Reply to Top 3 of nation's 4 richest counties are in NoVa

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Montgomery country and Maryland are in FREEFALL. This is quite SAD! The wealthy are fleeing the high taxes to the free land of the commonwealth!!![/quote]

If you think a county-level median has anything to do with 'the wealthy' in any American jurisdiction, you clearly have no clue about wealth, income, or medians.[/quote]

A high county-level median HHI is suggestive of where you will probably also find aggregate wealth, but of course the wealthy can live in whatever enclaves they please.  Although they may then need very good tax accountants if they don't want to get socked with a large tax bill to subsidize the less well-heeled in their jurisdictions.[/quote]

There's some correlation, but folks discussing an article on median income and using the word "wealth" clearly have no clue. Lots of DMV counties have had very high median incomes for decades, but only recently have had significant numbers of really wealthy folks (though higher income=income more valuable land=higher housing wealth). Howard County, in my understanding, still follows this pattern. But the country is full of place with massive wealth and not-super-high median HHI: Palm Beach County and probably Cook County come to mind.[/quote]

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