- move from one jurisdiction to another. Weather, family, education, love -- any of them may play a role. But it is no coincidence that far more people migrate from high-tax states (California, New York, Ohio) to low-tax states (Florida, New Hampshire, Texas) than the other way around. When tax rates bite, taxpayers and businesses are driven to escape -- or are deterred from coming in the first place. There's nothing inexplicable about the fact that people don't like paying high taxes and may change their lives to avoid them. The real mystery is why so many advocates of high taxes never seem to learn that lesson.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Jeff Jacoby is a Boston Globe columnist. Comment by clicking here.

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