Doug Hoffer | Seven Days | Vermont's Independent Voice

Doug Hoffer 
Member since Oct 2, 2014


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Re: “Prosecutor, Politician ... Priest? Bram Kranichfeld Pursues a Higher Calling

Best of luck Bram.

3 likes, 2 dislikes
Posted by Doug Hoffer on 07/11/2019 at 4:34 PM

Re: “Are the Rich Really Running From Vermont's 'Death Tax'?

pcowanvt said, "Our tax policy sends the message that we want to have power over the rich and take them down."

That is simply not true. The top 1% pay just about the same percent of income for all state & local taxes as the middle class. You've been fed a bunch of baloney.

https://itep.org/whopays/vermont/

4 likes, 27 dislikes
Posted by Doug Hoffer on 04/06/2019 at 3:26 PM

Re: “Are the Rich Really Running From Vermont's 'Death Tax'?

Mr. Feldman

I was with you when you used data. But your hypothetical is one-sided and ignores the possibility that some millionaires would move into Vermont (some do).

6 likes, 25 dislikes
Posted by Doug Hoffer on 04/04/2019 at 4:35 PM

Re: “Are the Rich Really Running From Vermont's 'Death Tax'?

Mr. Feldman

The $97.7 million was over five years so (if your figures are correct) the $5.5 million savings would not be realized in one year, but over time. If it was one fifth per year ($1.1m) it would be a rounding error since the total income tax paid in 2017 was $725 million. Again, not as good as gaining $1.1m, but the sky is not falling.

8 likes, 22 dislikes
Posted by Doug Hoffer on 04/04/2019 at 2:21 PM

Re: “Are the Rich Really Running From Vermont's 'Death Tax'?

Mr. DeFrancis said "my parents have recently shifted their official residence from VT to Mass as the flat income tax rate of 5.05% presents significant savings over Vermont's outrageous progressive income tax structure."

Interesting. You are probably unaware that Vermont's top marginal rate is not what your parents pay. We have a progressive structure so on average the effective rate for those that earn $200,000 to $299,999 is 4.8%. Therefore, it's likely your parents are paying more in MA than they were in VT.

Aren't facts fun?

15 likes, 22 dislikes
Posted by Doug Hoffer on 04/04/2019 at 12:34 PM

Re: “Are the Rich Really Running From Vermont's 'Death Tax'?

Mr. Feldman

I always appreciate those (like you) who seek the data so thanks for that.

However, in this case, you provided no context for that $97 million figure. Try this. During that period (2012 - 2016) Vermont's total aggregate AGI was over 85 billion so the $97 million represents just a bit more than one tenth of one percent. Pretty sure the sky is not falling.

Moreover, you might be surprised to learn that more than half the states in the country lost AGI from domestic migration and that many lost a greater percentage than VT.

Facts matter, but context is im portant too.

9 likes, 23 dislikes
Posted by Doug Hoffer on 04/04/2019 at 12:27 PM

Re: “Are the Rich Really Running From Vermont's 'Death Tax'?

You said, "We should look at other states data of 200k people to see the overall trend."

I did (sse my first post). Even with our overall net negative outflow, VT is one of 23 states with a net positive domestic migration rate for those earning more than $200,000.

Facts matter.

15 likes, 29 dislikes
Posted by Doug Hoffer on 04/03/2019 at 8:54 PM

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