One of the highlights of last night's Alexander Hamilton dinner of the Manhattan Institute was the announcement, by Arthur Laffer, of the Web site savetaxesbymoving.com. Mr. Laffer said he had bought his house in Tennessee with the first year's worth of tax savings he reaped by moving there from California. (The Tiebout Effect in action, yet again.)
The Web site allows users to input their income, age, and number of dependents, along with where they live and where they might move to. It outputs their annual potential tax savings, along with the total tax savings and the compounded growth of them to retirement. It's a nifty site, and Mr. Laffer credited one of the Hamilton award recipients, the chairman of Prescott Investors, Thomas W. Smith, for having written, directed, and produced it.
I'll have a more detailed report on the Alexander Hamilton award dinner shortly.