Dan Bongino
๐ค SpeakerAppearances Over Time
Podcast Appearances
You want to know what happened?
Robert Rice doesn't care about what happened.
But I'll tell you what happened.
Here's an article in the Wall Street Journal when Maryland tried this back in 2010.
The state's comptroller's office, the comptroller's office, now has the final tax return date for 2008, the first year the higher tax rates applied.
The number of millionaire tax returns fell sharply from 5,529 from 7,898.
Guys, again, can you check that math out in the chat?
I think that's less.
They had less.
How's that?
Less millionaires.
A 30% tumble.
The taxes paid by rich filers after their millionaire's tax fell.
Does that say fell, Justin, by 22%?
And instead of the tax payments increasing by 106 million, like the Robert Reich folks predicted, they fell by...
257 million.
Wow.
That's a lot.
So you thought you were going to get 106 million more dollars from Maryland millionaires when you instituted your billionaire millionaire tax and you actually lost 257 million?
That's called like a natural experiment.